With Confirmation of Payee, you will be prompted to check if the account name and account number match before making a payment. This reduces the risk of making a mistake and paying the wrong person and can help to avoid scams.
Confirmation of Payee
Will apply to domestic payments made between New Zealand bank accounts when you are:
Setting up a new account to pay
Making a one-off payment
Editing an existing account to pay online
The service will provide a check to compare the name a customer enters against the actual name of that account, and provide a response of:
- Match
- Partial match
- Not a match
- Or an error message that we're unable to complete a check
It’s then up to the customer to decide whether to proceed with the payment or not.