version 26.6.3 · Self-Help · Printing~3 min read

Verify a supplier’s changed bank details before paying

An email saying ’our bank details have changed, please update them’ is the classic invoice-redirection scam. It costs businesses dearly because it looks completely routine.

  1. Treat any request to change a supplier’s bank details as suspect until proven otherwise.
  2. Phone the supplier on a number you already hold — not one from the email asking for the change.
  3. Speak to a known contact and confirm the new BSB and account number verbally.
  4. Watch the Confirmation of Payee name-check when you save the new payee — a no-match is a red flag.
  5. Make the first payment to new details a small one and confirm receipt before paying in full.
  6. Log who you verified with and when, so the change has an audit trail.

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