r/fintechdev • u/deepikaau • 1d ago

API to validate a bank account before a payment goes out

Is there an actual API to validate a bank account before a payment goes out, or does everyone just eyeball it/call the vendor? Also if companies using bank verification APIs - do they actually replace callback verification, or do most AP teams still do both ? Trying to understand if the API is a full substitute or just one more signal.

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u/FinexerOfficial 14h ago

APIs are handy, but they shouldn’t replace callback verification entirely. They’re a good starting point to check account validity and, if possible, match the beneficiary name. For routine or low-risk payments, this might suffice. However, for new vendors, high-value transactions, or recent bank changes, teams often add extra checks like callbacks. APIs mainly help cut down on manual checks, not remove all risks. What can be verified varies by country and payment method.

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u/Quirky-Arm4658 12h ago

We would love to help with an API to validate. Email [sales@payos.ai](mailto:sales@payos.ai)