What is PayID?

A faster way to pay

  • PayID is the faster, simpler way to receive payments between participating Australian banks via the New Payments Platform (NPP)
  • Create a PayID by linking your ABN or ACN to an eligible business bank account
  • Once linked, you can give your customers your PayID to receive payments, rather than remembering a BSB and account number
  • PayID is a function of the NPP, launched in Australia earlier this year

Why register your business for PayID?

Optimise your working capital

  • Receive payments in real time, 24/7
  • Reduce the number of exceptions due to enhanced data and smart addressing

Improve your customers' experience

  • Customers can make payments linked to your eligible business account/s with confidence and security
  • Enables faster fulfilment of services or products

Richer payment information

  • Receive more detailed payment information with 280 characters of free text available per payment

Simplify account reconciliation

  • Enables end-to-end, real-time payment and reconciliation
  • Save time and money by eliminating manual intervention

Who can register? 


To be eligible to register an ABN or ACN as a PayID, you must be:

  • A company (including a company trustee/custodian - sole director)
  • An Individual Trustee, and/or
  • An authorised operator, with method of operation set as one to sign

You'll also need to have an:

  • Email address, and
  • Eligible CommBank business bank account such as Commonwealth Direct Investment Account, Accelerator Cash Account, Cheque Account Not Bearing Interest, Premium Business Cheque Account, Agribusiness Line of Credit and Business Line of Credit

Ready to register a PayID for your business? 

Call Business Banking Services if you meet the registration criteria above. It only takes a few minutes. 

Call 13 1998


Do I need a PayID? 

  • PayID registration is optional. You can still use a BSB and account number to receive payments if you want
  • You can send payments to a PayID without having a PayID yourself
  • With PayID the payment process is easier and you can receive payments faster

Can I link one PayID to multiple banks/accounts?

  • A PayID, such as your ABN, is a unique identifier and can only be linked to one account at one financial institution
  • If you want to register a PayID to another account, an additional PayID, such as an ACN, is required
  • We'll introduce more PayID types at a later stage including Organisation ID and email address

Which CommBank accounts are eligible for PayID registration?

  • Commonwealth Direct Investment Account
  • Accelerator Cash Account
  • Cheque Account Not Bearing Interest
  • Premium Business Cheque Account
  • Agribusiness Line of Credit
  • Business Line of Credit

What is the New Payments Platform?

The New Payments Platform or NPP has been developed to significantly improve the speed and convenience of making and receiving payments between participating Australian banks.

What is Osko?

Osko by BPay is a service built on the NPP to facilitate sending and receiving real-time payments via our online banking services, NetBank and CommBiz.

Can I use PayID with CommBiz?

Later in 2019, business customers will be able to send NPP payments using our online banking service, CommBiz.