PKO Bank Polski Extends Verification of Payee to Corporate Euro Transfers

Business clients using iPKO biznes can now screen a euro payment's beneficiary name against the records held by the receiving bank. KIR carries those queries and the replies across its pan-European verification network.

PKO Bank Polski has opened Verification of Payee checks to its institutional clients in the iPKO biznes application, letting them confirm that the payee name entered on a euro transfer matches the account holder recorded at the beneficiary bank. KIR supplies the infrastructure that exchanges the verification requests and responses between participants in the service. The bank states that the verification carries no charge, in line with EU requirements.

PKO Bank Polski introduced the service for incoming euro payments from September 2026, covering SEPA SCT and SEPA Inst transfers. Regulation (EU) 2024/886 sets the obligation on payment service providers to offer payee verification.