Instant payments from the Bank of Mum or Dad

The teens are back at school. Ah, the serenity…

But then the phone rings and you hear a familiar voice.

“Dad! I forgot I have training after school this afternoon. Can you send me some money so I can get something to eat?? Otherwise, I’m going to be STARVING!”

Now that school is back, did you know you can use PayID to deposit money instantly into your teen’s bank account?

They can create their own PayID using their phone number or an email address, inside their internet banking and link it to their account.

Then, the next time they need money (and honestly, is there ever a day they don’t?) you can simply make a payment to their PayID the same way you would use a BSB and account number inside your usual banking app (aka the bank of mum or dad).

They can hit refresh on their account and watch the money arrive.

For more information, contact your bank.

 


See PayID in action

Fight scammers with PayID

In 2021 Australian businesses and consumers lost $227 million to scammers who pretend...

PayID is a COVID safe way to receive a payment

Do you need someone to pay you, but not keen on touching cash at the moment? With P...

Fat thumbs be gone! Say goodbye to mistakes with PayID 

BSB and account numbers play an important role in our banking system, providing inf...

‘Tis the season to split the bill with PayID!

Breaking notes, counting coins, or waiting for an irritated waiter to pass aroun...

Buying a present for the best teacher in the world?

Use PayID and collect money quickly, without mistakes. A class collection is a great...

Cubbi uses PayID for instant rent payments and to fight fraud

Michael Gilbert, Co-founder and Co-CEO of Cubbi, says PayID plays a big part i...
Carly Bishop

PayID a game changer for Carly’s Coffee Couriers

Carly’s Coffee Couriers was one of the first businesses to advertise PayID as a pay...
Geelong Candle Co

PayID sparks growth for candle making side hustle

Setting up a side hustle can be time consuming and daunting, especially if it takes o...
Casey Bennett Pilates

Pilates Basement pivots online thanks to PayID

Faced with the prospect of Victoria’s prolonged COVID19 lockdown, owner of boutique...