What is a PayID and how do I use it?

By February 7, 2018

A PayID is something easy to remember, like a phone number, email address or an Australian Business Number (ABN), that you can securely link to your bank, credit union or building society account. Then when you want somebody to transfer funds into your account, you can give them your PayID instead of your BSB and account number. To pay another person’s PayID you just need to log into your participating financial institution’s internet or mobile banking.