Bank Account Validation
Bank account validation is a process that allows you to check a bank account exists and is linked to your customer. An effective system will verify the details they have provided so you can minimize the risk of fraud.
Callcredit Bank Validation Services
Callcredit is able to provide a bank validation service that can be as simple or as comprehensive as your business requires.
There are three tiers of this service for you to choose from:
1. Bank Account Standard Check
At a basic level, this check provides bank account verification to ensure the account exists, validating the bank account number and sort code, the type of account and the transactions it can support.
2. Bank Account Enhanced Check
For more complex transactions or more involved customer relations, this check matches a customer's details to the account holder at the address held by the bank. This level of reassurance provides you with the confidence that your customer's identity and bank payment details are linked.
3. Bank Account Plus Check
If the bank account cannot be linked to the identity this check will verify if the reason is due to the bank account being a non consented account (therefore does not appear at any of the credit bureaus) or it is a high risk bank account such as a commercial bank account.
If you would like to request more information about our bank account validation solutions contact us below or complete our business enquiry form to specify your requirements.
Callcredit works hard to provide several other services to help you combat the threat of fraud.