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You cannot edit your payee's details due to bank secrecy.
this is beacuse of that payee had a restricted security for the purpose of confidentiality in privacy policies
This limitation is primarily driven by security and privacy concerns.
Due to Transparency Issue Nobody want to provide his personal information to other person
In online banking, you typically can't see or edit a payee's address or phone number because this information is not required for electronic transactions, such ... See More
it means that Bank has a relationship with that payee and me
First of all I would like to mention due to access limitation. In generally we can not because of Data Privacy regulation, Fraud prevention however it contains customer c ... See More
Protection of sensitive information: Banks may hide or restrict editing of payee details to prevent unauthorized changes or identity theft.
To keep my account safe
In online banking, payee details like address and phone number are typically non-editable for the following reasons: 1. Security: Restricting edits prevents unauthorized ... See More