Tink Account Check is an open banking product that enables businesses to instantly verify the ownership and details of a user’s bank account by fetching real-time data directly from banks. The solution retrieves information such as account number, IBAN or routing number, and account holder name, and in some markets, additional identity data. This verification process is performed through a seamless user consent interface, eliminating the need for manual data entry and reducing onboarding friction. Account Check is suitable for a wide range of use cases, including customer onboarding, pay-in and withdrawal verification for investment platforms, and payout validation for online marketplaces. The product is designed for easy integration via API and supports both consumer and business account verification.

Key Features

Real-Time Account Verification Confirms account ownership and details instantly using bank-sourced data.

• Fetches account number, IBAN, routing number, and account holder name
• Supports additional identity data in some markets

Seamless User Consent Flow Streamlined interface for user authentication and consent.

• Reduces manual data entry
• Enhances user experience and conversion rates

Business and Consumer Account Support Verifies both personal and business bank accounts.

• Business Account Check feature for instant business account verification
• Suitable for a variety of onboarding and payment scenarios

API-Driven Integration Easy to embed in digital platforms and workflows.

• Comprehensive API documentation and sample projects
• Rapid deployment and scalability

Compliance and Security Operates under open banking and PSD2 regulations.

• Secure data handling and user authentication
• Reduces risk of fraud and errors

Benefits

Faster, More Reliable Onboarding Accelerates customer verification and reduces drop-off.

• Instant confirmation of bank account ownership
• No need for manual document uploads

Reduced Fraud and Payment Failures Ensures accurate account details and ownership.

• Minimizes risk of fraud and misdirected payments
• Supports regulatory compliance

Improved User Experience Simplifies the verification process for end users.

• Fewer steps and less manual input
• Higher conversion rates for digital services

Versatile Use Cases Applicable across multiple industries and scenarios.

• Onboarding, pay-in, withdrawal, and payout verification
• Supports both B2B and B2C models