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Forget your BSB and account number. PayID is available to Sydney Mutual Bank members

Sydney Mutual Bank members can set up a Pay ID and send and receive payments in real time, 24/7 through the fast payments service New Payments Platform (NPP) brought to you by Osko. Osko by BPAY™, the first product to leverage the capabilities of the NPP.

Here are the main benefits of the NPP:

  What is Osko by BPAY?
NPP is the new payment platform that enables real-time payments across different financial institutions in Australia. Osko by BPAY, is the first ‘overlay service’ for NPP that enables transfers to be sent and received instantly. You don't actually have to do anything different to use it. It's been built right into your existing Internet Banking and Sydney Mutual Bank Mobile App transfers. Learn more about Osko by BPAY.
  What is a PayID?

It’s a smart address for payments, something easy to remember like a mobile phone, email address, ABN or company name that you can securely link to a bank account. While the PayID can only link to one bank account at a time, accounts can have more than one PayID. If you have a PayID set up on your account, you won't need to hand over your BSB and account number to get paid, now that's easy. Learn more about PayID

  How do I register my PayID?

If you want to receive money easily via a mobile number, email address, ABN or company name, you'll need to register for a PayID.

To register your PayID, simply log in to Internet Banking and navigate to the PayID registration section in the main menu under My Preferences / Manage PayID and follow the prompts from there. You will be asked to select a mobile number or an email address available in your Internet Banking as your PayID.

Please ensure you have the most up-to-date contact details on file in your Internet Banking account. You can do this by logging on to your Internet Banking, selecting 'My Preferences' and 'Update Contact Details'. Alternatively you can call our Member Contact Centre on 13 61 91 and we will change the details for you.

 
  How do I start using NPP and send faster payments?

To send a payment just log into your existing Mobile Banking App or Internet Banking platform and follow these instructions:

Mobile Banking App

  • Select ‘Pay Someone’
  • Click on one of the four options (Account, Phone, Email, Business) Please note that ‘Account’ option requires BSB and Account number and ‘Phone/Email/Business’ are the PayID options
  • Enter the recipients PayID details and click on the 'next' button to verify that PayID. If that PayID exists you will be directed to complete the payment options. It's that simple. IMPORTANT: If you'd like to store those PayID details for future use, you need to tick the 'SAVE to my payee list' option before submitting the payment.

Internet Banking Platform

  • Select ‘Accounts’ then ‘Transfer Money’
  • Select which account you’d like to transfer from
  • Click on the 'New Personal Payee' button and enter the recipients PayID details. If that PayID exists you will be able to add the payment options. IMPORTANT: If you'd like to store those PayID details for future use, you need to add details to the 'Nickname to save as for future use' details.
  Want to know more about Osko or PayID?

Visit osko.com.au or payid.com.au

  FAQs

To view the NPP Australia’s Frequently Asked Questions page please click here. 

 

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