Check/Bank Account Verification
Fast and easy way to verify bank accounts in real time
About ACHWorks Account Verification
ACHWorks Real Time Bank Account Verification is a fast and easy way to verify bank accounts in real time, providing various levels of information contributed directly from financial institutions as well as multiple other sources. Now you can make an informed decision when accepting a check or ACH as a payment option. The service is available as an independent program, a web application or an integrated service via our ACHWorks SOAP API.
Account Verification Sources
Real Time Bank Account Verification sources include a wide network of participating banks to check if the account is open and currently in good status with a positive balance. If the customer account does not belong to any of the participating banks, the account is automatically validated using the largest experiential positive and negative database reports from more than 160 million bank accounts that cover more than 70% of the entire US Banking system.
Additional Services
In addition to Account Verification service, the following optional services are also available in both the web application and SOAP API integration:
Multiple Verification Services available through one call
Click below to learn about data points that can be validated using the ACHWorks Real Time Verification Solutions.
Bank Account Verification
Verify in real time the status of a bank account to see if the account is open or closed, frozen, in good standing or negative.
Account Owner Authentication
Authenticate who the owner/signer of a particular account is. This is another level of the real time check/account verification service. Qualifying for access to the Account Owner Authentication service can be challenging, but for organizations who need this level of authentication, there is no replacement.
OFAC List Match
The OFAC List Match service will check if a person is listed in the U.S. Treasury’s Office of Foreign Asset Control’s (OFAC) Sanctions Program Listings. OFAC prohibits transactions involving persons and organizations listed as “Terrorists”, “Specially Designated Nationals (SDN) and Blocked Persons”, and those from embargoed countries and regions. The Search Result will return the following details: Description of the result, Database Row, SDN Identifier and Name, SDN Type and Program, SDN Title, Remarks on SDN, Vessel Call Sign, Type and Tonnage, Vessel Flag and Owner.
Question about integration?
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