Confirmation of Payee
Confirmation of Payee is a is a security feature designed to add an extra layer of protection against fraud, scams, and accidental payments. It is an initiative of Australian Payments Plus, the same organisation that also provides trusted payment services like BPAY ®, Osko ®, EFTPOS ®, PayID ® and PayTo ®.
How it works
Before a payment is made, the service verifies whether the account details you’ve entered, such as the account name, BSB, and account number match the information held by the recipient’s bank.
The outcome of this match will be displayed, helping you confirm that you’re paying the correct person or business before proceeding with the transaction.
Match outcomes
Match
The details you've entered match the bank records of the intended recipient.
Close match
The details you've entered closely match the bank records of the intended recipient.
No match
The details you've entered do not match the bank records of the intended recipient.
Error
The service could not confirm if the account details you've entered match.
Coming soon for BankVic members
Confirmation of Payee is expected to be available for outbound payments through BankVic in October 2025.
We will be providing more information, tutorials, and FAQs as we get closer to the service being available at BankVic.