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:

​

• Account number

• 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 

​