Frequently Asked Questions
What is Confirmation of Payee (CoP) ?
Confirmation of Payee (CoP) is an industry-wide service and an initiative of Australian Payments Plus (AP+) and the Australian Banking Association (ABA).
Confirmation of Payee is an additional check completed when payments are sent to another bank using account number and BSB.
It works by checking that the account name entered for the payment matches the details held by the receiving bank.
Confirmation of Payee is an additional check completed when payments are sent to another bank using account number and BSB.
It works by checking that the account name entered for the payment matches the details held by the receiving bank.
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