Account Status
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"
}
}
}
Updated 5 months ago