The Payments at the Speed of Life PayID Competition now closed. Winner: R. Lamb, Wynn Vale SA.
Remember when payments could take up to 72 hours to transfer between financial institutions? With Fast Payments, that’s a thing of the past. Whether you are splitting the pizza bill with your mates or receiving money from family for something urgent – it’s easy and you don’t have to wait, the money will be there in minutes 24/7! To make it even simpler, use a PayID.
What is PayID?
Can’t remember your BSB & Account number? No worries. PayID is a convenient solution that links your bank account to something you’ll actually remember, like your mobile number or email address. Share your PayID with your friends and family to get paid fast.
Why use PayID?
Your accounts still have a BSB and Account Number, but you don’t have to remember them to receive payments from friends. Simply tell them your PayID.
When making a Fast Payment via Osko, we can now show you the registered PayID user's name before you send, to make sure you get the right person. Plus you can leave a description of up to 280 characters, no more vague descriptions on statements.
You can relax that your payments are in safe hands. Fast Payments are transferred between financial institutions using Osko. Osko uses cutting-edge technology, your payments are monitored 24/7 and all payments are subject to real-time fraud screening and detection capabilities.
Create your PayID in Internet Banking or your Mobile Banking App today!
Want to know more about PayID? Visit payid.com.au
Not all account types are eligible to have PayIDs linked to them – please refer to the Summary of Accounts & Access Facilities Table to find out if your account type is eligible.
A PayID can be closed within Internet Banking or your Mobile Banking App. Simply select ‘Manage PayID’, click the applicable PayID and then ‘PayID Settings’. From there select the ‘Close PayID’ button and follow the prompts.
Initially, you will only be able to create a PayID using an Australian mobile number or email address with People’s Choice; however you are able to link your PayID to your business accounts.
If you are unsure about the name shown contact the payee directly to confirm their PayID name.
When creating your PayID you will be provided a list of name options that reasonably represent and identify you as the account holder. You must select an option from this list.
For example an Account Name of Jonathon Smith with a preferred name of John may be provided the following options:
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