No their payment system is different so the name mismatch doesn't affect the bank account.
I know Lloyds run on the old banking system where it matches account number and sortcode to the name whereas the new system with other banks mismatch names doesn't matter due to only sortcode / acc number needing to match.
No their payment system is different so the name mismatch doesn't affect the bank account.
I know Lloyds run on the old banking system where it matches account number and sortcode to the name whereas the new system with other banks mismatch names doesn't matter due to only sortcode / acc number needing to match.
Wow, really? I always thought the ACH deposits must match the receiver's name or the bank would refuse it. Does that mean that the name on the bank account used to receive funds on Amazon could be different from the name of the Amazon account holder?? If that's the case, that would be amazing!!