Checklist for Verification of Payee in Incoming Payments

This document is a checklist for verifying payees for incoming payments, intended to assist users in ensuring compliance with the upcoming instant payments regulation effective October 5, 2025. It outlines several key actions that should be taken to prepare for these changes. The checklist includes ensuring the correct spelling of the company name as per the public directory, considering the use of a commercial name for verification purposes, and adapting invoice and transfer forms to reflect the correct payee name. Additionally, it emphasizes the importance of clear information on invoices and transfer forms to facilitate smooth processing. The document also mentions the legal requirement for banks to conduct Verification of Payee examinations starting from October 9, 2025, to prevent fraud. Regular evaluations of the name variants used by payers are suggested as a measure to assess the effectiveness of these preparations.