Bank Account Ownership
Verification

Bank account Ownership Verification is a process to confirm the ownership and status of a bank account. It ensures that the account is active and belongs to the person or entity claiming it, helping prevent fraud and unauthorized access.

Verifying bank account ownership helps prevent fraud, ensures compliance with financial regulations, and secures transactions by confirming that only authorized users have access to a bank account.

The process typically involves instant verification, cross-referencing data against a comprehensive pool of sources for accuracy and reliability.

You generally need to provide your bank account number, sort code, and information such as your name and address associated with the account.

Yes, your financial information is protected through encryption and secure handling practices. Verification services use advanced security measures to ensure that your data remains confidential and safe from unauthorized access.

The verification occurs instantaneously in real-time.

If verification fails, you might need to re-submit your information, ensure all details are accurate, or use an alternative verification method. If you reach this point, we're here to assist you.

Re-verification isn't usually necessary unless there are changes to the bank account details, or if mandated by periodic policy requirements.

Only authorised personnel involved in the verification process have access to your bank details. Access is strictly controlled and monitored to ensure privacy and security.