How to Use PayID NAB (National Australia Bank)

PayID is a service provided by National Australia Bank (NAB) that aids in making it easier for others to send money to you by creating an exclusive identifier that is connected to your bank account. Below are the steps involved in setting up and using PayID with your NAB account:

Log into your NAB Internet Banking or open the NAB app on your mobile device.
Go to the “PayID” section which can usually be found under “Settings” or “Payments.”
Create PayID or Link PayID.
Decide what type of PayID you would like to create: mobile number, email address, ABN (Australian Business Number) if any.
Choose the linked account for PayID and validate the information given.
To finish setting up, enter the verification code sent by NAB through SMS or email based on the kind of PayID you selected.

Receiving money via your PayID

Tell the person who wants to send you money about your PayID (mobile number, email, ABN).
Using their own bank’s internet banking or mobile app that supports PayID transactions , they can instantly send money to your linked account using your PayID.

Sending Money via a PayID

Log in to your NAB Internet Banking or open the NAB app
Activate send money option and click on ‘’PayID’’ as payment method
Enter recipient’s PayID and amount being sent
Confirm details of transaction and make payment

Be aware that these transactions are generally processed instantly so ensure all details are entered correctly before proceeding with this transaction.

Additional Reference Guide from NAB

Open Book

What is PayID NAB?

PayID is a feature offered by National Australia Bank (NAB) that lets customers personalize a bank account identifier that’s easy to memorize. Their PayID could be their mobile phone number, email address, or an Australian Business Number (ABN) for business accounts.

The main things to know about PayID with NAB:

Easy: Instead of telling someone your BSB and account number, you can give them your PayID.
Quick transfers: When someone sends money to your PayID, the funds are usually moved instantly between banks in the network.
Safe: PayID uses New Payments Platform (NPP), a secure payments infrastructure used across the financial industry.
Multi-bank functionality: You can use PayID with multiple participating financial institutions in Australia, not just NAB.
Free: Creating and using a PayID with NAB is free.

PayID aims to streamline money transfer by cutting down on complex details. It’s part of a broader effort in Australia to bring banking into the 21 century and make transactions easier, faster, and more secure between customers and businesses.