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In the Netherlands, the various banks have aligned on the IBAN Name Check originally developed by RaboBank. This system works pretty well. [1] https://www.rabo
by pieterr 6y ago
In the Netherlands, the various banks have aligned on the IBAN Name Check originally developed by RaboBank. This system works pretty well.
[1] https://www.rabobank.com/en/press/search/2018/20180523-ibannaamcheck-banken.html https://www.rabobank.com/en/press/search/2018/20180523-ibann...
- eythian 6y agoYes, I find the way ABN Amro implements this to be quite useful. If there's a mismatch between the name I entered and the account name, IIRC I'm required to confirm it before continuing. But it'll never stop me outright as mentioned in the article, which seems like generally wrong-headed approach.