It also won apply on international payments.Confirmation of payee and how it will workDWP loses universal credit appeal against 4 single mums with 85,000 more people affectedTo make a transfer after June 30, you will have to enter the payee sort code, account number and a payment reference as standard. You also have the option to submit their name which will have to be exactly as it appears on the card.Your bank will then ask you to enter the type of account you paying personal or business.It will then check the records of the payee bank account to see if the name matches.You then get one of the following responses:If you used the right account name, you will get confirmation that the details match, and can go ahead with the payment If you used a similar name to the account holder, you will be told the actual name of the account holder to check. You can update the details and try again, or contact the intended recipient to check the details If you have entered the wrong name for the account holder you will be told the details do not match and advised to contact the person or organisation you are trying to pay.

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