You can check the list below to see if your bank offers real-time Osko payments, PayID or both. You can find information on the differences between the two and how they work later in this guide.
Financial institution | Real-time Osko payments | PayID available |
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AMP | NO | ![]() |
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Firefighters Mutual Bank | ![]() | ![]() |
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NO | ![]() | |
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NO | NO | |
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Hunter United | ![]() | ![]() |
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NO | ![]() | |
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Queensland Country Credit Union | ![]() | ![]() |
NO | ![]() | |
RaboBank | NO | NO |
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Reliance Bank | ![]() | ![]() |
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The Mac | ![]() | ![]() |
The Mutual | ![]() | ![]() |
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PayID vs Osko: What's the difference?
Osko and PayID are two features that allow customers to send and receive money instantly. However, these two features are slightly different, and banks can offer Osko payments without also offering PayID.
- Osko: This is a payment feature developed by BPAY that enables you to send and receive money instantly, even between different banks. Usually this would take up to 3 days. You might have noticed the Osko logo pop up after sending money to someone recently, letting you know the transfer was made via Osko and therefore was made instantly.
- PayID: Most banks that offer Osko payments also offer PayID. PayID is a personal identifier, nickname or ID for your bank account that can be used instead of your BSB and account number. Your PayID is usually either your phone number or email address. If your bank doesn't yet offer PayID, it might still offer real-time Osko payments.
How does PayID work?
PayID with Osko (developed by BPAY) will enable you to use a unique, easy-to-remember ID for your bank account to replace your BSB and account number. For example, if someone needs to send you money, you can simply give them your PayID. Your PayID will be something unique to you, like your mobile phone number or email address.
Another feature of PayID is that after you've entered the person's PayID, it'll come up with their name so you can check you're sending the money to the correct person. When your bank has launched PayID to customers, it will invite you to register for your PayID via the Internet or mobile banking.
What is the New Payments Platform?
The New Payments Platform (NPP), which officially launched in February 2017, offers world-class payments infrastructure that's set to revolutionise the way Australians transact. The platform facilitates real-time, data-rich transfers between customers of different financial institutions, and allows Australians to set up a PayID to use instead of their BSB and Account Number.
Osko and PayID are two features of the NPP. To learn more about the NPP and how it can benefit you, check out our comprehensive guide to the New Payments Platform.
Bank accounts with real-time Osko payments
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I have dispute with one Bank due to fraud case. They have closed my account, and they are hostile with me but my PayID/ Osko payment is still there and they getting accidental payment made to me. How could I detach/cancel that service associated with my phone number?
Hi, you need to speak to your bank directly to request your PayID is cancelled / detached from your account.
Does WAW credit union support sending payment into PAYID
Hi Steffydambel,
If you are referring to BankWAW, yes, they support PayID. You can register your personal PayID through Internet Banking or BankWAW App. Alternatively, you can contact their team on 1300 368 555 or visit your local Service Centre.
Best,
Alison
ME Bank does not support receiving OSKO, or sending payments by PayID
https://www.mebank.com.au/support/error-when-receiving-funds-to-my-payid/
https://www.mebank.com.au/support/when-can-i-pay-others-by-pay-id/
Hi Ant,
Thank you for letting us know about this. We have updated our page to reflect the correct details with regard to ME Bank and Osko/PayID transfers.
Thanks,
Alison
does AUSWIDE bank have pay id
Hi Felisha,
I’m afraid Auswide Bank doesn’t have PayID. If you’d like to know more, you can reach out to them to ask when it it will be added, as most banks have a roadmap for adding this.
Regards,
Alison
Is BankSA doing Osko payments yet?
Hello Debbie,
Thank you for your comment.
According to BankSA, Osko, as well as PayID are coming soon to them. There’s no date yet but you need to keep an eye out for a message in Internet Banking or the Mobile Banking app inviting you to set up your mobile number as a PayID.
Regards,
Jhezelyn