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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