---
title: How to update the beneficiary name on a business account
description: The business account type offered on Veem is catered to businesses and sole proprietors. To ensure no delays occur with your Veem payments, please confirm that your beneficiary name is entered exactly as it is listed on your bank statement.
---

[Skip to content](https://help.veem.com/hc/en-us/articles/4417288473747-how-to-update-beneficiary-name-on-a-business-account#main-content)

English

Show submenu for translations

[Customer portal](https://help.veem.com/tickets-view?hsLang=en)

[![veem-logo-2](https://help.veem.com/hubfs/veem-logo-2.svg)](https://www.veem.com/)

Open main navigation

Close main navigation

- English
  
  Show submenu for translations
- [Customer portal](https://help.veem.com/tickets-view)
- [Contact us](https://www.veem.com/contact/)

[Contact us](https://www.veem.com/contact/)

 How can we help you?

- There are no suggestions because the search field is empty.

1. [Help Center](https://help.veem.com/?hsLang=en)
2. [Account Management](https://help.veem.com/account-management?hsLang=en)
3. [Updating the Account](https://help.veem.com/account-management?hsLang=en#updating-the-account)

# How to update the beneficiary name on a business account

## The business account type offered on Veem is catered to businesses and sole proprietors. To ensure no delays occur with your Veem payments, please confirm that your beneficiary name is entered exactly as it is listed on your bank statement.

To update the beneficiary name on your business account, please follow the steps below. 

**Step 1:** Log into [Veem.com](https://apps.veem.com/CustomerApp/o/signin)

**Step 2:** Click on your "Settings" tab in the lefthand sidebar.

 ![Screenshot 2023-05-29 at 9.28.29 AM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%209.28.29%20AM.png?width=298&height=119&name=Screenshot%202023-05-29%20at%209.28.29%20AM.png)

**Step 3:** On the Settings page, please go to your Account tab. 

![Screenshot 2023-05-29 at 2.39.53 PM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%202.39.53%20PM.png?width=688&height=89&name=Screenshot%202023-05-29%20at%202.39.53%20PM.png)

 

**Step 4:** On the "Business Information" section, click "Edit" 

**![Screenshot 2023-05-29 at 2.45.21 PM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%202.45.21%20PM.png?width=396&height=261&name=Screenshot%202023-05-29%20at%202.45.21%20PM.png)**

**Step 5:** Update the Business name field to your correct business name

 

**Step 6:** Click "Save" to successfully update your business beneficiary name.

#### *![Screenshot 2023-05-29 at 2.47.05 PM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%202.47.05%20PM.png?width=264&height=228&name=Screenshot%202023-05-29%20at%202.47.05%20PM.png)*

 

After following these steps, you will have fully updated the beneficiary name linked to your Veem account. Please note that updating your beneficiary name will submit your account for re-verification.

 

**Still need help? [You can chat or call our Customer Success team here.](https://www.veem.com/contact/)** 

- [Product Updates](https://help.veem.com/product-updates?hsLang=en#main-content)

    - [Changes to Veem Account | September 2026](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-september-2026)
    - [Changes to Veem Account | August 2026](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-august-2026)
    - [Changes to Veem Account | July 2026](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-july-2026)
    - [Changes to Veem Account | April 2026](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-april-2026)
    - [Changes to Veem Account | January 2026](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-january-2026)
    - [Changes to Veem Account | October 2025](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-october-2025)
    - [Changes to Veem Account | May 2025](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-may-2025)
    - [Changes to Veem Account | April 2025](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-april-2025)
    - [Changes to Veem Account | January 2025](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-january-2025)
    - [Changes to Veem Account | December 2024](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-december-2024)
    - [Changes to Veem account | September 2024](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-september-2024)
    - [Changes to Veem account | July 2024](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-july-2024)
    - [Changes to Veem account | August 2023](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-august-2023)
    - [Changes to Veem account | January 2023](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-january-2023)
    - [Changes to Veem account | July 2022](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-july-2022)
    - [Changes to Veem account | June 2022](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-june-2022)
    - [Changes to Veem account | May 2022](https://help.veem.com/product-updates?hsLang=en#changes-to-veem-account-may-2022)
- [Veem Wallet](https://help.veem.com/veem-wallet?hsLang=en)
- [Virtual Bank Account](https://help.veem.com/virtual-bank-account?hsLang=en)
- [Veem Virtual Card](https://help.veem.com/veem-virtual-card?hsLang=en)
- [Security and Compliance](https://help.veem.com/security-and-compliance?hsLang=en)
- [Accountant and Bookkeepers](https://help.veem.com/accountant-and-bookkeepers?hsLang=en)
- [Getting Started for Business](https://help.veem.com/getting-started-for-business?hsLang=en#main-content)

