Bank Account Verification API Solution
Signzy’s Bank Account Verification API facilitates the essential process for Financial Institutions – affirming the credibility of their customers’ bank accounts.
The API aids in confirming the authenticity of the customer, thereby mitigating potential fraudulent activities. Regulatory bodies often recommend the use of such online bank account verification systems for specific institutions and entities to ensure customer credibility and validate the account’s legitimacy.
The process, designed for efficiency, necessitates only select customer credentials. This system not only performs verification but also executes bank account validation, ensuring a thorough and secure approach to customer onboarding.
USP of Bank Account Verification API:
- Ensures meticulous accuracy in bank account verification
- Robust mechanism for precise bank account number validation
- Streamlines the process of handling and verifying large volumes of bank account data
- Proactively identifies potential fraudulent activities
How Does Bank Account Verification API Work?
Add customer bank account number and IFSC code
Will hit banking information system to validate the account details
Instant bank account verification is done and ready for transactions
Integrate Bank Account Verification API
Easy To Use
Signzy’s Bank Account verification API is optimised for the best user experience. It is simple and effortless.
Stops Fraudsters
With prime precision, our API will detect fraudsters who try to use fake Bank Accounts or fake Bank Account credentials. We will ensure your safety.
Reliable Verification
Our system verifies all the information provided with the respective Bank’s available database rendering them legit and accurate.
Real-time Verification
The data is retrieved and verified within a matter of seconds saving you time and effort.
How to Verify Bank Account:
Verifying Bank Account Card Details have never been easier. Following are the steps:
- Once You receive the link to the inquiry form, access it and fill in your details.
- After this, the Bank Account verification API is to be integrated.
- Enter the Bank Account Number and CDSL code in the dialogue boxes.
- The API verifies the respective Bank Account and Code from the Bank’s database. You can extract the data.
Uses of Bank Account Verification API:
- Verifications during Banking Processes
- Claims in Insurance
- Background Verification of Individuals
- Validates bank account numbers during transactions
List of Clients
FAQ’S
What is the Bank Account Verification API?
It is an online interface that helps entities verify bank account numbers and verify Bank Account Details of their customers.
How does the Bank Account Verification API help me?
This API is used to verify bank account numbers and check if the Bank Account details provided by a customer are real or fake – essentially it does bank account number verification. This will protect you from fraudsters.
How Does Bank Account Verification API work? Does it verify bank account number online?
This API performs Bank Account Verification online, and on a realtime basis. Once the user inputs the Bank Account Number and the CDSL code, the API fetches the data from the backend. It verifies the data with the available bank databases or government repositories. You will be provided with a response of credible or not with the required details.
How accurate is the verification process?
There is minimal to zero chances of any error in the verification. The data obtained is double-checked with the respective databases and the government’s system with a generated response rendering the process precise and error-free.
Which attributes can we verify using this API?
The validity of the Bank Account along with the credibility of the data provided can be verified. This is done by matching it with credible and available databases.
Is online Bank Account Verification faster than offline Bank Account Verification?
Yes. The online Bank Account Verification API is instant and the user only needs to enter the Bank Account Number and the CDSL code. Within seconds the response is generated with the data
Are there any requirements for it to work?
You only need the Bank Account Number and the CDSL code for this API to work. You can enter it manually and get it verified.
