Recipient verification for bank transfers starting October 9, 2025 – greater security in payment transactions

A new EU regulation requires credit institutions, from 9 October 2025, to verify the identity of the payee for transfers within the European Union. For transfers to the pension fund, please ensure you specify ‘Sächsische Ärzteversorgung’ as the payee so that the payment can be correctly allocated.

Before a SEPA transfer is authorised, a check is carried out to ensure that the payee’s name matches the name of the account holder associated with the specified...

DEUTSCHE APOTHEKER- UND ÄRZTEBANK EG DRESDEN
Kto. 0 003 351 742     BLZ 300 606 01
IBAN: DE84 3006 0601 0003 3517 42     BIC: DAAEDEDD

COMMERZBANK AG DRESDEN
Kto. 0 519 209 200     BLZ 850 800 00
IBAN: DE96 8508 0000 0519 2092 00     BIC: DRES DE FF 850