    - [Getting Started - Business Account](https://help.veem.com/getting-started-for-business?hsLang=en#getting-started-business-account)
- [Getting Started for Contractors](https://help.veem.com/getting-started-for-contractors?hsLang=en#main-content)

    - [Getting Started - Individuals, Contractors and Sole Proprietorship accounts](https://help.veem.com/getting-started-for-contractors?hsLang=en#getting-started-individuals-contractors-and-sole-proprietorship-accounts)
- [Veem Integrations](https://help.veem.com/veem-integrations?hsLang=en#main-content)

    - [Xero](https://help.veem.com/veem-integrations?hsLang=en#xero)
    - [Zapier](https://help.veem.com/veem-integrations?hsLang=en#zapier)
    - [Integrations FAQ](https://help.veem.com/veem-integrations?hsLang=en#integrations-faq)
    - [Netsuite](https://help.veem.com/veem-integrations?hsLang=en#netsuite)
    - [QuickBooks](https://help.veem.com/veem-integrations?hsLang=en#quickbooks)
- [Signing Up on Veem](https://help.veem.com/signing-up-on-veem?hsLang=en)
- [Account Management](https://help.veem.com/account-management?hsLang=en#main-content)

    - [Manage your Veem Account](https://help.veem.com/account-management?hsLang=en#manage-your-veem-account)
    - [Updating Banking Information](https://help.veem.com/account-management?hsLang=en#updating-banking-information)
    - [Updating the Account](https://help.veem.com/account-management?hsLang=en#updating-the-account)
    - [Beneficial Ownership Information](https://help.veem.com/account-management?hsLang=en#beneficial-ownership-information)
- [Veem Basics FAQ](https://help.veem.com/veem-basics-faq?hsLang=en)
- [Sending Payments](https://help.veem.com/sending-payments?hsLang=en#main-content)

    - [Payment Tracker](https://help.veem.com/sending-payments?hsLang=en#payment-tracker)
    - [Mass Pay](https://help.veem.com/sending-payments?hsLang=en#mass-pay)
    - [Payments FAQ](https://help.veem.com/sending-payments?hsLang=en#payments-faq)
    - [Pay Direct](https://help.veem.com/sending-payments?hsLang=en#pay-direct)
    - [Guest Pay](https://help.veem.com/sending-payments?hsLang=en#guest-pay)
    - [Pay with Credit Card or Debit Card](https://help.veem.com/sending-payments?hsLang=en#pay-with-credit-card-or-debit-card)
    - [Pay with Veem](https://help.veem.com/sending-payments?hsLang=en#pay-with-veem)
- [Receiving Payments](https://help.veem.com/receiving-payments?hsLang=en#main-content)

    - [Get Paid with Veem](https://help.veem.com/receiving-payments?hsLang=en#get-paid-with-veem)
    - [Instant Deposit - Debit Card](https://help.veem.com/receiving-payments?hsLang=en#instant-deposit-debit-card)
- [Payment Troubleshooting](https://help.veem.com/payment-troubleshooting?hsLang=en#main-content)

    - [Bank Information Tips & Updates](https://help.veem.com/payment-troubleshooting?hsLang=en#bank-information-tips-updates)
    - [Payment Troubleshooting FAQs](https://help.veem.com/payment-troubleshooting?hsLang=en#payment-troubleshooting-faqs)
- [How - To Videos](https://help.veem.com/how-to-videos?hsLang=en)
- [Payment Tracker Statuses](https://help.veem.com/payment-tracker-statuses?hsLang=en)

[![veem\_logo\_colour-3](https://help.veem.com/hs-fs/hubfs/veem_logo_colour-3.png?width=100&height=22&name=veem_logo_colour-3.png "veem_logo_colour-3")](http://www.veem.com/https://www.veem.com/?utm_source=hubspot&utm_medium=email&utm_campaign=email_marketing)

1160 Battery Street,  
Suite 100  
San Francisco, CA 94111

<https://www.linkedin.com/company/veem> <https://www.facebook.com/goveem> <https://twitter.com/GoVeem> <https://www.youtube.com/c/VeemInc> <https://api.whatsapp.com/message/IP5CZO4Y5PK6H1?autoload=1&app_absent=0>

Copyright © 2026, Veem Inc