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DRV Says Pensions Unaffected by New EU Transfer Checks

The insurer is using the bulk-payment opt-out to keep disbursements flowing despite IBAN–name checks.

Overview

  • From October 9, banks must verify IBAN–name matches on single transfers, but the DRV’s mass pension runs are exempt from the check.
  • Officials label social-media posts warning of blocked October pensions as false and urge queries to official DRV channels.
  • The Postbank cash payout service ends at year’s close 2025, requiring beneficiaries to provide bank details by December for bank transfers from then on.
  • People unable to open a standard account have a legal right to a basic account, which typically costs about €5 to €10 per month, or they can designate a trusted person’s EU/SEPA account.
  • If no account is reported by the deadline, payments can pause briefly but all accrued amounts are later transferred, and from December 2025 certain disability-pension supplements will be paid together with the monthly pension under a revised calculation.