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UK band march mismatch names??? The end??
 

Hearing about this mismatch names problem with UK banks. Is this going to affect me withdrawing money from my stealth PayPal (not my name) to my bank????? Help is always appreciated.

Re: UK band march mismatch names??? The end??
 

Try first and give us feedback

Re: UK band march mismatch names??? The end??
 

are paypal part of name sharing scheme though? I know uk banks will share names with EACH OTHER, but is paypal part of this name sharing group too? would be good to know

I suspect even if they arent yet part of the name sharing group, they will be soon

Re: UK band march mismatch names??? The end??
 

There's a thread about this already

https://www.aspkin.com/forums/paypal...withdrawl.html

Re: UK band march mismatch names??? The end??
 

Apparently already linked accounts i.e. existing mis matched setups won't be affected. Not for now anyway.

Re: UK band march mismatch names??? The end??
 

Has anybody actually read the terms for being able to check names on accounts. I think you should read that before you all panic

Re: UK band march mismatch names??? The end??
 

Yeah you can opt out of it though aparrently. Just means we need to create stealth accounts with our real names and ⊗⊗⊗⊗ addresses surely? Not too hard to work around

Re: UK band march mismatch names??? The end??
 

Have you got a link/citation?

Re: UK band march mismatch names??? The end??
 

From the Pay website who run CoP:

To be eligible to enrol at this time, the following must be true:

You are an Account Servicing Payment Service Provider (ASPSP)
You have a sort code allocated to you with your own bank code in the EISCD
You are an FCA registered entity
You are registered with Open Banking*
* Please note: registering with Open Banking is a requirement, but can be undertaken in parallel with the Confirmation of Payee application process.

At this time, applications cannot be accepted from:

Organisations whose customers are addressed via a secondary reference
(i.e. an agency PSP that does not have a sort code allocated to them with their own bank code in the EISCD)
Organisations not registered with FCA
Non-ASPSPs e.g. Third Party Providers (TPPs) / Payment Initiation Service Providers (PISPs)/Account Information Service Providers (AISPs)

Re: UK band march mismatch names??? The end??
 

Which element of this are you referring to regarding mismatched names on withdrawals?

Re: UK band march mismatch names??? The end??
 

In order for an organisation to check names on an account (CoP) they must be registered with open banking, last time I checked paypal were not. Also, paypal are a Payment Initiation Sevice Provider, therefore they will not be able to enroll in Confirmation of Payee therefore wont have access to check the name

Re: UK band march mismatch names??? The end??
 

Yes PayPal are not a bank, hope that's true.

Re: UK band march mismatch names??? The end??
 

But will withdrawing from PayPal to my bank be a problem? This is the route of what I need to know. Please advise. Thanks