Bank clients should prepare for stricter verification in online payments

The changes, required by the European Union, aim to increase security, but not all banks have adopted them .

Illustrative stock photoIllustrative stock photo (Source: SME)

Online payments are becoming more complicated again due to the higher security of clients required by the European Union. These changes came into force on September 14.

While Tatra Banka introduced the changes on September 13, Slovenská Sporiteľňa did so already on September 11. Both are changing online payments, meaning that people should prepare for a longer wait to log into the internet banking system and process payments.

More complicated payments

“A new maximum spending limit for payments without additional verification will be introduced,” Tatra Banka wrote in a letter sent to its clients in early September.

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