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Wrong Transfer - Help!
in Budgeting & bank accounts
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But not yet available for payments from Chase.
Does Chase use Confirmation of Payee when I add a new payee?
No, but it's coming soon.
Does Chase use Confirmation of Payee when someone pays me from another bank?
Yes we do. If someone is paying you it's important to give them your full and correct account details, This way, they can get immediate confirmation that the payment is OK to send.
I still do it if the CoP fails for any reason.
I do find it curious though, that I doubt my ability to enter a 6 digit number and then an 8 digit number correctly.
Sadly a lot of front line staff have not idea on the number of internal accounts for things like this. Mostly for a very good reason. Payments in them have to be closely checked to make sure they go to the correct account & the internal account is balanced off.