Verification of Payee
Make sure you are sending money to the correct payee. Verify the accuracy of the payment details before sending the payment.
Quickly
Safely
Without additional fees
Verification of Payee service
Before authorizing the payment, you can easily verify whether the name of the payee corresponds to the entered account number (IBAN). The verification takes place instantly in the payee's bank system, so the payment processing will not be delayed.
The new service is available free of charge for all clients – individuals, entrepreneurs, and legal entities – when making standard SEPA and SEPA instant payments.
How does the service work?
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Entering payment details: When entering the payment, in addition to the IBAN, you will also provide the name of the payee.
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Verification at the payee's bank: The system compares the entered details with the information stored in the payee's bank database.
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Result: Before confirming the payment, you will receive information about the verification result in the Tatra banka mobile application, Internet bankingTB and Business bankingTB: match, partial match, no match, unsupported service, verification not possible, or service unavailable.
Information about the Verification of Payee service and other changes in Business bankingTB
Recommendations for clients based on the verification results
| Verification results for the payee | Notification after payee verification | Recommendation for the payer |
|---|---|---|
| Match | Verification of the beneficiary name and IBAN was successful. | You can proceed with the payment. The entered information matches the details in the payee's bank. |
| Partial match | You entered <pôvodný názov>. Beneficiary name has been adjusted based on beneficiary bank records. | You can proceed with the payment. We have automatically corrected the payee's name for you. |
| No match | Name does not match beneficiary bank records. The payment might be credited to an incorrect beneficiary. | We recommend checking the entered details, or contacting the payee to clarify the payment information. Despite the mismatch, you can proceed with the payment. |
| Unsupported service | Beneficiary bank does not support name verification. The payment might be credited to an incorrect beneficiary. | The payee's bank does not support verification of the payee's name. We recommend checking the entered details. If you still wish to proceed with the payment, you can continue without verification. |
| Verification not possible | The name could not be verified for the provided IBAN. The payment might be credited to an incorrect beneficiary. | We recommend checking the entered details, or contacting the payee to clarify the payment information. If you still wish to proceed with the payment, you can continue without verification. |
| Service unavailable | Beneficiary name verification is temporarily unavailable. | We recommend repeating the verification. If you still wish to proceed with the payment, you can continue without verification, but the funds may be credited to the wrong payee. |
Frequently asked questions
According to the regulation of the European Parliament and the Council of Europe 2024/886 dated March 13, 2024, all banks in the Eurozone are required to provide the Verification of Payee service for SEPA standard payments and SEPA instant payments free of charge by October 9, 2025, at the latest. Banks outside the Eurozone must implement the Verification of Payee service no later than July 9, 2027.
The service is available when creating or changing a standing order; existing standing orders will be processed as they were entered.
- In the Tatra banka application, you can find the recipient's name in the Account Details. If you want to share the information, click the "Share IBAN" button and select "Payee Name".
- In Internet bankingTB, the recipient's name is available in the Account Details, section "Account Card".
- In the Business bankingTB application, you can find the recipient's name on the Account Details screen, in the "Account Owner" field.
The functionalities will be available from October 5, 2025.
For transfers to the account for Extra installment under the Accelerated installment service for the Consumer LoanTB, MortgageTB, or Home equity loanTB, the payee name must be "Tatra banka, a.s."
For transfers intended for the repayment of Consumer LoanTB, MortgageTB, or Home equity loanTB to an account whose number begins with the digits 625, the payee name must include the debtor's first and last name.
We recommend contacting the payee directly and asking them to provide you with the correct recipient name. You can then use the Verification of Payee service when entering payments.
The payee's name is typically included on invoices, QR codes, or in official payment documents.
Using diacritics and indicating uppercase and lowercase letters does not affect the outcome of the verification check.
https://www.tatrabanka.sk/en/personal/account-payments/payment-system/verification-payee/