his article will walk through how to send and add a payee in Australia using the Local Network.
A payee can be any other stakeholder to whom you are trying to send funds (e.g., a vendor, employee, contractor, or a personal account of yours to which you wish to send funds).
If you are looking to send an international wire to Australia using the Swift Network, please see: Sending an international wire through the Swift Network.
How to add a payee in Australia through the Local Network:
- Sign in to your Relay account.
- Navigate to the Payments tab, then select Payees from the drop-down menu.
- Click New Payee at the top-right corner of your screen.
- In the pop-up modal, fill in the necessary payee information (nickname, email address [optional], account classification, and default memo).
- Select the payee's payment method in this case, you will select International Wire (Local Network). Additional payment methods can be added later.
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Fields will prompt you to enter the payee's account information. Since the payee is from Australia, the required information will be:
- Payee’s full name
- Payee’s full address
- Account number
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BSB Code
- Please be sure to confirm these details with the payee directly, to ensure that payments are sent to the right account.
- If you've entered your payee's email address, you can also opt to send a request to the payee to enter their account details themselves. For more information on this, please see Requesting payment information from payees.
- When finished, click Create Payee. You can now send payments to your payee.
Please note:
- Your Payee's Recipient Address for Domestic and International Wires must be a valid physical address and cannot be a PO Box.
- You can also create a payee while sending a payment. When sending a payment following the steps outlined in the articles linked above, the first step is selecting your payee. You can also create a new payee during this step if you haven't added your payee to Relay yet.
- At this time, the ability to create payees and send international wires through the Local Network is not available on the mobile app.
What are account numbers and BSB Codes?
- Account number: 3-9 Numeric Characters
- BSB Code: The BSB code is a six-digit number used to identify the individual branch of an Australian financial institution.