05/08/2026
Mr P allegation might be valid but “Not every address mismatch is a red flag. 👀 As a banker, I felt the need to explain this part because a lot of people may not understand how address verification actually works. I noticed a lot of people are focusing on the address on the account as though that alone is evidence of fraud, let me explain how it generally works.
When an account is opened, the address is part of the Know Your Customer (KYC) process. Its purpose is to help verify that the customer can be identified and located. That’s why banks request a utility bill or another acceptable proof of address and, where required, may carry out address verification.
The address on an account is not what authorizes transactions, transfers, or ownership of funds. Simply having a particular address on an account does not, by itself, mean fraud has occurred.
Think about it:
* Can someone withdraw money because of an address? No.
* Can someone sign on an account because of an address? No.
* Can someone transfer ownership of an account because of an address? No.
Addresses can also change. People relocate every day, and customers can update their address with the bank by providing the required documents.
If there are allegations of wrongdoing in any particular case, those should be determined based on the full evidence—not on the fact that an address on a bank record differs from a company registration address.
I’m not commenting on anyone’s dispute. I’m simply explaining the general banking process so people understand what proof of address is actually used for.