City of customer
|PYV, PYM, |
Mandatory for direct debit (ELV) used with IBAN-countries CH, SM, MC, PM, JE, GG
According to the new regulation on the transfer of funds (Geldtransferverordnung) address data (name, street, zip, city) is mandatory for cross border bank transfers (EEA / EWR), e.g.: CH, SM, MC, PM, JE, GG. This is mandatory from 2017-11-19. This takes effect when “capture” is done.