Verification of Payee will initially only be available for RBS International bank accounts held in Luxembourg
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What is Verification of Payee?
Verification of Payee (VOP) is a pre-payment check, confirming a payee's name matches their bank account details before a payment is made.
This service will be used in the Single Euro Payments Area (SEPA) for:
- SEPA Credit Transfers (SCT)
- SEPA Instant payments
The European Payments Council has announced the launch of VOP in the SEPA, scheduled for 5th October 2025.
From this date, RBS International will offer the service for accounts held in Luxembourg. Other jurisdictions within the SEPA will be rollout out in due course.