Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

PayID coming soon

In coming months you’ll be able to get paid faster with just your mobile number. It’s called PayID. A PayID is like a nickname for your BSB and account number.

Give it to people who want to pay you. Your family and friends probably already have your mobile number in their contacts. It’s that simple.

What does this mean for you?

Faster payments

Transfer funds almost instantly – in most cases under a minute – 24/7, even on weekends and public holidays, between eligible accounts of participating Australian banks, credit unions and building societies.

Simpler for people to pay you

A PayID is an easy way to communicate your account details to other people, using your mobile number.

Smarter payment information

Include more information (up to 280 characters) with your payment.



How to get ready

Use your ABN/ACN to create a PayID and when customers need to pay you they can use it instead of your BSB and account number. PayID is an easy way to communicate your account details. If your suppliers are registered, pay them using their ABN/ACN.

How will PayID and faster payments help my business?

Manage your cash flow better

  • Get access to money faster through the receipt of cleared funds in real time
  • Hold onto your money longer by paying in real time on the due date.


Reduce payment errors

PayID payments will automatically display the recipient name when their PayID is entered into Westpac Live, reducing the potential for misdirected payments.


Improved reconciliations

Payers will have more room to provide more information helping you to easily identify transaction particulars. Save time on tedious reconciliations and focus on your core business.


What do I need to do?

We’ll let you know when it’s time to create your PayID.

Things you should know

Payments and registration of a PayID may take longer in some instances, such as where there is a technical interruption to the service, there is a payment to a first time payee or when the payment is caught for additional security screening.


The PayID types available to you may vary depending on your customer profile.


BPAY® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.