Britain record economy Britain

Bank transfer rules change today for anyone sending money to friends, family or businesses

Mirror, six of the UK's major banks, including Barclays and HSBC, have introduced new security checks for all customers who transfer cash to friends, family, businesses and other payees.

The new system, known as 'confirmation of payee', was first introduced in October 2018 and becomes law on Tuesday, June 30.It's part of efforts to clamp down on fraud which costs the UK economy more than £130billion a year.To make a transfer, you usually have to submit the recipient's account number and sort.

All the gossip from manchestereveningnews.co.uk

The website popstar.one is not a news writer, but just an aggregator. The site publishes announcements of the materials taken from the open sources. The news source is indicated at the beginning and at the end of the announcement. As a part of the fight against fakes, you can send a complaint on the news, and we will consider your complaint as soon as possible.

Related News

Breaking news
David Thewlis Reveals A Nick Cave Inspiration For ‘Barkskins’ & Clarifies He’s Na’Vi in ‘Avatar 3’ [Interview]
Katie Price ‘hopes son Harvey dies before her’ as doctors issue stark heart attack warning
Inside UK's secret sex dungeon for BDSM lovers to 'cater for almost every taste'