Confirmation of Payee (CoP) is an account name-checking service that aims to reduce the risk of accidental or fraudulent payments being sent to the wrong account for UK domestic payments. It operates by verifying the name of the account holder you're intending to pay (payee) against the details held by their accounts service provider.
What is Confirmation of Payee (CoP)?
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Written by Olga
Updated over 3 weeks ago