You might notice that your Weel funding account name now appears as "Nium Pty Ltd". This is expected and correct.
Australian banks have introduced Confirmation of Payee, a feature that checks the account name matches the account number to help prevent payment fraud.
Our funding accounts are issued by Nium Pty Ltd, so updating your saved payee details to this name will help avoid warnings from your bank.
Key points:
Transfers will still work if you use the old name (e.g., “Weel – [Account Name]”), but you may see warnings.
This change is intentional and safe, and your direct transfers should not be affected.