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What is Confirmation of Payee?

CONFIRMATION OF PAYEE – ADDITIONAL NAME CHECKS WHEN MAKING PAYMENTS​

To help prevent fraud and reduce the risk of scams being successful, like other UK banks and building societies, we will check that the name on all Faster Payments and CHAPS payments matches the name of the account to which the payment is being made.

This change is known as ‘Confirmation of Payee’ and will allow anyone making a payment the opportunity to check that the payment is genuine and stop incorrect/fraudulent payments being made.

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