Do you want to know how to validate bank account information instantly? If the answer is yes, you should read this article to learn how to use a validator API!

Validating bank account information is a crucial step in the onboarding process. It ensures that the bank account belongs to the customer, and that they are authorized to use it. It also helps prevent fraud and identity theft.

In this case, it would be a waste of time, money and effort to do this manually. We suggest a bank account validation API which allows businesses to quickly verify a customer’s bank account information. They can use it to instantly retrieve data such as the customer’s bank name, number, city, country, and more.

Account validation or Instant Bank Verification is the process of verifying that the bank account number and account details are valid before a transaction is processed.

Contar, Billetes De Banco, Negocio

Benefits Of Using Bank Account Validator API

In validating a bank account’s information quickly you can make sure that it is accurate and legitimate. This will help you avoid any problems in the future, such as having invalid transactions or payments. You do it to protect your business from fraudulent transactions, among other purposes:

  • Reduce fraud. Strengthen your KYC checks and protect your organisation by ensuring people provide valid details.
  • Avoid failed payments. Verify bank accounts and check whether they support direct debits, faster payments and CHAPS.
  • Minimise admin costs.

Likewise, if you don’t validate a customer’s bank account information before accepting their payment, you risk being scammed. A fraudulent transaction can result in your business losing money or even its reputation. However, if you use a bank account validation API, you can be sure that the transaction is legitimate and safe for your business. Verifying bank account information can reassure customers that a merchant is reputable and their information is secure. Bank account verification can also prevent human error such as somebody inputting their bank account details incorrectly.

IBAN Validator API

To validate a bank account’s information with an API quickly and easily, we suggest using an API called IBAN Validator API. This API allows you to retrieve detailed information about any bank account in Europe mainly, but in other countries as well, including the country code, BIC code, IBAN number, and more.

IBAN Validator API is powered with AI and Deep Learning, and integrated with other APIs by Zyla Labs: Bank Account Number API, Bank Account Validation API, Bank Account Verification API, BBAN Validator API, BIC Validation API, etc. These features add accuracy and efficiency to the process. Its ease of use guarantee integration with all systems and languages.

To start using this API, all you need to do is register for an account on Zyla API Hub, which is an online marketplace for APIs, by clicking on the button “Subscribe”. Once you have your personal key and an account, you can start using IBAN Validator API by simply entering the IBAN number of the bank account you want to verify. IBAN Validator API will then instantly provide you with all of the necessary information so that you can verify the validity of the account. You can also use this API to generate IBAN numbers for new accounts! So what are you waiting for? Start using this great tool right away!

Related post: How To Validate Any Bank Account Number Using An API