Bank name wrong on transfer?
Hello, I just sold something through a classified ad. The buyer transferred the money via bank transfer, but I stupidly gave him the correct IBAN but the wrong bank name from my other account (Volksbank). Will the money still arrive even though the account is at a different bank?
The name of the bank is not stated at the transfer, the right IBAN is important.
Since the IBAN also contains the name of the bank, nix can happen.
Yes, but the bank is now the wrong bank. Will that be corrected?
Thanks in advance
Yeah, the IBAN and not the bank name is crucial, maybe there is a question…
The computer only reads the number, not the name. People don’t look at transfers anymore.