Bank Account Verify Suite

MicroBilt’s unique access to real-time and historical bank account verification information provides a cross-institutional view of a consumer’s banking activities and account status to more precisely evaluate the behavior and trends associated with a consumer’s check cashing and debit card transactions.

The most complete and predictive bank data including:

• Daily updates of the most current account activity
• Validate bank accounts
• Confirm ability to receive ACH transactions
• Identify all bank accounts associated with an applicant
• Detect High Risk factors by institution with daily updates
• Highly predictive Banking Performance Score

"By using Bank Account Verify as our first step in our decisioning, we have reduced our Delinquency Rate significantly and have lowered our cost of acquisition by over 20%. Bank Account Verify is a great product; a product we have to have in our underwriting process to achieve a high level of success."

Risk Manager Top-tier Online-Short Term Lender

Bank Account Verify delivers the industry’s most robust and predictive banking information available to manage the risks of your short-term lending business.

Account coverage of more than 85% of the inquiry and performance records for bank accounts in which a status on an ACH or check instrument is able to be obtained and more than 95% account coverage when used with our DDA product.

Historical DDA Performance Report delivers historical bank account information about an applicant to evaluate past trends in their banking performance.

• Bank account closure history
• Number of returned checks
• Bank account inquiry history

When added to our Bank Account Verify, you receive more than 95% account coverage of the inquiry and performance records for bank accounts in which a status on an ACH or check instrument is able to be obtained.