New payment question

Just paid someone today and saw this for the first time:

What if you don’t know? I’m concerned that this question is similar to the PayPal one that gives you fewer rights I you say friends and family? What is the purpose of it?

At a guess it’s part of confirmation of payee

Do you get different messages depending which option you pick?

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Nope. Unless I didn’t notice. I didn’t scroll down to check (I have an iPhone small edition so most important information is “below the fold”).

EDIT: just checked. Same message each option.

I tried it as well and nothing

Might be to check you’re not being scammed thinking you are sending to a legitimate business when it’s actually going to a personal account. That seems to happen when a company has its email hacked

If so then very handy

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