Verification of Payee Information

Coming Tomorrow Wednesday 8th October 2025: Verification of Payee (VoP) – A New Layer of Protection for Your Payments

Protecting your money and giving you peace of mind is our top priority. That’s why we’re introducing a new security feature called Verification of Payee (VoP) — designed to help prevent fraud and make sure your payments go exactly where they’re supposed to.

Starting Wednesday 8th October, VoP will be activated across all our payment channels — including online banking, our mobile app, and in-branch transactions.

What is VoP and how does it help?

Verification of Payee (VoP) is a new name-checking service that confirms the name you entered when you set up a payee matches the name on the recipient’s bank account. If there’s a mismatch, you’ll be alerted before a payment goes through. This helps prevent:

• Fraudulent payments to scammers or fake accounts
• Misdirected payments due to mistyped or outdated account information

VoP is being introduced across the financial industry as part of the Instant Payments Regulation, a new initiative designed to make digital and real-time payments safer for everyone.

If you want to learn more and avoid any potential VoP disruption, check out the PayRightNow.ie

This is a small change that brings big benefits — protecting your finances and helping you transfer your funds with greater confidence.