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What does a bank account checker do?

The bank account checker modulus checks and validates sort code and account number combinations. It returns bank branch addresses and checks if the branch allows Direct Debits, Direct Credits, CHAPS and Faster Payments. Validate bank details to ensure that the account meets Bacs validation requirements for Direct Debit.

How does our software check a bank account?

Our software checks not just the bank account number and sort code, but that an account is direct debit capable and CHAPS supported, too. It also returns the Bank Identifier Code. Most European banks can be checked to make sure the correct IBAN and BBAN formats are being used.

Why do I need to verify my bank details?

Verify bank details at the point of entry to avoid payment errors and bank charges. Our software checks not just the bank account number and sort code, but that an account is direct debit capable and CHAPS supported, too. It also returns the Bank Identifier Code.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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