Fintech
Confirmation of Payee
A UK check that warns you, before you send a bank transfer, if the account name doesn't match the name you entered.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
Confirmation of Payee flagged that the name didn't match.
Why it matters to you.
If it says the name doesn't match, stop and check by phone. That warning catches a lot of fraud.
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