PayID is an easy-to-use deposit method that lets you make safe payments directly to Swyftx without the need for a card.
Deposits must come from a bank account registered under the same name as your Swyftx account. We accept deposits from joint accounts as long as your name is listed on the account.
PayID deposits are available for Australian customers only. For information about depositing New Zealand dollars, please visit our support article, Deposit New Zealand dollars.
How to deposit funds with PayID
Deposits must be made from a bank account under the same name as your Swyftx account.
App
Step 1: Find your PayID address for your Swyftx account
From the
Dashboard, select Deposit, then select Australian dollars.Select PayID as the deposit method.
Enter the amount you want to deposit.
Copy the PayID (email address) from the deposit information.
Step 2: Make a new deposit from your bank
Log into your bank.
Create a new payment via PayID (or pay someone using an email address).
Enter the email address found on the deposit screen.
You can enter anything you like in the reference field for your records, as it won't affect the transfer on our end.
Enter the amount you want to send to complete the transfer.
Web
Step 1: Find your PayID address for your Swyftx account
Expand the side menu and select
Deposit & Withdraw.Select a currency from the list.
Select PayID from Deposit methods.
Copy the PayID (email address) from the deposit information.
Step 2: Make a new deposit from your bank
Log into your bank.
Create a new payment via PayID (or pay someone using an email address).
Enter the email address found on the deposit screen.
You can enter anything you like in the reference field for your records, as it won't affect the transfer on our end.
Enter the amount you want to send to complete the transfer.
Deposit times
Usually instant, subject to your bank’s internal checks.
Deposit delays
Your first PayID deposit can take up to 24 business hours to arrive in your Swyftx account due to banks' security measures.
Additionally, most banks now impose a 24-hour hold on deposits to crypto trading platforms. This is the banks' internal procedure, regardless of whether you've deposited into Swyftx before.
If your deposit is delayed:
Check the deposit in your online banking. If it shows as 'Pending,' it is still with your bank.
Call your bank to enquire about the delay.
Banking business hours do apply. If, for example, you make a deposit on a Friday or over the weekend, it's likely to arrive on Monday.
Limits
No minimum deposit amount.
Fees for PayID deposits
$0
There are no fees for PayID deposits.
Your financial institution may charge a fee.
Verification
We may ask you to complete further verification after depositing.