What happens if the bank doesn't support Confirmation of Payee (CoP)?

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Written by Currencies
Updated 5 months ago

You will be notified if the recipient’s bank does not support CoP. You can still proceed with the payment, but we recommend verifying the details with the payee directly to minimise the risk of error.

We recommend that these details are verified verbally with the beneficiary, either over the telephone or in person, as emails can be intercepted and bank details changed.

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