Protect Your Money: Test Payment & Add A Trusted Payee

In today’s digital banking environment, staying vigilant against fraud is more important than ever. That’s why we’ve introduced a multi-step process designed to protect your funds and help you build trust with your payees. 

One of the key features is Test Payment & Trusted Payee - a simple but powerful way to make sure your money is going exactly where you want it to go. 

Why Do a Test Payment? 

*Only applies to GBP payments made within the UK

When sending over £110 to a new payee, you’ll first be asked to make a small test payment. This extra step allows you to confirm the recipient’s details and ensure the funds are going to the right person. It’s especially helpful when sending money to someone for the first time or when transferring larger amounts. 

Why Add a Trusted Payee? 

*Only applies to GBP payments made within the UK

Marking someone as a Trusted Payee ensures that future transactions with them won’t require initial verifications like test payments. This feature is especially useful for recurring transfers to family, business partners, or vendors you know well. 

But before you can do that, we guide you through a secure multi-step verification process to ensure everything is in place. 

How to Send Money and Add a Trusted Payee  

Follow these steps to securely send funds and add a payee you trust: 

At iFAST, we’ve built this into our flow because fraud prevention starts with giving you more control at critical moments. 

Whether you’re sending money to a loved one, a supplier, or a new contact, take the time to follow the process. It’s a small step that makes a big difference in protecting your hard-earned money. 

iFAST Global Bank – Banking Without Boundaries