What is it
Confirmation of Payee is an industry-wide service that matches the bank account details entered by a payer with the account details held by the recipient’s bank and displays a match outcome to the payer. Helping you to avoid scams and giving you confidence that your money goes where you intend it to.
Confirmation of Payee is an initiative of Australian Payments Plus (AP+) the team behind BPAY®, Osko®, eftpos®, PayID®, and PayTo®.
How does it work
When sending money to a BSB and account number, Confirmation of Payee lets you know if the account details you’ve entered match the account details held by the recipient’s bank. If the details don't match, you can go back and confirm the details with the recipient.