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 and the current account you’d like payments made into.

 

Receiver

Your friends will then be able to pay directly into your current account using just your mobile number – no sort codes or account numbers.

Sender

Using your existing mobile banking or payments app, select a friend’s number using your contacts or enter a mobile number manually.

Sender

You’ll be asked to confirm the name of the recipient. Once you’re happy, check the amount and press send.

Sender

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

Receiver

The money will appear in your account.

PayM