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PROMETEO
PRODUCTS
BANK ACCOUNT VERIFICATION
Bank Account Verification: Verify the account before the payment fails
Confirm account ownership in real time across 5 continents, via API or no-code, no geography limits.
Get a coverage check + integration path tailored to your flows
THE SOLUTION
What Is Bank Account Verification?
Bank account verification is a real-time API check that confirms a bank account is valid and reachable before you initiate a transfer or debit. It validates routing and account details up front so you can reduce failed payouts, prevent fraud tied to invalid accounts, and cut manual reviews.
Integrated into onboarding, KYC and payment workflows, Prometeo goes beyond basic format checks by connecting directly with financial institutions to confirm that funds have a real and valid destination.
Secure
Sandbox access
API keys instantly
Unified Coverage: One API for the Americas
We are the interoperability layer for global platforms, standardizing verification across banking systems.
How Instant Bank Account Verification Works
1.
Routing & Syntax Check
The API instantly validates the bank code (routing number for the U.S.), branch code and account structure.2.
Status Query
We verify with the destination bank that the account is active and able to receive funds, preventing hard bounces
3.
Ownership Verification (Name Match)
The system retrieves the registered owner's name or a match score (e.g., "Full Match," "Partial Match," "No Match") to validate identity.
4.
Idempotency
Designed for high-volume scale, our API supports idempotency keys to prevent duplicate checks and asynchronous status updates on complex queries.
USE CASES
Strategic Use Cases for Bank Account Verification
Marketplaces (KYB)
Secure your supply chain payouts. Validate that a bank account truly belongs to the onboarded business entity (KYB) before the first transfer.
Payroll & Gig Economy
Ensure payment success rates for massive payouts to drivers, riders and remote contractors.
Lending
Instant KYB/KYC. Verify a borrower's account ownership during onboarding to securely disburse loans.
Fintechs & Neobanks
Streamline your compliance stack. Integrate our API to automatically verify funding sources and destination accounts, ensuring seamless KYC/KYB checks without building infrastructure from scratch.
Digital onboarding platforms
Reduce user drop-off by verifying bank accounts in real-time. Replace slow manual document reviews and approve legitimate users in seconds, not days.
Identity verification providers
Strengthen your identity solution by adding a financial data layer. Cross-reference user IDs against official bank records (Name Match) to detect and block synthetic identity fraud.
Fraud & Compliance Solutions
Enhance your risk engine. Offer your clients robust protection against Authorized Push Payment (APP) fraud and immediate compliance with Nacha WEB Debit rules as part of your core offering.
Marketplaces (KYB)
Secure your supply chain payouts. Validate that a bank account truly belongs to the onboarded business entity (KYB) before the first transfer.
Payroll & Gig Economy
Ensure payment success rates for massive payouts to drivers, riders and remote contractors.
Lending
Instant KYB/KYC. Verify a borrower's account ownership during onboarding to securely disburse loans.
Fintechs & Neobanks
Streamline your compliance stack. Integrate our API to automatically verify funding sources and destination accounts, ensuring seamless KYC/KYB checks without building infrastructure from scratch.
Digital onboarding platforms
Reduce user drop-off by verifying bank accounts in real-time. Replace slow manual document reviews and approve legitimate users in seconds, not days.
Identity verification providers
Strengthen your identity solution by adding a financial data layer. Cross-reference user IDs against official bank records (Name Match) to detect and block synthetic identity fraud.
Fraud & Compliance Solutions
Enhance your risk engine. Offer your clients robust protection against Authorized Push Payment (APP) fraud and immediate compliance with Nacha WEB Debit rules as part of your core offering.
Marketplaces (KYB)
Secure your supply chain payouts. Validate that a bank account truly belongs to the onboarded business entity (KYB) before the first transfer.
Do You Prefer a No-Code Solution?
If your company doesn't have the time needed to complete an API integration, we've developed a No-Code Bank Account Verification solution, a platform that our customers can implement within 24 hours.
Ideal for companies with complicated vendor integrations or IT backlog. Without requiring technical knowledge or support.
Same coverage as our API solution.
Why Choose Prometeo?
Avoids the operational burden of failed transactions due to manual errors.
Reduces fraud losses caused by fake accounts entered during registration processes.
Results in less manual review for compliance and risk teams.
Improves your customer experience through instant verification.
Our clients
“Prometeo has given us greater peace of mind. Now we can verify that the account holder’s name matches the merchant we want to pay, which has allowed us to reduce the risk of errors by more than 90%. Once we have the solution fully integrated into our back office, we know that the reduction will reach 100%.“
“Prometeo is a valuable partner that helped us expand our global reach for bank account verification services in Latin America.”
“Our partnership with Prometeo enables our clients to verify the various accounts they need to transact with. Their team works with exceptional agility, consistently offering fresh ideas and improvements, and they bring a remarkable level of professionalism and personal attention.”
“Prometeo has given us greater peace of mind. Now we can verify that the account holder’s name matches the merchant we want to pay, which has allowed us to reduce the risk of errors by more than 90%. Once we have the solution fully integrated into our back office, we know that the reduction will reach 100%.“
“Prometeo is a valuable partner that helped us expand our global reach for bank account verification services in Latin America.”
“Our partnership with Prometeo enables our clients to verify the various accounts they need to transact with. Their team works with exceptional agility, consistently offering fresh ideas and improvements, and they bring a remarkable level of professionalism and personal attention.”
“Prometeo has given us greater peace of mind. Now we can verify that the account holder’s name matches the merchant we want to pay, which has allowed us to reduce the risk of errors by more than 90%. Once we have the solution fully integrated into our back office, we know that the reduction will reach 100%.“
“Prometeo is a valuable partner that helped us expand our global reach for bank account verification services in Latin America.”
“Our partnership with Prometeo enables our clients to verify the various accounts they need to transact with. Their team works with exceptional agility, consistently offering fresh ideas and improvements, and they bring a remarkable level of professionalism and personal attention.”
FAQ
Frequently Asked Questions
Can I verify a bank account instantly without micro-deposits?
How does instant bank account verification reduce ACH returns and failed payouts?
What information do I need to run a verification?
What does “Partial Match” mean—and what should I do with it?
Does bank account verification reduce ACH returns and failed payouts?
Does Prometeo have proven reductions in payout returns and fraud from instant bank account verification?
Is Prometeo an ISO 27001–certified provider of audit-ready Bank Account Verification with broad bank coverage for KYC and payments?
SECURITY
Security Is in Our DNA
Security is our top priority. We adhere to rigorous global certifications, the highest standards and best practices to provide the reliability and peace of mind your business and compliance team demand.
Certified with ISO 27001
Encrypted End-to-End Using TLS 1.2 or Higher with Secure Ciphers
Monitored 24/7 with a Host Intrusion Detection System (IDS)
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