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  1. 14 votes

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    Thanks for sharing this idea. We understand the request to verify that a payee’s bank account name matches the BSB and account number before making a payment. Having this check available in Xero could provide an additional layer of confidence when updating supplier details or processing payments.

    We’ve updated the status to Gaining Support so we can continue tracking community interest. If this would improve your workflow, add your vote and share how you’d like the verification to work.

    Ben Romanowski supported this idea  · 
  2. 13 votes

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    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.…
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    Ben Romanowski commented  · 

    This is a critical feature desperately required for us too

    Ben Romanowski supported this idea  ·