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mhsuffolk

New UK Bank Transfer Requirements

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New UK Bank Transfer requirements are now coming into force, where in addition to the Sort Code and Account Number, your customers will be required to fill in your bank accounts name and whether it is a Business account. For anybody using any of the Bank Transfer payment addons I recommend you ensure the account name field is correct and if your account is a Business one add this to the Bank Name. For example Barclays (Business)


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Good advice,  and its been a long time coming for the banks to do something to help protect themselves from fraud payouts.


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