Bank Account Verification (Penny Drop / Penny-less)
Bank Account Verification API | Instant Penny Drop Check
Verify bank account details in real-time with our secure Penny Drop API. Confirm account holder name and status instantly to ensure seamless and accurate payouts.
Frictionless Payout Validation
Real-Time Validation
Verify account validity and status directly with bank servers in milliseconds.
Penny Drop Success
Perform small token transfers to retrieve and confirm the actual account holder name.
Fraud Prevention
Eliminate transactional errors and prevent fund diversion to fraudulent accounts.
Real-Time Bank Account Verification
Instantly validate bank account status, confirm beneficiary ownership, and retrieve official account holder details.
1. Detail Entry
Submit the account number and IFSC code through our secure API.
2. Penny Drop
Our system performs a micro-transaction (penny drop) to the account.
3. Bank Response
The recipient bank confirms the validity and holder name instantly.
4. Verified Results
Receive the verified account holder name in a structured JSON payload.
Key Features of Our Verification API
Connect Your Business with NeeVed APIs
Integrate powerful verification services directly into your applications and workflows with NeeVed’s easy-to-use APIs.
Frequently Asked Questions
Find answers to common questions about NeeVed’s verification solutions, APIs, and products.
What is NeeVed?
NeeVed is a technology platform offering verification, API, and AI-powered solutions that help businesses verify identities, employment information, businesses, documents, court records, and more.
What verification services does NeeVed provide?
NeeVed provides solutions for identity verification, employment verification, business verification, document verification, court record verification, and other verification requirements.
Does NeeVed provide verification APIs?
Yes. NeeVed provides APIs that businesses can integrate into their own applications, platforms, and workflows.
What is NeevLegal?
NeevLegal is NeeVed's court and legal record verification solution, designed to help businesses search and verify court-related information.
Can I integrate NeeVed APIs into my existing application?
Yes. NeeVed APIs can be integrated into existing applications and business workflows to automate verification processes.
Who can use NeeVed's verification solutions?
NeeVed solutions can support businesses across HR, recruitment, fintech, financial services, legal, compliance, insurance, and other industries.
How can I get started with NeeVed?
You can explore NeeVed's solutions and APIs or contact our team to discuss your specific verification requirements.
Are NeeVed's verification solutions suitable for enterprises?
Yes. NeeVed's solutions are designed to support businesses of different sizes, with scalable verification services and APIs that can adapt to growing business requirements.