MoneySavingExpert News
2020

Millions are now being told when making a bank transfer online or by phone if the name of the person they think they're paying doesn't match the actual name on the account. The new 'Confirmation of Payee' scheme is designed to combat scammers and guard against customer errors – and while not all banks have the system in place, if yours has, you'll likely see it next time you set up a new payee.
12 July 2020
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