How does it work?
First things first, you need to register your mobile number to the current account you want payments made into. But don’t worry, that’s easy.
To find out how to register, simply link through to your bank or building society from the ‘How to register’ section.
Then you’ll be good to go…
Before you use Paym, register your mobile number and the current account you’d like payments made into.
Your friends will then be able to pay directly into your current account using just your mobile number – no sort codes or account numbers.
Using your existing mobile banking or payments app, select a friend’s number using your contacts or enter a mobile number manually.
You’ll be asked to confirm the name of the recipient. Once you’re happy, check the amount and press send.
You’ll then receive confirmation that your payment has been sent.
The money will appear in your account.