On Jun. 5, NLD PAY said such payment orders will soon be rejected.
NLD PAY said unstructured payer and payee address data will not be permitted when submitting global non-SEPA account-to-account transfer orders, from Nov. 14, 2026.
From Nov. 15, 2026, it will also apply to SEPA (Single Euro Payments Area) orders for credit transfers (SCT), instant payment (SCT Inst), and SEPA direct debits (SDD).
Document dated Jun. 5, 2026, received from NLD PAY Jun. 11, summarized Jun. 16.
Summary
From those dates, payment orders with unstructured address data will be rejected.
Only 'fully structured' & hybrid address data will be permitted; fully structured is the preferred address format; hybrid accepted by some providers as transitional solution.
Support for hybrid address data may therefore vary by payment service provider.
Those submitting payment orders must request provider specifications and validation rules ahead of Nov. 14 & Nov. 15 2026, and implement these in their systems.
Messages and files for payments in accordance with ISO 20022 standard may contain three types of address data until Nov. 14, 2026: unstructured; hybrid; fully structured.
Structured address data in account-to-account transfers and SEPA direct debit payers aligns to stricter AML laws/rules against payments to sanctioned individuals/entities.
Aims for: better/faster address data verification; fewer rejections; efficiency/speed.
Effectiveness
Changes come into effect on Nov. 14, 2026 and Nov. 15, 2026.
