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In The Netherlans, but I suspect it is EU wide, they won't check the name at all when doing an ordinary transfer. And this is all banks.
by the-dude 10y ago
In The Netherlans, but I suspect it is EU wide, they won't check the name at all when doing an ordinary transfer. And this is all banks.
- yardie 10y agoYou mean the IBAN? We've used it to send money back and forth between people and companies all the time. For the most part it works. And if there is a dispute or error it can be reversed.
- LWdkw 10y agoNo. They do not check the name at all. They use the IBAN. They do not verify the IBAN against the corresponding name.
- deleted 10y ago[deleted]
- wichert 10y agoI doubt that would have helped here, since the bank itself did the matching and picked the wrong account. EU (IBAN to be exact) bank accounts do have a check digit, so typos tend to be caught and result in a transfer being blocked. More relevantly Dutch banks are going to add name checking in 2017 as an extra protection as well. The exact introduction date will vary per bank.
- PeterisP 10y agoWell, this is not a normal (customer initiated) transfer, that's seizing funds from an account by legal order, which is not really related.