There are a several reasons why your bank transfer payment might fail. Below you will find out some reasons explained in more detail:
Bank account details provided in your account do not exactly match the bank account details with your banking institution.
Incorrect bank account number or bank codes provided (the required information will vary by country) such as International Bank Account Number (IBAN), Bank Identifier Code (BIC) or SWIFT number.
Intermediary bank details were not provided but are required by your bank to process the payment (please contact your bank for more details on whether you’re required to provide these details).