For cash out, the name of the bank account holder must be the same as the name of the Nanovest account holder.
The name on the destination account and the name on the Nanovest account must be the same because Nanovest follows the government's Anti-Money Laundering and/or Counter-Terrorism Financing (APU-PPT) regulations.
All these are done to ensure the security and convenience of Nanovest application users in transacting.