Same-name funding requires money added to an account or payment service to come from an account held in the same verified name. The rule helps providers control third-party payment, ownership and fraud risk.
How does the rule work?
The provider compares the verified customer or business with the sender or source-account name. Material differences may trigger review, rejection or return.
Why can legitimate names differ?
Abbreviations, trading names, joint accounts, group companies and bank formatting can create mismatches. The provider may require evidence connecting the account holder to the customer.
Same-name funding vs. third-party payment
Same-name funding limits sources to the customer's own account. A third-party payment comes from another person or entity and may be restricted even when the underlying purpose is legitimate.
What should a business verify?
- Exact verified account name
- Permitted source-account types
- Treatment of subsidiaries and directors
- Required references
- Exception and return process
What should be recorded?
Keep the source account, displayed sender, ownership evidence, decision and final status. Do not repeatedly resend from an unapproved account.
