Verification of Payee and Switzerland: who checks the payee name, who does not, and what it means for your euro payments

Since 9 October 2025, banks in the euro area must check that a payee’s name and IBAN belong together before every credit transfer. Swiss banks do not have to, Liechtenstein banks not yet. What that means for a Swiss company that pays or receives euros, with the document and the sentence behind every statement, as of 2 September 2026.