Global payment transactions are becoming more modern, faster and more secure. With the widespread introduction of the ISO 20022 standard, an important milestone will be reached in autumn 2026, with direct implications for the recording of your daily payment orders.<\/p>\n\n\n\n
What has often been entered as free text up to now must in future be broken down precisely. For you as a customer of Neue Bank AG, this means that action is required to maintain your payment data.<\/p>\n\n\n\n
More Than Just an IT Update: Compliance and Anti-Money Laundering<\/strong><\/p>\n\n\n\n This strict formatting requirement serves a key regulatory objective: the efficient implementation of international regulations and the global fight against money laundering (Anti-Money Laundering, or AML).<\/p>\n\n\n\n The fully structured address ensures that automated screening systems can clearly identify you as the ordering party and your payment recipients. This enables your payments to reach their destination quickly, securely and without unnecessary compliance queries.<\/p>\n\n\n\n What Is a \u201cFully Structured Address\u201d?<\/strong><\/p>\n\n\n\n Until now, it has often been sufficient to enter the address of the payment recipient (and your own address) in consecutive lines of text. In future, each address element must be entered separately in a designated data field.<\/p>\n\n\n\n A correct example: If this information (for example, \u201cBahnhofstrasse 45, 8001 Zurich\u201d) is simply entered in a single line, the payment will in future inevitably be technically rejected by international recipient banks. These strict requirements always apply to both parties to a transaction (ordering party and recipient).<\/p>\n\n\n\n Country-Specific Requirements<\/strong><\/p>\n\n\n\n For certain countries (such as the USA, Canada or Japan), the region, i.e. the state, province or prefecture, must be entered in a separate field. Without this information, the payment will be blocked.<\/p>\n\n\n\n Action Required in E-Banking and Accounting Systems<\/strong><\/p>\n\n\n\n Templates and standing orders: Please review your saved templates and existing standing orders in our E-Banking. Transfer unstructured addresses to the new, separately designated address fields in good time.<\/p>\n\n\n\n Important Information on Manual Payment Orders (Letter, Email)<\/p>\n\n\n\n We recommend submitting payments through our E-Banking whenever possible, as this is the secure and efficient method and the system will guide you through the correct structuring process.<\/p>\n\n\n\n If you continue to submit orders to us manually (e.g. by email, post or fax), they must be structured exactly in accordance with our official forms. If we receive incomplete orders or orders containing addresses in free-text format, our specialists will have to formally reprocess them internally in order to prevent the funds from being rejected.<\/p>\n\n\n\n Do you have any questions about adapting your templates or the exact address formats? The customer advisors at Neue Bank AG will be happy to assist you with the transition at any time.<\/p>\n","protected":false},"excerpt":{"rendered":" Correct and Complete Addresses (Structured Addresses) Global payment transactions are becoming more modern, faster and more secure. With the widespread introduction of the ISO 20022 standard, an important milestone will be reached in autumn 2026, with direct implications for the recording of your daily payment orders. What has often been entered as free text up […]<\/p>\n","protected":false},"author":21,"featured_media":0,"parent":681,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-9056","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n
Street: Bahnhofstrasse
House number: 45
Postal code: 8001
City: Zurich
Country: Switzerland (or CH)<\/p>\n\n\n\n\n