Wrong Name on BACS payment

cheesypuff

I am in an awful panic my daughter is expecting a compensation payment paid in tomorrow but I have realised I put her name on the bank details but the sort code and account number are mine am in a panic now in case the payment doesn’t credit as my daughter is going on holiday next week and has been waiting on the money. Does anyone here know if the account name is important on a BACS payment?

glentoran99

Bacs ( I think) just goes on sort code and account number,

cheesypuff

Oh I desperately hope so 🤞

agrinnall

If it's being paid as a BACS Direct Credit then there is a small chance that the receiving bank will do additional checks, which would include the name of the account to be credited, but it's much more likely that it'll go through fine. If it's a Faster Payment then there's no check on the name.