What is my risk as a professional initiating transfers (e.g., salaries)?

Ensure the beneficiary name you enter matches the one registered on the RIB of the beneficiary account. If not available, use the name shown next to the IBAN on the invoice or payment request. When in doubt, ask the beneficiary for the correct name. Keep your list of saved beneficiaries up to date.

For file-based transfers (e.g., through MultiLine, for salaries), any mismatch detected by VoP may result in all transfers being blocked.

Hence the importance of verifying your saved beneficiaries and considering a VoP opt-out for bulk transfers via file.