Discussion
Loading...

Post

Log in
  • About
  • Code of conduct
  • Privacy
  • Users
  • Instances
  • About Bonfire
Stuart Longland (VK4MSL)
Stuart Longland (VK4MSL)
@stuartl@mastodon.longlandclan.id.au  ·  activity timestamp 3 weeks ago

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

  • Copy link
  • Flag this post
  • Block
James Cridland
James Cridland
@james@bne.social replied  ·  activity timestamp 3 weeks ago

@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”
  • Copy link
  • Flag this comment
  • Block
James Cridland
James Cridland
@james@bne.social replied  ·  activity timestamp 3 weeks ago

@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”
  • Copy link
  • Flag this comment
  • Block
:PUA: Shlee moshed around and
:PUA: Shlee moshed around and
@shlee@aus.social replied  ·  activity timestamp 3 weeks ago

@james @stuartl What's upname?

  • Copy link
  • Flag this comment
  • Block
Joel Michael
Joel Michael
@jpm@aus.social replied  ·  activity timestamp 3 weeks ago

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

  • Copy link
  • Flag this comment
  • Block

bonfire.cafe

A space for Bonfire maintainers and contributors to communicate

bonfire.cafe: About · Code of conduct · Privacy · Users · Instances
Bonfire social · 1.0.2-alpha.7 no JS en
Automatic federation enabled
Log in
  • Explore
  • About
  • Members
  • Code of Conduct