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1h ago

Deutsche Rentenversicherung Assures October Payments as EU Transfer Checks Begin

The insurer says it will bypass the new IBAN–name check for its bulk transfers to keep payments running as usual.

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Die Deutsche Rentenversicherung stellt klar: Trotz neuer EU-Regeln sind Rentenzahlungen sicher und werden weiter pünktlich überwiesen.
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Overview

  • From October 2025, banks must compare IBAN and recipient names for single consumer transfers, but this check is optional for mass payments and the Deutsche Rentenversicherung has opted out for its pension runs.
  • The authority labels social‑media claims of blocked October pensions as false and advises retirees to rely on official information channels for guidance.
  • Deutsche Post/Postbank will end cash pension payouts at the close of 2025, so payments must go to a bank account from December 2025 and all retirees will need an account in 2026; about 3,300 people still use cash pickup.
  • Affected recipients are being contacted with instructions and the “Antrag auf unbare Zahlung” form; transfers are free, and any short interruption for missing account details will be paid retroactively once resolved.
  • Retirees have a legal right to a basic payment account, typically costing about €5–€10 per month, or they can designate a trusted person’s EU/SEPA account; support is available via DRV hotlines, the VdK and BaFin if banks refuse accounts.