Verify Account Owner
What this is
You can verify an account owner against an account number to confirm that the account you are intending to pay money to belongs to the person/entity you wish to pay.
This will help you eliminate the risk of paying an incorrect or fraudulent recipient.
You can verify an individual account holder as well as entities/companies.
All you need is the account number, name and ID number of the individual, or the account number, business name and registration number of the business.
Where to find 'Verify Account Owner'
When logged in to your banking profile, use the top right arrow to scroll to 'Insight360'. Next, select 'Reports Menu' on the left-hand side of your screen and
then 'Verify Account Owner'.
OR
While capturing a recipient /payment:
Select 'Recipients', then 'Maintain Folder' and then 'Add' and 'Create Recipient':
You can verify single or multiple accounts.
Verifying a single account
You can verify a single account in real time, with an almost immediate response. Single real-time verifications are only offered when verifying accounts held at FNB,
ABSA, Nedbank, Standard Bank, Capitec Bank and Mercantile.
Verifying multiple accounts
You can verify more than one account at a time. This service is applicable to most banks, with a response within 2 hours.
Import a batch of account verification items
This option is predominantly used by larger clients to import a batch of accounts to be verified all at once, with a response within 2 hours.
Use the predetermined .CSV format or our proprietary ACB (Bankserv - fixed file length) file to import account verifications in bulk.
You have the option to receive feedback on the account verification submission through a report sent to your Online Banking Enterprise™ Inbox, or
directly to your designated email address.
As an added value we can notify you via SMS or email once the account verification response file has been received.
