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Those transactions always make me nervous - is there a reason they don't have a step of showing the account name when you input the number? Like, I type 31-45-7
by pbhjpbhj 6y ago
Those transactions always make me nervous - is there a reason they don't have a step of showing the account name when you input the number? Like, I type 31-45-76 0452768934 and it says "Mr & Mrs Y O Mama" or "Notafraud & Co. Ltd." or whatever, as a confirmation?
- IanCal 6y agoThat does exist now in the UK, I had it last time I sent money - I put in the name I expected and then it showed me the name on their account because they were a bit different. For companies there are present lists so I don't need to know most company details to send say gas bill payments.
- acta_non_verba 6y agoYou’ll be pleased to know we do now have this in the United Kingdom. It’s called Confirmation of Payee.
- Dobbs 6y agoWe have this for IBAN payments within the NL, I can't speak for the rest of the EuroZone.
- krageon 6y agoThe name check isn't universally supported, so it is better to say that it is strictly optional.