A PayID is a unique identifier you can link to your bank account and use to receive payments. It’s something that’s simple and easy to remember, like a mobile number.
PayID will be part of the New Payments Platform (NPP), a major industry initiative to enable faster, simpler, smarter payments in Australia.
When Bankwest launches in the coming months, you can choose to register your mobile number as a PayID and link it to an eligible bank account, or you can choose to continue using your BSB and Account Number. Either way, you’ll benefit from the major improvements being made.
PayID is a feature of the NPP that enables you to create an easy to remember address to direct payments to your account. PayID replaces the need to enter a BSB and account number when sending or receiving a payment. PayID is a simple and memorable piece of information, such as a mobile phone number.
Once Bankwest launches NPP functionality, we’ll invite you to register your mobile number as your PayID, through Bankwest Online Banking or the Bankwest App.
You can find more information at PayID website.