Accountants are under more pressure than ever to catch fraud, and increasingly, to prevent it before it happens. The IBAN-Name Check portal takes a real chunk of that burden off their plate.
What's actually expected of an accountant these days?
When an accountant spots fraud during an audit, or even suspects it, they're required to report it. But by then, the damage is already done. On top of that, accountants now carry growing responsibility for spotting weaknesses in a company's controls before fraud happens at all — a harder, more subjective job, since what counts as "enough" is genuinely unclear. The IBAN-Name Check is a proven, concrete control that takes some of that pressure off.
How it helps your accountant (and cleans up your fraud prevention fast)
Extra checks on every transaction. Catching fraud by hand doesn't scale — no accountant can review every transaction, so most rely on sampling and hope it catches enough. The IBAN-Name Check can run on every transaction upfront, or on a periodic sample, cutting fraud cases down in one move instead of relying on chance.
Catch fake invoices and dubious debtors early. A mismatched name and account number is often the first sign of a fraudulent invoice. The same applies to debtors who never intend to pay — they'll often register under a name that's the same as, or very close to, a legitimate organization's. The check also flags whether an account is personal or business: fraudsters often use personal accounts because they're easier to open with fewer checks, so a business debtor paying into a personal account is worth a second look.
Stay compliant with the Sham Employment Arrangements Act (WAS). Under WAS, employers must verify that employees are paid into their own bank account — skip this, and you risk real fines. An integrated IBAN-Name Check handles this automatically, saving your accountant extra work at audit time.
Get started today
Ready to make your accountant's life easier? The SurePay portal lets you run IBAN-Name Checks online, with a PDF of the results as evidence for your accountant. Your first 50 checks are free.
