Verify payment details before processing transactions
IBANcheck adds an IBAN verification step to your onboarding so you can be sure every IBAN is valid and belongs to the right person before you install, activate a service, or run payroll.
WHY IBANCHECK
Onboarding is costly. A wrong IBAN turns it into a loss.
Every new customer or worker costs money to onboard: acquisition, checks, setup, activation, admin time...
If the IBAN is incorrect, or doesn't belong to the person you onboarded, your company risks:
- Losing onboarding, setup and early service or payroll costs
- Having first payments or salary transfers fail
- Spending extra back-office time fixing account issues and disputes
IBANcheck helps you catch IBAN and ownership issues before they become lost revenue.
HOW IT WORKS
How IBANcheck fits into your onboarding flow
IBAN is collected during your onboarding process
The user enters their IBAN as usual in your form or system.
IBANcheck sends a secure verification link
The user receives an email with a unique link to verify the IBAN and start the Open Banking flow.
The user completes a short Open Banking flow
The link opens a regulated Open Banking flow where the user authenticates with their bank. IBANcheck accesses account ownership data in a read-only way.
IBANcheck matches the data and returns a result
IBANcheck compares the bank's account holder details with the identity and IBAN captured during onboarding, and returns a clear result that can be stored with the user's record.
WHO IS IT FOR
Built for large-scale onboarding
For utility companies
Make sure every installation is backed by a real account.
For energy, gas, water, telecom and other utility companies:
- Verify that the IBAN belongs to the customer before installation or activation
- Reduce losses from installations + first weeks of service that never get paid
Result: fewer surprises on the first charge, and more onboarding costs recovered.
For temporary staffing agencies
Pay the right worker, on the right account
For temporary staffing / employment agencies managing large worker pools:
- Confirm that each IBAN really belongs to the worker you onboard
- Avoid misdirected or fraudulent payroll payouts
- Strengthen controls against identity abuse and tax/benefit irregularities
Result: cleaner payroll runs and fewer issues with workers, clients, and auditors.
SECURITY & PRIVACY
Secure by design, compliant by default
Verification is performed through regulated Open Banking flows
Read-only access only: IBANcheck cannot move money or change accounts
Banking credentials are never seen or stored by IBANcheck and remain strictly between the user and their bank.
Data minimisation: only the information needed to verify IBAN and account holder is processed
Designed to support GDPR requirements and internal audit needs
High-volume IBAN verification for utility companies and staffing agencies.
IBANcheck is priced based on verification volume and adapted to the specifics of each business.
Get in touch if you have any questions or would like to receive a pricing proposal.