Hi team, we appreciate wanting a direct feature within Contacts in Xero that helps verify a contact's bank account details when entered.
Being open this isn't something we have plans for at this time, however I'd like to highlight existing features that may meet some of the needs here.
You can use the Assurance Dashboard to check contact details that have been edited that can help with identifying errors or potential fraudulent activity.
For those using online bill payments there are also some verifications as part of this process;
Australia with AirWallex - Each payment is subject to a Confirmation of Payee (CoP) check, verifying that the account details match the bank’s records.
UK with Crezco: CoP may be applied by the bank; the payee name in Xero must match the name held by the bank.
US with Melio: Melio verifies supplier payment details when first entered and saves them. Its Supplier Network also contains pre-verified businesses.
We appreciate these standalone features don't expand to the full list of Contacts as requested here, nor at the time of contact entry, or as a periodic check or view of date last updated. This is something we'll continue to keep a close watch of interest of here.
Hi team, we appreciate wanting a direct feature within Contacts in Xero that helps verify a contact's bank account details when entered.
Being open this isn't something we have plans for at this time, however I'd like to highlight existing features that may meet some of the needs here.
You can use the Assurance Dashboard to check contact details that have been edited that can help with identifying errors or potential fraudulent activity.
For those using online bill payments there are also some verifications as part of this process;
Australia with AirWallex - Each payment is subject to a Confirmation of Payee (CoP) check, verifying that the account details match the bank’s records.
UK with Crezco: CoP may be applied by the bank; the payee name in Xero must match the name held by the bank.
US with Melio: Melio verifies supplier payment details when first entered and saves them.…
That would help prevent payment risks. Regular reminders to verify supplier bank details can save a lot of trouble later. Similar to how people use salik balance check by plate number to confirm toll status quickly, simple verification tools improve accuracy. Maybe consider adding scheduled review alerts or confirmation prompts. click here to read more:https://checksalikbalanceae.com/
That would help prevent payment risks. Regular reminders to verify supplier bank details can save a lot of trouble later. Similar to how people use salik balance check by plate number to confirm toll status quickly, simple verification tools improve accuracy. Maybe consider adding scheduled review alerts or confirmation prompts. click here to read more:https://checksalikbalanceae.com/