However,
Checking name beneficiary: what changes:
The Holy Father asks you to make an urgent transfer to release him from a. Meanwhile, prison in Guatemala? Nevertheless, In the fall. Furthermore, your bank will be able to confirm that Léon XIV is probably not the holder of the account to which you are about to send 15,000 euros.
This novelty is the verification of the name of the beneficiary … Meanwhile, and it comes into force free of charge next October.
Better protect customers from errors. Therefore, scams – Checking name beneficiary: what changes
When you make an online transfer, you fill two things: an account number (called IBAN) and a beneficiary name. Therefore, So far, only the series of figures was really counting. Moreover, This means that in the event of an error or attempted fraud, your money could leave … Meanwhile, to the bad person, even if the name did not correspond.
From October 9, 2025, this will change. checking name beneficiary: what changes The banks will gradually set up an automatic verification of the name of the beneficiary. Concretely, if the name and account number do not correspond, you will receive an alert message before confirming the transfer.
How does it work exactly? – Checking name beneficiary: what changes
Rest assured, you won’t have anything to do. “” When you enter a new transfer in your application. on the site of your bank, it will send a verification from the recipient’s bank Explains Charline Gorez. The system will check if the name and the Iban correspond.
Four situations are then possible:
- The name corresponds: everything is fine, you can validate the transfer.
- The name looks like but is not exactly the right one: you may be faced with a typo. a small error. Your bank will then point out the recorded name of the beneficiary.
- The name does not checking name beneficiary: what changes correspond at all: you will receive a clear warning. You can always send the money. but you will be warned of the risk that the amount is going to a bad person.
- If the account belongs to a company, the exact name of this company will appear to help you check.
A warning tool, not a barrier
Important to know: this verification is there to help you, not to block your transfers. “” It is you who will decide. with full knowledge of the facts, if you want to correct an error or maintain payment “Specifies the spokesperson for Febelfin.
Like today, you are still responsible for your transactions. The tool acts as a benevolent alert, to avoid unpleasant surprises.
A free. progressive measurement
This verification will be completely free and gradually introduced by Belgian banks until October 9, 2025, when it will become compulsory. “” Exceptions are possible: sometimes, for technical reasons, verification may not checking name beneficiary: what changes succeed. In this case, your bank will also inform you “Warns Charline Gorez.
One more step against fraud
With the increase in online scams. fraud in the transfer, this measure reinforces confidence in electronic payments. A concrete way of preventing crooks from taking advantage of usurped errors or identities to divert money.
To go further:
Further reading: Legend of Napoli and Belgium, Dries Mertens puts an end to his career – The right to protest again threatened in Belgium – Pensions reform: The government wants to reduce the consideration of assimilated periods, what exactly is it? – King Philippe met refugee Chileans in Belgium during the Pinochet dictatorship – How much does a house or an apartment cost near you? Two cards to understand the evolution of real estate prices in Belgium.
