Europe
Overview
Local EUR accounts from SEPA (Single Euro Payments Area) countries can be verified via the Verification of Payee (VoP) scheme, faciliated by the European Payments Council.
| Attribute | Details |
|---|---|
| Transfer method | LOCAL |
| Payment scheme | SEPA Instant / SEPA |
| Name matching supported | Yes |
| Beneficiary name returned | Yes, only when the name match result is one of FULL_MATCH or PARTIAL_MATCH |
| Notes | Name matching is performed by each participating bank based on its own rules, so the standards of each matching result may vary slightly across banks. |
Required bank details
The following request parameters should be included in the bank_details object:
| Field | Permitted data | Notes |
|---|---|---|
iban | A valid IBAN | The IBAN should belong to a country/region where Airwallex supports EUR LOCAL transfers, i.e. the leading 2 characters (country code) should be one of AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GG, GI, GR, HR, HU, IE, IS, IT, LI, LT, LU, LV, MC, MQ, MT, NL, NO, PL, PM, PT, RO, SE, SI, SK, SM, YT |
account_name | 2-200 alphanumeric characters or punctuation | Account holder name to be verified against local bank records |
Applicable verification results
| Code | Name match result values |
|---|---|
VERIFIED | FULL_MATCH,PARTIAL_MATCH, or NOT_MATCHED |
CANNOT_VERIFY * | - |
EXTERNAL_SERVICE_UNAVAILABLE | - |
* For VoP, this code covers the scenario where the IBAN provided is invalid. A standalone INVALID code is not available.
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