API
Bank account verification API: confirm payout accounts before you pay
Verify that a bank account is real and belongs to your customer — with penny-drop and name-match — before you send money. Here is how bank verification works and how to integrate it.
In short: A bank account verification API confirms an account is valid and belongs to your customer — usually via a penny-drop plus name-match — so payouts do not fail or land in the wrong hands.
Why verify before you pay
A wrong account number means a failed payout, a support ticket, or money sent to the wrong person. Verifying up front removes that risk and is essential for payouts, refunds, lending and supplier payments.
- 01
Penny-drop
A tiny deposit confirms the account is real and active.
- 02
Name match
Confirm the account holder matches your customer.
- 03
Fewer failures
Stop failed transfers before they happen.
- 04
Fraud control
Block payouts to mismatched or fake accounts.
Frequently asked questions
A negligible amount is deposited to confirm the account exists and is active, and the returned account-holder name is matched against your customer.
Yes — single real-time checks and high-volume batches, depending on your payout flow.
We integrate it behind a secure, audited gateway with encryption and access controls, handling financial data to DPDP / IT-Act standards.
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