What is Confirmation of Payee?  

Confirmation of Payee is an industry-wide service that provides a new layer of protection against scams and mistaken payments. ​ ​

When you initiate a payment to a payee using a BSB and account number, Confirmation of Payee matches the bank account details you’ve entered, including the account name, with the details held by the recipient’s bank. It then displays a match outcome.  ​ ​

That helps you decide what you want to do next – and helps you be more confident that the money you’re paying is going to the right account.

Learn more about Confirmation of Payee.