Starting October 9, 2025, the “Verification of Payee” (VoP) service will be rolled out for all euro transfers made within the SEPA zone.
This system aims to enhance payment security: before executing a transfer, the bank automatically checks in real time that the information entered by the beneficiary (name and IBAN) matches the information stored with the beneficiary’s bank.
In the event of a discrepancy or partial match, an alert message will be displayed. It will then be your responsibility to verify the data and decide whether or not to confirm the transfer.