A PayID is a unique identifier such as your mobile phone number or email address which is directly linked to your bank account, so that you can easily and safely receive payments.
When a family member, friend or colleague needs to pay you, instead of giving them your bank account number and BSB, simply ask them to send it your PayID e.g. your mobile phone number.
The days of having to exchange your BSB and account numbers are gone, and you can now share your PayID instead. However, if you don't want to use a Pay ID, you can continue to use your account details to receive funds as you have previously.
You can set up more than one PayID if you wish, just link your mobile number to one account and your email address to another.
You can register a PayID through internet banking under Accounts > Manage Pay IDs or in the mobile app under Pay > Manage PayID.