New EU obligation for SEPA credit transfers

From October 9, 2025, a new obligation for banks will come into force throughout the EU: For SEPA credit transfers and SEPA real-time credit transfers, credit institutions must match the recipient's name with the IBAN account holder. The aim is to prevent fraudulent or misdirected payments. This means for Kommunalservice Jena: In future, the recipient's name must be stated exactly as follows for transfers: "Kommunalservice Jena".

"Even minor deviations in the name - such as typos, additions or old names like 'Bestattungshaus' or 'Stadtforstamt' - can lead to warnings, delays or even the rejection of a payment," explains Kommunalservice Jena.

What will change?

• With every SEPA (real-time) transfer, an automatic comparison is made between the recipient's name and IBAN.
• Deviations in the recipient name can trigger warning messages, delay processing or lead to the payment being rejected.
• This obligation applies to all payment service providers throughout the EU/EEA.

What should be done?

Kommunalservice Jena asks all contractual partners, suppliers and customers to check their master data and templates and to use only the recipient name "Kommunalservice Jena" in contracts, orders, proof of performance, invoice footers and payment information in future. Offers, order confirmations and invoices should also explicitly state that the recipient name must be specified exactly. In the case of new partners or changed bank details, an additional verification step is recommended before releasing the payment.

This measure ensures that payments to Kommunalservice Jena continue to be made smoothly and without delays.