How to send and receive money with PayID

This can help protect you from fraud, scams and mistaken payments. All you need is a PayID to send and receive funds almost instantly. Making and receiving payments is quicker and easier than ever using PayID. Contact the bank where you set up your PayID and ask to put it into a ‘transfer state’. Any advice on our website has been prepared without considering your objectives, financial situation or needs.

What should I do if I get an error when setting up PayID?

Fast or real-time payments are sent and received using Osko by BPAY®and can be addressed to either a PayID or a BSB and account number. You can also receive fast payments via Single Credit Transfers. Real-time payments require both the payer and payee to have Osko enabled accounts.

PayID is already in your online banking

For personal accounts however, if you have more than one mobile number, each could be used as a unique PayID. These can be linked to the same account or to different accounts if you prefer. You can transfer your PayID to a different account within ANZ or from another financial institution in ANZ Internet Banking.

PayID® is fast, simple and safe

Plus it’s now easier to make near real-time payments to friends or family using their registered PayID, even if they bank elsewhere. They can still use your BSB and account number but using your PayID is simpler. Best of all, this new feature is available in Internet banking and on the Mobile Banking App. Your PayID payments are subject to the daily transfer limits set by your bank.

Fast Payments guide

• For personal accounts however, if you have more than one mobile number, each could be used as a unique PayID.
• All payments to a PayID will occur in near real-time.
• Real-time payments require both the payer and payee to have Osko enabled accounts.
• A PayID can only be registered with a single bank, to one account, but an account may have multiple unique PayIDs.

These limits vary depending on your bank and account type. Keep in mind that pay.com.au does not control these limits – they are set by your financial institution. All payments to a PayID will occur in near real-time. You will see the transaction appear as Osko in Online Banking when you make or receive an Osko payment.

Fast

A PayID can only be registered with a single bank, to one account, but an account may have multiple unique PayIDs. Some banks may hold the first PayID payment to a new PayID. Customers with business profiles can also register an ABN PayID. No, people can still pay into your account using your BSB and account number.

Easy to remember

PayID® makes sending and receiving money fast and easy. As safe as sending payments from within your own bank account or banking app. Both the sending and receiving bank accounts must be enabled for faster Osko payments. For example, it may be because it is already linked to another bank account at another financial institution. You’ll need to request a transfer from your other https://hackmd.okfn.de/mPYAfG52Q7iRb26U8Rs1Ow/ financial institution before you can create it with ANZ. Payments will typically be received in a few seconds but may take longer, 24/7, even on weekends and public holidays.

Credit applications are subject to credit assessment criteria. You’ll needCommBank app notifications turned on so you know when you’ve received a reply. Once completed you’ll receive an email confirming that your registration has been successful.

How do I receive money?

Follow the same set up steps to link a PayID to a Westpac business account. You may notice the round Osko logo on your payment screen. You’ll see the name or logo when you make or receive a payment that’s been through the Osko system.