We’ve introduced a name checking service called Confirmation of Payee (CoP). It aims to protect against Authorised Push Payment scams and reduce the number of payments which are made by mistake.
When you make a one-off payment, set up a regular new one or amend an existing payment, it lets you check you’re paying the right person or business. That way, you can see if the name matches who they say they are.
CoP also allows a person or business sending you a payment to check whether your name matches your account.
How does name checking affect payments I’m sending?
We’re already responding to requests sent by other banks for payments you’re receiving. We’re also requesting CoP checks for payments you’re sending to other banks.
You’ll see this new feature whenever you’re making payments from UK personal or business accounts.
CoP applies to payments made online, on our mobile app, by phone and in a branch, using faster payments or CHAPs.
It doesn’t apply to payments that are not in pounds sterling.
Sending payment: you’ve used the correct account type and account name so you can go ahead and make the payment.
Receiving payment: the person sending the payment has used your correct account type and account name so they can make the payment.
Sending payment: you’ve used a similar name. We’ll share the actual account name with you and confirm whether or not the account type is correct. You can then decide whether to make the payment or check with the person or business you’re paying.
Receiving payment: the person making the payment has used a similar name. We’ll share your actual account name with the sender’s bank and confirm whether or not the account type is correct for them to pass on to the sender. The sender can then decide whether to make the payment or check with you.
Sending payments: the receiving bank has advised that the details you’ve entered don’t match the name held on the account. You should check with the person you're paying before going ahead - but you can decide to make the payment without checking. If you contact someone you’re trying to pay, make sure you call a trusted number that you know is genuine.
Receiving payment: the person paying you can decide to go ahead without checking - so you might receive the payment anyway.
Payee account is not supported/Unable to check name
This means we can’t do a Confirmation of Payee check. Either the bank you’re sending the money to doesn’t do CoP checks, or the type of account you’re sending the money to doesn’t support these checks. It can also mean that the person you’re paying has switched their account to a new one.
There might also be a technical issue which means do a Confirmation of Payee check. You’ll see a response saying there’s a systems problem and recommending you try again later.
Payee account details are invalid/Account not found
This means the account number and/or sort code are incorrect. In this case, you won’t be able to make the payment and should contact the person or business you’re trying to pay to get the correct details.
If you do make a payment where there’s no exact match, you’ll need to accept that your money could go to the wrong account and you may not get it back.
What should I do to help anyone paying me?
Is your account for personal use or for your business?
Is the name they're inputting correct?
What is an Authorised Push Payment?
How do APP scams work?
An APP scam is when a fraudster tricks victims into sending money to someone it’s not intended for. Sometimes they send money to someone for what they thought was a genuine purpose, but was actually fraudulent.
Payments related to APP scams can be made over the phone, online or in person and most are completed instantly.
We’re working closely with other industry partners to introduce the new CoP service in a consistent way.
Benefits of name checking
The Confirmation of Payee service gives you greater security when you’re making payments.
It helps to protect against APP scams, which aim to trick you into authorising a payment to an account you believe is genuine – but is in fact controlled by a criminal.
With name checking, you can make sure the name of the person or business you’re paying matches the name held on the account.
Here are some other warning signs which may mean you’re being targeted by fraudsters:
- payment requests being received from someone you don’t know
- being put under pressure to make a payment
- changes being made to the details on account you’re paying
- being asked to continue with a payment even though the details don’t match
There are a number of organisations who can provide help and give advice about Confirmation of Payee.
- UK Finance - https://www.ukfinance.org.uk/confirmation-of-payee
To help you protect yourself from scams and fraud, we've committed to continue working with other banks and regulators on Confirmation of Payee. In June 2021, HSBC UK signed a letter to the Payment Systems Regulator setting out our commitment.