CoP and the £1 test deposit

Ergates

Molehusband said:

Ergates said:

Molehusband said:

Ergates said:

Daliah said:

I rarely use CoP, for the reasons outlined by Reginald Molehusband.

Any payments to my own accounts use a fictitious payee name, in the format "My bank xxxx", where bank is obviously the (abbreviated) name of the receiving bank, and xxxx the last 4 digits of the receiving account number. I use this nomenclature even at banks which support nicknames (Natwest/RBS, VM) as I don't want to break my naming system. I only use the £1 method for accounts which require a Reference for the routing of payments, as sometimes I can't be sure I have got the correct Reference number. 

I do find CoP useful when paying a third party.

You always use CoP when setting up a new payee now.  You can choose ignore the reponse, but you can't choose not to use it.

No you're not always using CoP. You can only use CoP if the receiving account is registered for CoP and many of the accounts I use (especially those with Building Societies) are not registered for use with CoP. Secondly, from time to time CoP is not working due to technical problems and I get a message that the CoP check is temporarily down but the payee setup will continue bypassing CoP altogether.

You're still using CoP.  It may be that the first step in the CoP check determines that the FI that holds the account isn't registered with CoP, but that's still a CoP check.   

Ditto if, for some reason, the CoP system of the holding FI is down, you're still going through the process.

Nonsense. When the CoP system is down or my bank cannot connect to it, I cannot use it. Therefore my bank asks me if I want to go ahead and bypass CoP to which I normally say "yes". So I'm not using CoP.

Similarly if the account I am paying is not registered with CoP I am told this and similarly I will be asked if I want to bypass CoP and again I normally answer "yes". So again I'm not using CoP.

Since the majority of my payments are going to accounts not registered through CoP I am not using CoP to set up and make them

This scenario is similar to if you go to your car to travel somewhere and it won't start because it has a fault. Therefore if you still want to travel you will need to travel using another means (eg public transport or taxi) because you cannot use your car. You can't then claim that you are travelling using your car.

Yes you are.  Your bank still collects your payee details.  Your bank still sends a request for confirmation to the central operator (Pay.UK) who then redirect the request to the payee's bank.  That bank will then either return the appropriate response or Pay.UK will determine that the CoP system of the payee's bank is not available.  Pay.UK will then return a response to your bank who will interpret it, format it and display it to you.

You cannot "bypass" CoP at this point because *you've already been through it*.  What you are choosing to do with go ahead despite not having a positive response.

The exact same process will be followed if the payee's FI is not registered for CoP - except that Pay.UK would give that response directly without attempting to contact the payee's FI.  But again, by that point *you've already been through CoP* thus cannot bypass it.

Your car analogy is totally wrong.  A car is a means of transport, public transport and taxis are also means of transport.  CoP is not a means of setting up a payment, it is just a means of confirming that the name you've been given matches the name on the account.  For you analogy to work - if CoP was not available you'd have to use an alternative method to confirm the payee details - which you're not doing,  you're just deciding to go ahead without doing that.