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Confirmation of Payee
Confirmation of Payee (CoP) is a new way to check who you’re transferring money to. Sending money using just a sort code and account number can be a stressful experience, especially as many transfers go to the recipient’s account within seconds.
In order to provide more reassurance, we’re launching a new service called Confirmation of Payee (CoP) that will ask you to confirm the recipient’s name as well. Participating banks will match it against the actual name on their account and provide you with a response. This is one of the many ways in which we’re working to keep you safe from fraud.
by
subsidiary of
Nomo by Bank of London and The Middle East plc (“BLME”) is a trading name of BLME. BLME is registered in England and Wales (no. 05897786), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME’s Financial Services Register number is 464292 and registered office is at 20 Churchill Place, Canary Wharf, London E14 5HJ.
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