PayID makes payments simple as

Remembering your bank details isn't easy

When it comes to remembering your banking details like your BSB and account numbers, most people simply can’t.

That's where a PayID can help

PayID is a simple new service that makes sending and receiving money from your bank account a little bit easier. You create your PayID by choosing something easy to remember, like a phone number, and registering it with your bank who will securely link it to your chosen account. Then to get paid, you simply share your PayID.

Simple as.

What is a PayID?

PayID has been developed for and by Australian banks, to make sending and receiving payments simpler and quicker.

In coming months, PayID will become part of your participating financial institution’s normal mobile or online banking. It will help you make payments to and from the account of your choice without having to remember, find or share your BSB and account number. Or ask anyone else for theirs.

Your PayID is information unique to you, like your phone number, email or ABN, that can be securely linked to your nominated bank account.


Your PayID can be the same number as your phone number, your email or your ABN. Just check with your financial institution which options they offer. The key is to choose something you can easily remember.

How does PayID work?

The first step is to create your PayID. Your bank, building society or credit union will let you know when you can do this and you’ll be able to do it within your usual mobile or internet banking.

Once you have created your PayID, the next time you want someone to pay money into your account, you simply ask them to pay it to your PayID. And if you need to pay someone else, simply ask them for their PayID.

The option to pay to a PayID will appear within your normal mobile or online banking. Every bank does this slightly differently. In some, the ability to pay a PayID will automatically appear as an option. In others, you may be required to choose an Osko payment first. Over time, we expect other payments products and services will include the option to pay a PayID.

Fewer mistakes

When you enter a PayID, the name of the person who owns that PayID will be automatically shown. All you have to do is simply confirm it’s the right person as part of authorising the transaction. Once approved, your bank will securely communicate with theirs, sending the money into their account. And as part of an Osko payment, the money will be transferred and ready to use, usually within a minute.

It’s really that simple!

How do I register?

Your bank will contact you to let you know when you can register a PayID. It’s important to remember that you will only create a PayID within your usual mobile or internet banking.

Then it’s simply a matter of choosing your unique PayID and deciding which account you want it linked to. You’ll need to prove that you are the rightful owner of both the PayID and the account – the way you would usually identify yourself when dealing with your bank.

If you have more than one account you can register a different PayID for each one.

PayID News & Updates

Most banks in Australia will roll out PayID throughout 2018. Your bank will contact you when it’s time to register.

Which banks offer PayID?

PayID has been developed and will be offered by most Australian banks, building societies and credit unions via the New Payments Platform. For a full list of participating financial institutions click here.

PayID online with Osko and others

Some financial institutions use the Osko system to facilitate PayID. If the PayID option does not appear within your normal online and mobile banking functionality ask your bank if you are required to choose Osko (or another service) first.