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Nominated account and Paragon Bank problem

I have successfully opened an account with Paragon Bank but seem to have hit a problem.

 My nominated account only allows me to pay into an account with my name but when I received my paying in details  my name was not included. Paragon Bank was listed as the payee and there was a reference number, but not my name. 

Has anyone else experienced this problem and can advise me what happens in this situation?

Thanks



Comments

  • Bridlington1
    Bridlington1 Posts: 4,317 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 29 March 2024 at 2:50AM
    You need to use Paragon Bank PLC as the payee name and select ``business account" as the payee type (don't use your own name as the payee). So long as you then give the correct sort code, account number & reference the payment should go through without issues
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