New rules applying to the use of structured addresses for SEPA and foreign payments payments – MultiCash

In the current versions of the MultiCash application (3.2x and 4.0x), addresses cannot be entered in a structured format. 

To ensure your payment order can be processed correctly, it is necessary to fill in the address completely and accurately, in line with the following format: 

• The first line, and possibly the second line, is for the Payee’s name. The third line is for the Street and the Building Number; please specify the Post code on the fourth line, followed by the Town. There is a separate field for the Country. 
• Based on the aforementioned information, the bank will convert the address into a structured format required by the new standards.
  
  

The payee’s address is not mandatory for SEPA payments. However, if you choose to enter any part of the address, you must include at least the Town and the Country. 

• The first line, and possibly the second line, is for the Payee’s name. 
• The third line is for the Street and the House Number; please specify the Post code on the fourth line, followed by the Town. 
• There is a separate field for the Country.
  
  

• There is no need to install a new version of the MultiCash app. 
• You do not need to make any changes to how you fill out payment forms. 
• The bank will handle the technical aspects and automatically convert the address into a structured format. 

The introduction of a structured address is part of an international standardised payment format that:

• Increases the accuracy and speed of processing; 
• Reduces the risk of errors or returned returns; and 
• Meets the requirements of European and global banking standards. 

A new version of MultiCash 5.0 is currently in development, which will enable: 

• Direct entry of a fully structured address; 
• More precise verification of data accuracy before submission; 
• Full compatibility with new international standards (pain.001.001.09). 
    

Once MultiCash 5.0 is released, you will be able to enter the address in a structured format directly in the application without the need for subsequent conversion by the bank. We will notify you in advance about the availability of the new version.