Overview

• Customer reports describe frequent warnings or rejections, including for self‑transfers, typical invoice recipients, joint accounts and long company names.
• Banking groups acknowledge technical faults with umlauts and special characters, and some institutions advise avoiding symbols like the ampersand in payee fields.
• Tolerance for “Close Match” differs by institution, producing uneven results and, in some cases, partial name disclosures that raise data‑protection questions.
• Senders can override warnings to complete payments, but liability stays with the customer if the name and IBAN do not properly match.
• The requirement currently covers domestic and euro‑area transfers with EU‑wide expansion planned, and banks cite rate limits and fraud detection to curb mass data harvesting.