Instant Bank Account Verification | Verify by Orum

Instant, Accurate, and Efficient Verification.

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Account Status

This first tier – built on FedNow – validates status and covers 100% of accounts in the U.S. Verifying account status fulfills Nacha requirements by determining whether an account is open, valid, and ready to send/receive payments. Unlike microdeposits, we don’t rely on end users, eliminating customer friction.

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Account Control

This second tier is 160x faster than microdeposits and ensures the user has control of the account, combatting Reg E fraud. Verify drops a code into the account and prompts the user to authenticate it.

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Account Ownership

This third tier determines for business and consumer accounts whether the name provided matches data tied to the account being verified. Optional additional fields include Phone Number, SSN, and Tax ID to enhance payment certainty.

100%

Coverage of business and consumer accounts — including digital banks & credit unions

160X

Faster than traditional B2B microdeposits to validate account control

99.4%

Time savings from what you now spend with microdeposits and other flawed solutions

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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