Verification of Payee | ProCredit Bank

Verification of Payee is a security service that helps you make sure you’re sending money to the right person or business. Before you complete a payment, the service checks whether the account name you entered matches the name registered with the receiving bank. This extra step helps protect you from sending money to the wrong account—whether by mistake or due to fraud.

Key Benefits:

Protects you from fraud
Helps you avoid scams by confirming whether the account details match the intended recipient.

Prevents mistakes
Reduces the risk of sending money to the wrong person because of a typo or outdated information.

Gives you confidence
You can complete your payment knowing the details have been checked and verified.

Saves time and stress
Avoids the hassle of trying to recover funds sent to the wrong account.

How the service works

Step 1

You enter the recipient’s account details

Provide the account number and the name of the person or business you want to pay.

Step 2

We check the information

The service securely compares the name you entered with the name registered on the recipient’s bank account.

Step 3

You receive a clear result

You’ll see whether the name matches, partially matches, doesn’t match at all or verification not possible/not applicable (in cases when recipient’s bank doesn’t participate in the VoP service).

Step 4

You decide how to proceed

If everything matches, you can continue with confidence. If not, you can double‑check the details or contact the recipient before sending money.

Phone:

+30-2316008840

For a Landline:

+30-801 100 71 71