Bank transfers with the required information. The real issue is that the receiving bank has to be sure there is no equivocation in your intentions. Why do you send it with your own name and then you included the intended recipients account number not not his name? Who are you? The bank will say they cannot apply the funds because the beneficiary name and account number do not match. So, who are you? We cannot always be sure of what you want just with one variable since people do make mistakes and that is just what happens in all of our best efforts but with two variables we can be sure of your intention of who to pay when it could be a lot of money involved. We must have certainty. Then you put the account number only. It might be the right number but what is the name of the recipient since...who are you? What do you think?
Bank transfers with the required information. The real issue is that the receiving bank has to be sure there is no equivocation in your intentions. Why do you send it with your own name and then you included the intended recipients account number not not his name? Who are you? The bank will say they cannot apply the funds because the beneficiary name and account number do not match. So, who are you? We cannot always be sure of what you want just with one variable since people do make mistakes and that is just what happens in all of our best efforts but with two variables we can be sure of your intention of who to pay when it could be a lot of money involved. We must have certainty. Then you put the account number only. It might be the right number but what is the name of the recipient since...who are you? What do you think?