Validate an account name (CoP)
The Business API lets you use Confirmation of Payee (CoP) to check that the account name of a UK counterparty matches that counterparty's account number and sort code when adding a counterparty or making a payment to a new or existing counterparty.
Confirmation of Payee is an account name checking system in the UK that helps clients to make sure payments aren't sent to the wrong bank or building society account.
This functionality is only available to UK-based businesses.
You can make checks for both individual counterparties (UK personal accounts) and companies (UK business accounts), provided that their bank and account type support CoP.
The CoP check does not protect you against all kinds of fraud. It only checks if the name you provided for an account matches that account's details.
Even if the counterparty's details match, you should still exercise due caution when transferring funds.
The number of checks is limited to:
- 60 validations per minute per business, and
- 10000 validations per day per business
If you need to increase these limits, please contact our API Support team.
If you would like to make use of this functionality:
Send an email to Revolut API Support