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.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Kočner allegedly made a death threat against ex-general prosecutor Trnka

The recently published conversation concerns the Gorilla file, describing corruptive practices.

Marian Kočner in court.

Slovakia shoulders a heavier tax-levy burden than most, experts opine

The Slovak tax system is more generous to families than to single persons.

In the field of corporate taxation, Slovakia ranks among the most burdened of OECD countries.

First-aid kits in cars will not have to be replaced after expiration

The expiration will not be checked anymore, the Transport Ministry has decided.

Illustrative stock photo

Slovakia's best photo of 2019: Kočner hiding in a police car

Take a look at the best photos from the 2019 Slovak Press Photo contest.

The picture of controversial businessman Marián Kočner, taken by Denník N photographer Tomáš Benedikovič, wins the singles category in the News section of the 2019 Slovak Press Photo contest