PayID® Fast Secure Payments

Whether you bank with Commonwealth Bank, Westpac, NAB, ANZ, or any other financial institution, you’ll find clear, step-by-step instructions that make the process straightforward. The way Australians send and receive money has changed dramatically over the past few years. If you register your mobile as a PayID, it needs to be the same as your Westpac Protect™ SMS Code. Follow the same set up steps to link a PayID to a Westpac business account. You’ll see the name or logo when you make or receive a payment that’s been through the Osko system.

Send money using a PayID

• If you’ve previously registered the same identifier elsewhere, you’ll need to either use a different identifier or unregister it from the other bank first.
• Osko is the overlay service developed by BPAY® that allows fast payments to be made.
• Log on to the app and select your ‘Profile’, then PayID’ from the settings options

People can still send money to your BSB and account number even if you don’t have a PayID registered. Westpac offers a user-friendly PayID registration process through their mobile banking app. With over 25 million registered PayIDs as of April 2025, according to industry data, this payment method has achieved remarkable adoption among Australians seeking faster, safer best new online casino australia transactions. You can also receive fast payments via Single Credit Transfers.

How to Register PayID in Australia with Any Bank – Complete Step-by-Step Guide

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. Have an eligible business account? You’ll need CommBank app notifications turned on so you know when you’ve received a reply. Set up your mobile number or email address as your PayID in a few taps, search ‘PayID’ in the CommBank app.

How to Set Up, Change, and Close Your PayID: Complete Step-by-Step Guide for Australian Banks

However, other account fees and charges may apply. PayID costs nothing to set up and there are no fees for making and receiving payments via PayID. You can do this anytime in Online Banking or the Westpac App and you don’t need to tell anyone you’ve changed the account your PayID pays into. All the payer needs to know is your mobile number rather than your BSB and account number. Payments using PayID are sent and received in real time, in most instances within seconds. You can still use a BSB and account number to send and receive Fast Payments.

Some banks have specific requirements for mobile numbers used as PayIDs. It means the mobile number or email address you’re trying to use is already linked to a PayID at another financial institution. The process is typically found under “Payments,” “Transfers,” or “Profile Settings” in their mobile apps. The process of registering a PayID varies slightly depending on your bank, but the overall concept remains consistent. Instead of sharing complicated BSB and account numbers every time someone needs to pay you, you can simply provide your PayID. Before diving into the registration process, it’s essential to understand what PayID actually is and why it has become such a game-changer for Australian banking.