Bank Account Verification Service

Perform fast bank account checks for users in Europe

Confirm identity, validate bank account ownership, and assess financial risk in one seamless solution. Users simply select their bank, provide consent, and authenticate. Fully compliant with EU PSD2, AML/CTF frameworks, and ready for upcoming regulatory changes.
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25+
countries covered
450M+
users covered
<30
seconds to verify users
Screen payment methods
Instantly verify bank account ownership in real-time to confirm payment legitimacy and prevent fraud, document-free.
Check creditworthiness
Analyze credit limits, balances, and spending patterns to assess financial risk and provide actionable, data-driven insights.
Verify SoF and SoW
Validate the origin of customer funds and transaction history to ensure compliance and prevent unlawful activities like money laundering or terrorist financing.

How does Bank Account Verification work?

Step 1: Bank selection
The user selects their country and bank from available lists
Step 2: Bank log-in via a prompt
The user reviews the Terms and Conditions, provides their consent for account data processing, and logs into their banking app via a prompt
Step 3: Account ownership check
Upon successful login, Sumsub extracts the necessary account, balance, and transaction data and transmits it to the client via API and SDK

Available across 29 EU/EEA member states

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden

Why Choose Bank Account Verification?

Fraud Prevention
Minimize the risk of identity fraud, including account takeovers and misuse of credentials, by verifying payment ownership and transaction details.
Regulatory Compliance
Stay compliant with PSD2, AML/CTF frameworks, and new mandates like the Instant Payments Regulation to prevent money laundering and terrorist financing.
Optimized Due Diligence
Speed up onboarding and compliance checks with real-time, document-free access to validated banking data across 29 countries in Europe.
Risk Management
Analyze balances, transactions, and behaviors to detect irregularities early and fast-track low-risk customer onboarding.

Onboard users in Europe with a single
verification tool

Sumsub's QES Verification provides a fully compliant pan-European customer onboarding solution that also
enables electronic document signing with the legal power of a handwritten signature.

Step 1
Step 2
Step 3
ID verification
Seamlessly capture and verify documents at the highest fraud prevention level.

Qualified Electronic Signatures let you onboard customers fast while following EU regulations. They
can be added to your systems using our Web and Mobile SDK.

Don't take our word for it.
Here's what clients have to say

  • After we signed with Sumsub and integrated their tool, we managed to increase the speed of verification by more than 4 times. Concurrently, the number of our clients increased by more than 3 times.
    Clyde Zorgvol
    Clyde Zorgvol
    Deputy Group Head of Compliance
  • With Sumsub, we’ve managed to reduce user fraud to practically zero. Since we began using Sumsub, fraud is just one less thing we’ve had to worry about.
    Amram Adar
    Amram Adar
    Co-Founder and CEO
  • As an online marketplace, security and safety for our users are critical issues. We needed KYC software that we could trust. Partnering with Sumsub supported our platform’s growth by allowing us to onboard many more users safely and securely.
    Jonathan Cook
    Jonathan Cook
    Teacher Success Manager

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FAQ

  • What is bank verification?

    Bank verification is the process of confirming that a person's bank account details are valid and belong to them. It's a way to verify account ownership and is often done using a bank account verification service.

  • What is the purpose of bank account verification?

    The main purpose of online bank account verification is to prevent fraud and ensure that the person claiming to own an account actually does. It helps businesses and financial institutions validate customer bank details before processing payments or transferring money.

  • What software is used to verify bank account?

    Various bank verification software solutions are available to enable instant bank account verification. These tools connect with banks to securely confirm account details in real time.

  • What is the API for bank account validation?

    A bank account verification API allows applications to interface with banking systems and programmatically validate account information. The API acts as a bridge between the verifying organization's software and the bank's account database.