A PayID is a unique identifier that can be used instead of a BSB and account number to make bank transfers simpler, faster, and more secure.
A PayID can be an email address, a mobile number, or an ABN. However, an email address is most often used.
When you make a payment using a PayID, your Internet Banking service will tell you the name of the account holder so you know the money is going into the right account.
The money will be transferred from the payer’s account to the recipient’s account instantly.
PayID
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