Bank Account Check
Have confidence that your new and existing employees have provided you with the correct bank details with our bank account check. It instantly validates the sort code and account number you’ve been provided to ensure your employee has entered their details correctly.
We’ll even verify that the employee bank details provided really do belong to the applicant, reducing the risk of identity fraud.
What is it?
Our bank account checks will validate bank account details and ensure they’re set up to receive electronic payments. We confirm that the account details are valid and match the individual’s name and address.
What do I get?
With our bank account checks, we’ll alert you if an entered bank account has been closed, when a match between the sort code and account number hasn’t been found, or if the employee bank details don’t match the applicant’s name and address. This way, you can take action quickly. Find out instantly whether certain transaction types are not accepted on the account (e.g. Direct Credits, BACS clearing, or faster Payments Clearing.) We’ll also return inconsistencies in information, for like when the address match is based on a previous or forwarding address.
What are the benefits?
We resolve payment-related issues immediately rather than later, which could end up costing you more. You’ll also be able to spot and correct discrepancies quickly, so you can protect your organisation against fraud.
To find out more about how you can your verify bank details of your employees with First Advantage, get in touch with our expert team.