Validate Bank Account Details with Trustpair

Verify vendor legitimacy in 190 countries and boost team efficiency through automation. Take action against vendor fraud, now.

0 Fraud

400+ customers targeted by
0 successful fraud events

190 Countries

The largest coverage of international bank accounts on the market

3X Faster

No more manual callbacks, vendor controls are automated

Instant Bank Account Details Validation

Calls, counter-calls, emails, data searches: manual vendor account validations performed by financial teams are vulnerable to fraudulent transactions. Manual, time-consuming, and highly fallible, a single vendor account validation takes over 30 minutes on average. With Trustpair:

International Account Ownership Verifications

Verifying account ownership internationally is not a simple task for Finance teams. Many tools only allow domestic validations. With Trustpair, access automated instant account validations worldwide and guarantee international vendor data quality and legitimacy.

Compliance to UK and International Regulations

Account validation supports compliance with the Economic Crime and Corporate Transparency Act (ECCTA) by acting as a “reasonable prevention procedure” against fraud. It also reinforces obligations under Anti-Money Laundering (AML) laws and Know Your Customer (KYC) rules by verifying the legitimacy of payment recipients.

 

For data protection, it ensures financial data integrity in line with the Data Protection Act 2018 (UK GDPR), while also supporting secure transfers for the 2017 Payment Services Regulations.

 

On a global scale, account validation aligns with international frameworks like the Financial Action Task Force (FATF) recommendations. Together, these safeguards reduce the risk of misdirected payments, fraud, and regulatory breaches – keeping your business protected and compliant.

FAQ
Frequently Asked Questions

Browse through our different sections and find the answer to your question.

Account validation is used to validate that the account you send funds to is the one you think it is – whether a transfer or a direct debit. It verifies both the validity and ownership of bank accounts by checking the company or person’s information is valid (company identity, localization, etc), checking the bank account associated is real (sort code, account number, etc), and checking that both sets of information match.

Sort codes enable you to identify a bank and the branch of a bank account. They’re important to check before processing a payment, to make sure you’re sending payments to the right institutions. Unlike IBANs that work for international payments, Sort Codes are specific to UK banks.

There are different methods to validate sort codes like online tools or direct bank lists.

However, validating sort codes isn’t enough to wipe out fraud. Even if the sort code is valid, it doesn’t mean the rest of the banking information is correct. Fraudsters could have opened an account in the same bank as the actual beneficiary to commit fraud under the radar. It’s important to check more information like the company’s address, country, etc

Not using bank account validation puts your business at serious risk of fraud (vendor fraud, phishing attacks, and CEO impersonation), failed payments, and lost funds.

Without verifying bank account details, errors in the account number, sort code, or other bank account component can go unnoticed. This can result in delays, rejected payments, and extra admin costs when processing invoices or setting up direct debits. For companies handling high volumes of transactions, invalid or outdated account details increase financial exposure. Skipping validation also affects data accuracy, harming customer confidence and internal processes.

Integrating smart bank validation software like Trustpair helps reduce costs, save time, and maintain control over payment processes. Our bank account validation technology ensures your system only processes valid, verified bank accounts. Our system checks bank details throughout the entire payment chain and blocks any fraudulous transaction.

On top of errors and fraud, failing to verify accounts can lead to non-compliance with UK regulations such as BACs Direct Debit scheme rules, JMLSG guidance and ECCTA 2023. This may result in corporate fines and legal issues during audits, especially for publicly traded companies

When bank account validation fails, it means the account details provided can’t be verified as accurate or valid. This could be due to errors in the account number, sort code, or a mismatch with the account holder’s name.

Failed validation increases the risk of failed payments, fraud, and delays in processing invoices or direct debits. It may also indicate that the bank account doesn’t exist in the company’s database, or the country code is incorrect.

Businesses that don’t properly validate bank account info can face operational issues and hidden costs. That’s why validating account details before transactions is an important step in fraud prevention and compliance.

Automate Safely
Our software automates account validation, reducing time-consuming and manual processes, prone to human errors and fraud. Your teams will gain time and peace of mind.

Gain Efficiency
We offer flexible integration modes and can easily connect to your existing systems, designing an easy-to use solution suited to your specific business

Control Globally
Confidently validate vendor bank accounts globally and validate their legitimacy across 190 countries thanks to the largest banking data sources network.

TESTIMONIALS
Voices of Trust

Explore how our solutions have empowered businesses like yours to fortify against fraud and build a resilient financial ecosystem.

malika befares
Malika Benfares
Head of Treasury and Consolidation
sade-telecom-logo

"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."

Michele Bruno
Michele Bruno
CFO and Treasurer
decathlon-logo

"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."

Joffrey Tabouret
Joffrey Tabouret
Head of Treasury and Financing
leaseplan-logo

"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."

Fabrice meunier
Fabrice Meunier
Administrative and Financial Manager
keys-logo

“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”

Fanny Harquel
Fanny Harquel
Accountability Manager
octopharma-logo

“The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details.”

Colin Cesena
Colin Cesena
Middle Office Treasury Manager
axereal-logo

"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."

Mechain Etienne
Etienne Mechain
Financial Manager
groupe-dehon-logo

"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."

mauro portela
Mauro Portela
GBS - Managing Director Global MDM Operations
danone

Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.

Monika Razny
Monika Razny
Treasury and Corporate Finance Manager
edf renewables

We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.

Download our latest Ebook to uncover how AI is reshaping fraud—and how to fight back

Download our latest Ebook to uncover how AI is reshaping fraud—and how to fight back