Bank account connection verification

The bank account connection verification is the ability to verify the existence of the bank account directly with the banks, via the Open Banking protocol. This service enables you to validate the existence of a bank account and ensure the bank account holder is consistent with the data you already collected.

Once connected, the system retrieves two key data points:

• The IBAN of the selected bank account
• The account holder’s name as registered with the bank

This allows you to confirm the existence of the bank account and collect reliable identity information directly from the financial institution.

Coming soon: You will also be able to verify whether the bank account holder’s identity matches the personal information you have already collected during onboarding.

The verification process consists of the following steps:

1. Initiate an open banking request and receive a URL in return: then share this URL with the person whose bank account needs to be verified, or directly redirect them to it.
2. Open the URL and follow a desktop or mobile process to connect with the bank.

3. Once the bank identity is verified, receive the response via a webhook or by calling a designated endpoint.

Here's the list of supported banks