--- title: How to update the beneficiary name on an individual account description: The Individual account type offered on Veem is catered for contractors and freelancers. In order to ensure no delays occur for payments sent to the account, it's crucial for the beneficiary name (the --- [Skip to content](https://help.veem.com/hc/en-us/articles/4417686888339-how-to-update-beneficiary-name-on-an-individual-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 an individual account **The Individual** account type offered on Veem is catered for contractors and freelancers. In order to ensure no delays occur for payments sent to the account, it's crucial for the beneficiary name (the name associated with your bank account on file) to be entered exactly as it is listed on the bank statement.   To update the beneficiary name on your account, please follow the steps below.  **Step 1:** [Log in](https://apps.veem.com/CustomerApp/o/signin) to your Veem account. **Step 2:** Click on "Settings" tab in the left-hand 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=366&height=146&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 "Primary Contact Information" section, click "Edit"  ![Screenshot 2023-05-29 at 2.42.14 PM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%202.42.14%20PM.png?width=358&height=167&name=Screenshot%202023-05-29%20at%202.42.14%20PM.png) **Step 5:** Update the First and Last Name fields to the correct beneficiary name   **Step 6:** Click "Save" to successfully update the personal beneficiary name ![Screenshot 2023-05-29 at 2.42.33 PM](https://help.veem.com/hs-fs/hubfs/Screenshot%202023-05-29%20at%202.42.33%20PM.png?width=331&height=179&name=Screenshot%202023-05-29%20at%202.42.33%20PM.png) After following these steps, the beneficiary name will be fully updated on the Veem account.   **NOTE:** 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/)**  - 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