BACS

friolento

jbuchanangb said:

Whenever I pay tradesmen by bank transfer for any meaningful amount (over £50), I always set it all up, and make a low value payment such as £5 first, and check they have received it before transferring the balance. You hear too many stories of people who have made a mistake in the target bank account number, paid over £5,000, and then discovered it has gone into a black hole or somebody else's bank account. Nightmare to sort out.

I use the Confirmation Of Payee functionality. If my bank says that name, sort code and account number the tradesperson gave me, in writing, won't match, I am not sending any money. If it all matches, I am happy to send even big amounts. Sometimes my bank stops such payments, despite the match. It's a real pain when that happens as it often takes ages / hours to convince my bank's fraud department that I am not being scammed.......

badger09

lcooper said:

jbuchanangb said:

Whenever I pay tradesmen by bank transfer for any meaningful amount (over £50), I always set it all up, and make a low value payment such as £5 first, and check they have received it before transferring the balance. You hear too many stories of people who have made a mistake in the target bank account number, paid over £5,000, and then discovered it has gone into a black hole or somebody else's bank account. Nightmare to sort out.

I use the Confirmation Of Payee functionality. If my bank says that name, sort code and account number the tradesperson gave me, in writing, won't match, I am not sending any money. If it all matches, I am happy to send even big amounts. Sometimes my bank stops such payments, despite the match. It's a real pain when that happens as it often takes ages / hours to convince my bank's fraud department that I am not being scammed.......

Like you, I’m happy to pay even large amounts if COP shows a match. 

Last week I paid (only £50) to a local guy who dealt with a wasp nest for us. I assumed from his invoice that I was paying a business account but COP said it was a personal account. I changed my input to ‘personal’ & payment went through. 

WillPS

badger09 said:

lcooper said:

jbuchanangb said:

Whenever I pay tradesmen by bank transfer for any meaningful amount (over £50), I always set it all up, and make a low value payment such as £5 first, and check they have received it before transferring the balance. You hear too many stories of people who have made a mistake in the target bank account number, paid over £5,000, and then discovered it has gone into a black hole or somebody else's bank account. Nightmare to sort out.

I use the Confirmation Of Payee functionality. If my bank says that name, sort code and account number the tradesperson gave me, in writing, won't match, I am not sending any money. If it all matches, I am happy to send even big amounts. Sometimes my bank stops such payments, despite the match. It's a real pain when that happens as it often takes ages / hours to convince my bank's fraud department that I am not being scammed.......

Like you, I’m happy to pay even large amounts if COP shows a match. 

Last week I paid (only £50) to a local guy who dealt with a wasp nest for us. I assumed from his invoice that I was paying a business account but COP said it was a personal account. I changed my input to ‘personal’ & payment went through. 

A person can have either personal or business accounts (i.e. a sole trader). The correct option when setting up a payment either way is 'paying a person'.