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How Account Ownership Works

This third tier of verification determines whether the following provided attributes for consumer or business bank accounts matches data tied to the account being verified:

Consumer Accounts:

  • First Name (required)
  • Last Name (required)
  • Phone Number
  • SSN

Business Accounts:

  • Business Name (required)
  • Phone Number
  • Tax ID

Users request an ownership check using the type parameter of the Verify API.

Note: Either the person or business object is required in order to run an Account Ownership via Name Match check.

EnumDescription
status_ownershipThis request will first make a status check before making an ownership check.
control_ownershipThis request will make a control check in addition to a status check before making an ownership check.

An ownership verification also includes an account status verification. Additionally, you may also include an account control verification.

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Statuses

StatusDescription
pendingThe ownership status check request has been received and is in progress.
fullThe ownership status check came back as a full match, with both first and last names matching on the account or with business name matching on the account.
partialFor consumer name match only, the ownership status check came back as a partial match, with either first or last name matching.
not_a_matchThe ownership status check came back without any matches on first or last name or business name.
not_foundThe data for the requested bank account information was not available to check for a match.
canceledThe ownership status check was canceled due to an invalid account status.

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Fraud Controls

You will be blocked from making >5 verification requests to the same account within a 24 hour period.

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Example Webhook - Consumer Name Match

{
  "account": {
    "id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
    "created_at": "2024-09-26T18:35:05.334Z",
    "updated_at": "2024-09-26T18:35:05.334Z",
    "account_number": "string",
    "routing_number": "string",
    "account_holder_name": "string",
    "email": "[email protected]",
    "type": "status_ownership",
    "person":{
      "first_name": "John",
      "first_name_match": "match",
      "last_name": "Smith",
      "last_name_match": "match",
	  "phone_number": "1234567890",
	  "phone_number_match": match
    },
    "ownership_status": "full",
    "verification_status": "pending",
    "status_reason": "blocked_account",
    "control_status": "pending",
    "debit_status": "pending",
    "debit_status_reason": "blocked_account",
    "estimated_verification_date": "2024-09-26T00:00:00.000Z"
  }
}

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Example Webhook - Business Name Match

{
  "account": {
    "id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
    "created_at": "2024-09-26T18:35:05.334Z",
    "updated_at": "2024-09-26T18:35:05.334Z",
    "account_number": "string",
    "routing_number": "string",
    "account_holder_name": "string",
    "email": "[email protected]",
    "type": "status_ownership",
    "business":{
      "business_name": "ACME Corp",
      "business_name_match": "match",
	  "phone_number": "1234567890",
	  "phone_number_match": match
    },
    "ownership_status": "full",
    "verification_status": "pending",
    "status_reason": "blocked_account",
    "control_status": "pending",
    "debit_status": "pending",
    "debit_status_reason": "blocked_account",
    "estimated_verification_date": "2024-09-26T00:00:00.000Z"
  }
}

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