Account verification simplified
With Verkend's account verification service, verify bank accounts in seconds using secure connections directly with your financial institution. Verkend never has access to sensitive banking credentials.
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Resilient verification with two different methods
Some financial institutions have not yet done the work needed to grant secure access to third parties. Additionally, some users do not want to grant third parties access to their bank accounts. For these use cases, Verkend offers micro-deposit verification. For this process, a user will enter their routing and account number into the Verkend connect portal. We'll then initiate two small credits (for example, $0.08 and $0.12) to the user's bank account (with a corresponding debit to zero out the transaction). Users will then prove ownership of the account by entering the amounts seen in their bank account. This process typically takes about one day to complete
Instant account verification -- yep, that's right. Instant. No waiting for micro deposit verification to complete. Verkend uses a technology called oAuth to allow users to grant third parties access to their financial information. OAuth is specifically designed with security in mind, and it allows users to have granular access over which information they wish to share.
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Reach out to our sales team to get your questions answered and learn more about how we can improve your financial services offerings