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Stuart Longland (VK4MSL)
Stuart Longland (VK4MSL)
@stuartl@mastodon.longlandclan.id.au  ·  activity timestamp last month

One thing I don't understand these days about the banking system.

For years, you needed 3 things to transfer money into someone's account anywhere in Australia: BSB, account name, account number.

The BSB was a 6-digit number, the account number was usually at least 8. I can accept it probably isn't the friendliest system, but it worked.

Now, the modern preference is a "Pay ID". I've seen numerical ones, and I've seen ones that look like email addresses.

Yet, the Internet banking still expects the BSB, account name and account number.

How the hell do you convert from a "PayID" to a BSB/name/number? Clearly it is possible, otherwise banks would have a field for "PayID" or people would be using the old way instead.

#Banking

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James Cridland
James Cridland
@james@bne.social  ·  activity timestamp last month

@stuartl You don’t convert. Here’s Commbank. PayID is an alternative to a string of numbers. The benefit is confirmation that it really is who you want to pay (which doesn’t exist for BSB+Account).

Commbank’s interface asking for “account” or “Pay ID” or “BPAY”
Commbank’s interface asking for “account” or “Pay ID” or “BPAY”
Commbank’s interface asking for “account” or “Pay ID” or “BPAY”
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James Cridland
James Cridland
@james@bne.social  ·  activity timestamp last month

@stuartl And, here’s Up bank.

Paying me via james@cridland.net is much easier than remembering a set of two numbers, too.

An interface saying “enter an upname”, “enter a payid”, or “enter bank details”
An interface saying “enter an upname”, “enter a payid”, or “enter bank details”
An interface saying “enter an upname”, “enter a payid”, or “enter bank details”
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:PUA: Shlee moshed around and
:PUA: Shlee moshed around and
@shlee@aus.social  ·  activity timestamp last month

@james @stuartl What's upname?

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Joel Michael
Joel Michael
@jpm@aus.social  ·  activity timestamp 4 weeks ago

@shlee @james @stuartl not much, what’s up with you name?

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