Mag. Elke Novak-Rabenseifner, Rechtsanwältin
Meinhard Novak, Rechtsanwalts GmbH
Karlsplatz 3/6
1010 Wien
T          +43 (0) 1 890 20 12 – 0
F          +43 (0) 1 890 20 12 – 11
E           office@novakra.at
W          www.novakra.at

BANK REMITTANCE – LIABILITY FOR FAILURE OF TRANSFER (OGH 23.10.2014, 2 OB 224/13Z)

January 9th, 2015

Since the beginning of the year the name of the recipient does no longer count as customer identification just the IBAN is controlled by the bank.
Therefore the bank is not liable if the transfer fails through a defective recipient name.