Will this be a problem for UK stealth accounts?

[chris100]

To prevent fraud they will be allowing a depositing bank to see a bank account holder's name when making a transfer.

https://www.bbc.co.uk/news/business-45900955

So Amazon's bank will see any name mismatch on a stealth bank account and hold transfer in case of possible fraud?

[james929]

if you have a business account it should only show the business name

also i think there will be the option for bank holders to opt out

[Beautiful]

only time will tell!

Originally Posted by james921

if you have a business account it should only show the business name

also i think there will be the option for bank holders to opt out

I also think the way to go is to have multiples moral entities

[JamesNorth101]

Quite a few threads about this already going into details

Overall summery - We just dont know for sure yet

[Freakzilla]

It seems extremely unlikely it will be manually checked. Can you imagine how long that would take?!

[rsot]

Originally Posted by Freakzilla

It seems extremely unlikely it will be manually checked. Can you imagine how long that would take?!

Probably factored with activity on the account - true

[james929]

Originally Posted by Freakzilla

It seems extremely unlikely it will be manually checked. Can you imagine how long that would take?!

It would be done via an API..

If is a business bank account has multiple names though I dont see how they check the names - hopefully it will correspondent with the business name

[Freakzilla]

If it was sent as part of a bacs file how would it check?

Originally Posted by james921

It would be done via an API..

If is a business bank account has multiple names though I dont see how they check the names - hopefully it will correspondent with the business name