1162
Beneficiary name does not match account number
REJAccount
Community Reference: This is an unofficial resource compiled from public banking documentation. Severity and behavior may vary by bank and payment provider. View sources.
The name provided for the beneficiary doesn't match the name registered to the account. This is a Confirmation of Payee (CoP) related rejection that helps prevent misdirected payments.
Common Causes
- •Typo or variation in the beneficiary name
- •Using a nickname instead of legal name
- •Business name vs. trading name mismatch
- •Name change not updated with the bank
What to Tell the Customer
“The name you entered doesn't match the account holder's name. Please verify the exact name on the recipient's account.”
How to Fix
- 1Confirm the exact account holder name with the recipient
- 2Use the legal name as registered with their bank
- 3For businesses, verify whether to use registered or trading name
- 4Retry with the corrected beneficiary name