Verification of Payee

Make sure you are sending money to the correct beneficiary. 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 beneficiary corresponds to the entered account number (IBAN). The verification takes place instantly in the beneficiary'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?

Entering payment details: When entering the payment, in addition to the IBAN, you will also provide the name of the beneficiary.
Verification at the beneficiary's bank: The system compares the entered details with the information stored in the beneficiary's bank database.
Result: Before confirming the payment, you will receive information about the verification result in the Tatra banka mobile application, Internet banking^TBand Business banking^TB: match, close match, no match, unsupported service, verification not possible, or service unavailable.

Information about the Verification of Payee service and other changes in Business banking^TB

Recommendations for clients based on the verification results

Verification of Payee results	Verification of Payee notification	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 beneficiary's bank.
Close match	You entered *<original name>*. Beneficiary name has been adjusted based on beneficiary bank records.	You can proceed with the payment. We have automatically corrected the beneficiary'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 beneficiary 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 beneficiary's bank does not support verification of the beneficiary'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 beneficiary 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 an incorrect beneficiary.

Frequently asked questions

1. Why is the bank introducing the Verification of Payee service?

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.

2. Is the service available for standing orders as well?

The service is also available when creating or changing a standing order. Existing standing orders will be processed as they were submitted; there is no need to add the beneficiary name to them.

3. How can I find out what beneficiary name is associated with my account?

In the Tatra banka application, you can find the beneficiary's name in the Account Details. If you want to share the information, click the "Share IBAN" button and select "Beneficiary name".
In Internet banking^TB, the beneficiary's name is available in the Account Details, section "Account business card".
In the Business banking^TB application, you can find the beneficiary's name on the Account Details screen, in the "Account owner" field.

The functionalities will be available from October 5, 2025.

4. What beneficiary name should be used for accounts designated for loan installments?

For transfers to the account for Extra installment under the Accelerated installment service for the Consumer Loan^TB, Mortgage^TB, or Home equity loan^TB, the beneficiary name must be "Tatra banka, a.s."

For transfers intended for the repayment of Consumer Loan^TB, Mortgage^TB, or Home equity loan^TB to an account whose number begins with the digits 625, the beneficiary name must include the debtor's first and last name.

5. What if I do not know the beneficiary's name to whom I am sending the payment?

We recommend contacting the beneficiary 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 beneficiary's name is typically included on invoices, QR codes, or in official payment documents.

6. Do I need to use diacritics when writing the beneficiary's name?

Using diacritics and indicating uppercase and lowercase letters does not affect the outcome of the verification check.

7. How to correctly fill in the beneficiary's name in the case of a payment to an individual's account and in the case of a payment to a legal entity's account?

In the case of payments to the account of an individual, please provide the first and last name; in the case of payments to the account of a legal entity, please provide the name of the company including its legal form.