When making a bank transfer, always check the verification of the beneficiary’s name. This is an automatic check to ensure that the name you enter alongside the account number is indeed that of the account holder. You can see this by the colour of the icon next to the recipient’s name:
If the icon is green, the name matches the account number you have entered.
If the icon is yellow, the name looks similar, so it’s best to double-check.
If the icon is red, this means the name does not match the account number, and you should contact the person or company you intend to pay.
