Verify Account Status instantly – with 100% coverage of all bank accounts in the U.S.
This first tier of verification – built on FedNow – fulfills Nacha requirements by determining whether an account is open, valid, and ready to send/receive payments. Unlike traditional microdeposits, we don’t rely on end users, eliminating customer friction.
Verify determines within 15 seconds whether an account is open and valid. The API initiates verification utilizing FedNow penny deposits (Orum’s penny) and pulls back the information from the real-time ping. If FedNow is unavailable, the API automatically falls back to Same Day ACH.
When falling back to Same Day ACH, the maximum time it could take to verify an account is T+3 business days.
You will be blocked from making >5 verification requests to the same account within a 24 hour period.
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 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.
Verify Account Status instantly – with 100% coverage of all bank accounts in the U.S.
This first tier of verification – built on FedNow – fulfills Nacha requirements by determining whether an account is open, valid, and ready to send/receive payments. Unlike traditional microdeposits, we don’t rely on end users, eliminating customer friction.
Verify determines within 15 seconds whether an account is open and valid. The API initiates verification utilizing FedNow penny deposits (Orum’s penny) and pulls back the information from the real-time ping. If FedNow is unavailable, the API automatically falls back to Same Day ACH.
When falling back to Same Day ACH, the maximum time it could take to verify an account is T+3 business days.
You will be blocked from making >5 verification requests to the same account within a 24 hour period.
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 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.