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 launching in 2018 with the New Payments Platform (NPP), a major industry initiative to enable faster, simpler, smarter payments in Australia.
When the platform launches, you can choose to create 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 the New Payments Platform launches in 2018 we’ll invite you to create a PayID through Bankwest Online Banking or the Bankwest App.
Visit the PayID website for more information.