AVS allows you to verify a customer’s Bank Accountholder information in Real-Time.
WHY BANK ACCOUNT VERIFICATION SERVICE?
Bank account verification (AVS-R) is a service where details supplied to the bank are compared to details in the Bank's records. The details are verified by way of a positive or negative response. The correct details are not disclosed to the user.
The following information is compared:
ID Number / Company registration number / Trust registration number
Surname / Company name / Trust name
Cellphone number registered on the account
The E-mail address registered on the account
Account is open
The account is open for more than 3 months
Account accepts debits (Debit orders can be run against this account)
Account accepts credits (Payments can be made into this account from another bank)
VeriSeal provides this as an easy-to-use, pay-as-you-go service with no monthly charges and complete history of transactions done.
This service is invaluable for Conveyancers, Lawyers, Estate Agents, and any other business which makes payments to third parties regularly
Participating banks: ABSA, FNB, Nedbank, Standard Bank, Capitec, African Bank, Investec, Sasfin Bank, and Discovery Bank.
Bank account verification in bulk (AVS-R) via API
This service allows you to upload a batch of Bank Account Numbers to be verified through an available API.
For this service please contact us at , or on our helpline: 012 881-1611