How to Verify a Valid Bank Account

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Small business service providers, property owners and anyone else who accepts checks or electronic payments often use bank account validation as a tool to mitigate risk. Depending on your needs and the numbers of annual verifications, this can be done manually or through fee-based electronic methods. As a first step, inform your customer or tenant in advance that you intend to validate the account.

How It Works

Do It Yourself

Online Verification

Fee-based online verification is available if you need more information, such as when account verification is part of a credit application. To use it, you’ll need the nine-digit bank routing number in addition to the account holder's name and account number. In general, a fee-based service will not only verify that a bank account is valid, but also if it's a checking or savings account, the opening date and the account holders name.

Real-Time Verification

Small business owners who accept electronic payments can use an Automated Clearing House network to access a customer’s bank account, verify information and transfer funds in real time. An ACH system links participating financial institutions into a network. Validation services, which are available in-person and online, can include both current and historical information. The service first checks to see if an account is open and in good standing. A second validation level searches the customer's record for bounced checks.


About the Author

Based in Green Bay, Wisc., Jackie Lohrey has been writing professionally since 2009. In addition to writing web content and training manuals for small business clients and nonprofit organizations, including ERA Realtors and the Bay Area Humane Society, Lohrey also works as a finance data analyst for a global business outsourcing company.