Skip to content

When changing Financial Institutions, should I transfer my PayID or simply close it and recreate it?

If you transfer your PayID you will be able to receive NPP payments whilst the transfer process is taking place. If you decide to close and then re-create your new PayID you will not be able to receive NPP payments whilst the PayID is closed and anyone making payments to your PayID during that time will be notified by their financial institution that the payments cannot be made.

PayID FAQs