> ## Documentation Index
> Fetch the complete documentation index at: https://docs.orum.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Account Status

> 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](https://www.orum.io/nacha?hsLang=en) 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. 

## How Verify Status Works

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. 

<Note>
  When falling back to Same Day ACH, the maximum time it could take to verify an account is T+3 business days.
</Note>

### Fraud Controls

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

## Verification Statuses

| **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              |

## Webhook Example

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.

```json theme={null}
{
   "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"
       }
   }
}
```