I sent a payment through international bank transfer to Germany. But, the account holder name has special characters like ö, ä, ü, and etc. In my case, it's ü.
Is there any other words that are equivalent with ü (read: u with umlaut), that in some way the correspondent bank will accept it and it's world-wide accepted?
Because if I changed it to just u/ue, I'm afraid the bank will regard it different than it's supposed to and my transfer will be stuck.
The account holder name is as important as the IBAN. When the receiver bank checks the IBAN and its account holder name is different with the one I specified in the transfer, they won't accept the transfer and my money will get stuck and it's taking forever to (maybe) get the money back to my home country bank account. (according to my experience, check below comments for the story)
E.g: Grundstücksverwaltung and Grundstucksverwaltung have different meaning.
Any help is appreciated.
27 Jul 2018 I followed my home country bank’s recommendation and changed the ü in the beneficiary name to just simple plain u (not ue).
28 July 2018 Turns out transfer was successful. I can conclude if there’s special characters (like German ö ä or ü or Danish å ø etc), banks probably tolerate it to the closest word (globally recognized ones), like ö with o, ü with u and so on. Thanks to everyone who has given opinion or answers.
Hopefully for those who face same problem as me can get some answers from this thread.