Everything You Need to Know About Payee Account Numbers

Payee account numbers are unique identifiers assigned to a specific bank account, allowing you to send and receive payments securely. This number is usually a combination of numbers and sometimes letters, and it's essential to have it correct to avoid any issues with transactions.

A payee account number can be found on a bank statement, check, or online banking platform. It's also known as the routing transit number (RTN) or the account number.

To ensure accuracy, it's crucial to verify the payee account number before making a payment. A single mistake can lead to a rejected transaction or, worse, a loss of funds.

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Confirmation is a service used to protect businesses against common scams, including authorised push payment fraud.

It matches the payee's name with that on the account, which can be done for online payments, mobile payments, and in-person transactions between UK bank accounts.

The bank runs some basic checks to make sure the account details provided match those held by the payee.

If the account and name don’t match up for some reason, it might simply mean that the account number and sort code was entered incorrectly.

If there’s no match found and you continue with payment, you run the risk of the money being paid into the wrong account.

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Adding a payee is a straightforward process. To begin, you'll need the official payee name and payee account number, which can be found on a bill or statement.

You can find the official payee name on a bill or statement, and it's essential to use this exact name to avoid any issues. Type the name into the Payee Name field, and matching payees will begin to populate.

To add a payee, you'll also need the account number, which is typically found on a bill or statement. Fill in the Account Number field with the payee's account number.

Here's a quick rundown of the required fields:

Once you've entered the required information, select the Add payee button to add the payee to your list. A message will appear confirming that your new payee has been added.

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To add a Canadian payee, you'll need the official payee name and payee account number, both of which can be found on a bill or statement.

Go to the Accounts page on EasyWeb and select the Pay Bills button on the left menu, as you would when starting the process.

Select the Add payee button on the Pay Canadian Bills page, which is where the fun begins.

To add a payee, you'll need to type their official name into the Payee Name field, which can be found on a bill or statement.

The system will start to populate matching payees as you type, making it easy to find the right one.

If you can't find the name, try entering related keywords in the field and select the Search button to the right.

Once you've selected your payee name, an Account Number field will appear below it, where you'll need to fill in the account number from the bill or statement.

Your account number is usually found on a bill or statement you've received from the company.

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To edit a Canadian payee, you'll need to find the payee you want to change on the Manage Payees page.

Select the Manage Payees button to access the list of your payees.

You can edit a payee's account number by entering a new number into the Payee Account field.

To add or change your personalized label for a payee, enter your desired name in the optional Description field.

Once you're done making changes, select the check icon in the top right corner of the screen.

Alternatively, you can select the Edit button to the right of the payee name to make changes to the account number and personalized label.

From the edit page, you can also change the account number by entering your new number into the Account Number field.

You can also change your personalized label for a payee by entering your new name in the My Payee Name field.

After making changes, you'll be able to pay the payee you've just edited, or another payee on your list by selecting the Pay bills button.

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If you're looking to add a payee for internal account transfers, you'll need to select the Internal option in the Account Type field.

To create an internal payee, you'll need to capture basic information about the payee, including their account and branch details.

Select the Internal option in the Account Type field to get started.

The Payee Name field is where you'll enter the name of the payee for identification.

You'll also need to enter the payee's account number in the Account Number field.

In addition to the account number, you'll also need to enter the payee's name in the Account Name field.

A nickname can also be entered in the Nickname field to help identify the payment destination.

You'll need to select the appropriate Access Type for the payee from the available options.

Here's a quick rundown of the required fields for creating an internal payee:

Once you've entered all the required information, click the Add button to add the payee.

Domestic Transfer is a convenient way to transfer funds to an account within the same country. To create a payee for domestic account transfer, you need to provide the payee's details.

You'll need to select the Domestic option as the type of account associated with the payee. This option is available in the Account Type field. The payee's name should be entered in the Payee Name field for identification purposes.

The Account Number field requires the payee's account number, while the Account Name field should contain the payee's name as it appears in the bank account. You'll also need to specify the payment network using which the payment will be processed.

Domestic Networks are configurable, and NEFT, RTGS, and IMPS are displayed as per the India region configuration. The IFSC /Bank Code is also required, which can be entered in the IFSC Code field or selected from the lookup.

Here's a summary of the required fields:

After filling in the required fields, you can click Add to add the payee. The Review screen will appear, where you can verify the details and click Confirm to proceed.