Verification of Payee (VoP)
Which payments are affected by Verification of Payee (VoP)?
Are there any exemptions from VoP checks?
Are electronic transfers instructed with a future date also affected?
Is a VoP opt-out possible?
Are there any recommendations for payers (transfer initiators)?
Are there any recommendations for payers (transfer initiators)?
What is my risk as a professional issuing invoices?
What is my risk as a professional initiating transfers?
I am a business or institutional customer, and I want to opt out of the VoP. How do I do this? Can I opt in after opting out?
As a private individual, can I opt out of VoP?
I don't know the name of my account. What should I do?
Does VoP guarantee that my payment will reach the correct recipient?
Does VoP also apply to my payments to other countries?
Are standing orders affected by VoP?