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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 info@veriseal.co.za, or on our helpline: 012 881-1611 

©2019 by Veriseal (Pty) Ltd

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