Plain-English FX for business

A look at sterling and the euro, plus practical guides for businesses that pay or get paid abroad.

Insight · 11 Nov 2026

Paying euro suppliers? The payee name now matters as much as the IBAN

Verification of Payee now checks the name on euro transfers across the eurozone. Here's what it means for businesses paying or receiving euros. Since 9 October 2025, banks and payment providers in the eurozone must check that the name on a …