If you’ve been picking up the bill for your friends at the pub, cafe or when they’re short a few dollars…here’s a new App to help the money come back the other way.

With new research showing that Australians are out of pocket to the tune of 6.2 billion dollars in ‘mate deb’, CBA, NAB and Westpac have collaborated on a new instant payment system called Beem it.

This App it gives you the ability to request and receive money and split bills with anyone, no matter who they bank with.

Beem it is available for iOS and Android Devices.