Learn to check bank accounts using the most innovative and simple tool that exists in the market today; All this and much more we tell you in this post!
Checking the legitimacy of a bank account is normally an impossible operation that might wind up slowing down or taking a lot of pacience. However; it is an important activity because if payments are sent to the wrong accounts or fraudsters; it is probable that you will never see that money again, causing significant harm to your enterprise.
Bank information is normally private; or cannot be access without the consent of the account’s owner or the bank that controls the account; which is why the notion of validating a bank account may appear unattainable; if it is not between the parties that carry out a transaction.
Luckly, now exist alternatives that allow you to execute these things in seconds and without going through any sort of bureaucratic process are emerging. APIs are transforming the industry since they enable database verification and synthesis operations to be complete in seconds.
If you provide to an API with an IBAN, their software attempts to identify the account’s bank owner; as well as the nation, address, bank identity code, and other financial information. Then it presents you with this information and you can decide if the account is suspicious, or if everything is as expected and you can continue your transaction.
How Can You Start Using An IBAN Validator API?
The most important thing to know is that an API can perform this checking of bank accounts in a few seconds; and with multiple accounts at the same time; which is very useful if you have a project that makes payments to hundreds of suppliers; and you want to ensure that your funds are not being diverted, for example.
APIs are the ideal tool for carrying out these chores since they allow you to accomplish them automatically through the internet without having to call bank branches; and, as a result, they function every day of the year. In addition, tests using local account validation techniques may already be done in almost 100 countries; offering a second layer of security against incorrect IBAN data.
For all of these reasons and more, many businesses have begun to use APIs to check their payments; since it provides improve security and efficiency in their organizations’ purchasing; and sales processes.
Having said that, we would like to propose that you try this API; which has recently entered the market and promises amazing services at extremely low prices!
Learn All About A Bank Account Using An API!
With IBAN Validator API, you can validate any bank account information (IBAN, BIC/SWIFT, and BBAN) programmatically; and may also obtain further information about the bank, which will provide you with more information on the location of the account. It can validate any number from any Euro nation and establish an IBAN.
IBAN Validator API may also be used to simply convert BBAN numbers to IBAN numbers. If you need to offer someone outside your country your bank information, they will want IBAN, therefore you will produce these numbers for them automatically. More significantly, you will be told in advance if any taxes apply to your purchases. It is a highway to simplify your international payments!
Related Post: Speed Up Your Accounting Department Using An IBAN Validation API