What is PayID and how does it work?

PayID is a service that allows you to use a unique identifier (such as your mobile number) and link it to one of your eligible accounts to receive NPP real-time payments.

Your PayID can only be registered to one account at a time. For example, if you register your PayID to your personal transaction account then any payments made to your PayID will be paid into that account.

After you create a PayID, you can simply tell payers to make payments to your PayID instead of having to remember your BSB and account number.

It’s optional to set up a PayID so you can bank as normal without one.

PayID is only available for the following Macquarie accounts:

• Macquarie Transaction or Offset Account
• Macquarie Saving Account
• Macquarie Business Savings Account.

For more information see Setting up, transferring or closing a PayID.

There are many benefits to creating a PayID to receive real-time payments, including:

• Fast – you can receive funds in near real-time
• Easy – no need to remember your BSB and account number to get paid
• Convenient – it is available 24 hours a day, 7 days a week, 365 days of the year
• Secure – NPP uses world leading technology certified to the highest data security standards.