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…

Receiver

Before you use Paym, register your mobile number with your bank, building society or payment provider and nominate the account you want to link it to.

 

Receiver

Your friends can then pay directly into your account using just your mobile number – no sort codes or account numbers.

Sender

Using your provider’s existing mobile banking or payments app, select a friend’s number using your contacts or enter a mobile number manually. You can send payments to anyone who has registered for Paym, even if their account is with a different bank or building society.

Sender

Every time you send a payment, Paym lets you verify the name of the recipient before you confirm the payment, so you can check you’re sending money to the right person.

Sender

You’ll then receive confirmation that your payment has been sent.

Receiver

The money will appear in your account.

PayM