TABLE OF CONTENTS

• Introduction 
• List
• EXACT account name: Teresa Tran and Associates
  • using "&" DOES NOT give exact match
• ANZ
  • correct
  • error
• CBA
  • correct
  • low level of matching of CBA
  • error
  • 20251002 that time cba had a crash
• Macquarie
  • correct
  • error
• NAB
  • correct
  • error
• WESTPAC
  • using "&" DOES NOT give exact match
  • error

Introduction 

From July 2025, banks across Australia will begin rolling out Confirmation of Payee. This added layer of security gives customers greater confidence when sending money.

https://www.ausbanking.org.au/scam-safe-accord/confirmation-of-payee/

https://www.auspayplus.com.au/solutions/confirmation-payee

List

EXACT account name: Teresa Tran and Associates

use Teresa Tran and Associates to get EXACT match response

Teresa Tran and Co only goes close approximation but its still okay. 

using "&" DOES NOT give exact match

ANZ

correct

teresa tran and co	teresa tran and associates

error

CBA

correct

teresa tran and co	teresa tran and associates

low level of matching of CBA

if you type the wrong account details and that wrong account details has the name of Teresa - then that is a risk

However, the risk of that is very low.

error

20251002 that time cba had a crash

Macquarie

note macquarie doesn't allow "&". It only allows words

the blue image will mean 

correct

account name: teresa tran and co it will produce a yellow warning message	teresa tran and associates it will produce a blue message saying the name is right

error

NAB

correct

teresa tran and co	teresa tran and associates

error

WESTPAC

teresa tran and co	teresa tran and associates you have to use "AND"

using "&" DOES NOT give exact match

error

this is what it looks like when you input wrong details (i wrote Teresa Phan here for our office account details to demonstrate. our account details is correct, just name wrong - should be teresa TRAN)