Bank Account Number Verification - BANV/BANVR - Rapid Pay Collect

Bank Account Number Verification - BANV/BANVR - Rapid Pay Collect

Reduce your “rejected transaction” costs

Save on your transaction costs by reducing the number of transactions that are returned or rejected due to incorrect account details.

Our automatic CDV (check-digit verification) will pre-validate bank accounts to determine if account numbers are consistent with bank and branch validations. This aspect of the service runs on our platform and is free to all bank account verification (BAV) clients.

The BAV service then submits and verifies details with the banks to significantly reduce the risk of setting up debit orders against invalid or dormant accounts, or making payments into incorrect accounts.

Bank Account Number Verification (BANV/BANVR- AHV, AVSR), is done by providing a positive or negative response to the following information:

Account number is valid;
ID number/company registration number matches;
Initials and surname/company name matches;
The cellphone number registered on the account;
The Email address registered on the account;
Current or savings account is open;
Account has been open for more than three months;
Account accepts debits;
Account accepts credits.


BANV is available as a batch or real-time service and can be integrated into your systems via our API. >> See our API Technical Document Attached - Includes, Collections Specifications, Payments Specifications, BANV, BANVR etc. (Full Technical Specification).

You can use BAV as a pre-paid service with monthly or as-needed top-ups, or you can apply for monthly billing.
For further information on this, please contact our Sales Team at: sales@rapidpaycollect.co.za
If you want to apply for a facility with Rapid Pay Collect, please find our Application Form attached hereto.
Please email our Sales Team at: sales@rapidpaycollect.co.za with the fully completed application form as well as the supporting documents as requested.


For your convenience, we have also attached our API Specifications document, for Debit Order Collections and Payments, for integration into your own software systems>>>> See attached API Technical Specification Document.

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