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Are my beneficiaries automatically transferred?

BEN002

The beneficiaries you have created in Isabel 6, are automatically transferred to Seven at the start of the three-months cohabitation period. However, new beneficiaries must be created in Seven; these will not be visible in Isabel 6.

The beneficiary will not be transferred when:

  • It hasn’t been used the last 2 years.
  • It has an invalid IBAN.
  • It has a SEPA account number but has non-SEPA date (like bank name).
  • The SEPA beneficiary only contains free format account information.

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