Instant Bank Account Verification | Verify by Orum

Instant, Accurate, and Efficient Verification.

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Account Status

We verify Account Status instantly – covering 100% of all bank accounts in the U.S. This first tier of verification – built on FedNow – fullfills Nacha requirements by determining whether an account is open, valid, and ready to send/receive payments. Unlike traditional microdeposits, we don’t rely on end users, eliminating all customer friction.

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Account Control

This second tier of verification ensures the end user has control of the account – combatting Reg E fraud. Verify drops a random code into the bank account and prompts the user in real-time to authenticate it – removing the lost time and expense of microdeposits.

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Account Ownership Via Name Match

This third tier determines for consumer accounts whether the first name and/or last name provided matches data tied to the account being verified.

The simplest API for fast, reliable payments

The way the world verifies bank accounts is antiquated, slow, and unreliable

Traditional AVS

Limited coverage with only 67% of US bank accounts

Constrained by end user credentials

Costly, slow ACH microdeposits

Data is not reliable for today—but based on historical data, batched nightly and fails to reflect intra-day changes

Orum’s Verify

Instant bank account verification via FedNow with no end-user involvement

100% coverage of all bank accounts leveraging FedNow and Same Day ACH as a fallback

Data is instant and reliable 24/7/365 verifying a business account is open and valid in real-time

No customer friction as technology automates and expedites results

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