Insight & Non-Insight Product

Bank Account Verification

Confirm ID and bank account details quickly and reliably with our (BAV) Bank Account Verification

Product Overview

Our Equifax Bank Account Verifier is a comprehensive and versatile service that quickly verifies a customer's identity and confirms whether the bank account details provided are correct and valid. This can help you to streamline new business processes and improve your customer journey. Equifax Bank Account Verifier can help you to avoid mistakes when setting up direct debits, reduce associated costs and increase sales. The user simply provides the name, date of birth, address, bank account number and sort code. This is then compared to the details provided by the banks themselves to see if they match. Equifax Bank Account Verifier uses linked addresses, allowing us to perform bank account checks by using current and previous address data. In addition we can uncover previous linked addresses which may be associated with instances of fraud. If a match isn't made, the returned characteristics will indicate why and how it can be rectified by identifying potential anomalies. This means, once rectified, you can continue to take payments with confidence.