English
RSS
Starting from April 1, 2026, pursuant to Circular No. 30/2025/TT-NHNN amending Circular No. 15/2024/TT-NHNN, payment account names must match the information on the Citizen's Identity Card or Identity Card.
Specifically, based on Clause 2, Article 12 and Clause 5, Article 7 of Circular No. 30/2025/TT-NHNN amending and supplementing a number of articles of Circular No. 15/2024/TT-NHNN, effective from April 1, 2026, payment service providers shall verify and control the legality and validity of payment orders.
At the same time, they must ensure that the payment account number and payment account name are accurately reflected in accordance with the agreement on the opening and use of the customer’s payment account and that such information is fully displayed on the payment document.
Accordingly, the payment account name must match the information on the Identity card or Citizen’s Identity Card to enhance security and safety in transactions.
This regulation implies that banks will terminate nickname services (nickname/iNick) for accounts. These are custom names created by customers alongside their official account numbers for memorability and personalization. However, the use of nicknames also poses potential risks, such as causing confusion during fund transfers.
