Utilising PayID has become a popular deposit method due to its relative ease of use and lighting fast deposit times. Deposits via PayID are usually instantaneous assuming that your bank doesn't delay the transaction for their own fraud checking. Particularly, ANZ and Commonwealth Bank may delay your first PayID payment for up to 24 hours. However, usually this only occurs on the first transfer and any following deposits should be unaffected.
Depositing via Westpac, St George, Bank SA or Bendigo?
Unfortunately Westpac and all their subsidary banks have a bad habit of blocking PayID payments to Swyftx. Please use the POLi or Bank Transfer methods as alternatives.
If you have any further questions relating to your PayID deposit, please don't hesitate to contact us via live-chat.