Verification of Payee (VoP)

Coming Soon: 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 between October 5th and 9th, 2025, 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• Misdirected payments due to mistyped or outdated account information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 our FAQs or PayRightNow.ie

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