What does it entail?

Validdo’s IBAN Verification enables organizations to quickly and securely confirm that a bank account belongs to the participant. This check prevents financial misuse and provides certainty during onboarding or payouts, enhancing other verification efforts.

How does it work?

The participant links an account through a secure interface, and Validdo automatically verifies:

• Name and identity

  Does the account holder match the verified identity?

• IBAN validity

  Is the bank account number active and correct?

• SEPA zone (if relevant)

  Is the account within the European SEPA area?

The result appears instantly as match, mismatch, or unknown in the report, for prompt action if needed.

Why is it important?

• Stops bank fraud

  Crucial for payouts to ensure the right account owner is involved.

• Strengthens identity checks

  Adds an extra layer of certainty to standard verifications.

• Efficient, secure, and fast

  Fully automated, with no separate documents or third-party involvement.

• GDPR-compliant

  Conducted with participant consent, processed securely and encrypted.

Questions about our IBAN Verification? We're excited to [email protected]