When a payer makes a payment to a BSB and account number, Confirmation of Payee checks the details they’ve entered against the name, BSB and account number held by the recipient’s bank and gives the payer a match outcome. That helps the payer decide what to do next, e.g. continue with payment or check the account details with the recipient – and gives more confidence to the payer that the money they’re paying is going to the right account.