Last night I tried to send a payment to a bank account I frequently transfer too and this time around I had new option where it made me select the Account Type which gives me either Personal or Business. For this particular transfer, it was to a business so I selected that option. The app then told me the detail did not match and that I could be getting scammed. I went back and tried the personal option and again the same thing. I continued anyway but I don’t get why now, after 10+ payments to this bank account it decides to tell me it’s wrong. Now every time I pay this account I have three additional buttons to press.
Today I am trying to pay off my credit card which I do via bank transfer and my presumption is I select business but it’s really not clear why this is now required in the UI.
What implication does selecting business or personal actually have? does it matter at all if I get it wrong?