Verification

Verify bank accounts instantly with our Verify API. Verify determines within 15 seconds whether an account is open and valid. The API initiates verification utilizing RTP or FedNow penny deposits (Orum’s penny) and pulls back the information from the real-time ping. If RTP and FedNow are unavailable, the API automatically falls back to Same-Day ACH. In that scenario, the maximum time to verify account status would be T+3 business days. In addition, Verify confirms ownership and we push that information back to you via webhook.

Verification Status

Status of account verification.

Verification Status	Description
pending	Acknowledgment of the request being received
valid	A bank account is open and valid
closed	A bank account is closed
invalid	The bank account information provided is invalid
failed	The verification request has failed

Verify Webhooks

Verify webhooks are configured using the same Deliver endpoints. For event_types the webhook configuration can either use subscribe_all or specifically use verify_account_updated for verify webhook events.

Sample Webhook Event

{
   "event_id": "36fa9e91-b63d-4cc4-9055-eab98198a7ea",
   "event_type": "verify_account_updated",
   "created_at": "2023-06-01T15:00:09.374Z",
   "event_data": {
       "account": {
           "id": "2b610cd7-0366-47a0-94c7-923dc0472bc5",
           "account_number": "12345678910",
           "routing_number": "102001017",
           "account_holder_name": "John Doe",
           "verification_status": "pending",
           "estimated_verification_date": "2023-07-26T00:00:00Z",
           "created_at": "2023-06-01T14:59:46.751044Z",
           "updated_at": "2023-06-01T15:00:05.250318Z"
       }
   }
}