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Speedchex Verification System |
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 Speedchex Verification is a System that goes beyond check verification. With access to the single largest source of account information in the world, Speedchex Verification offers the most powerful, accurate and robust verification system available.
Currently, over 170 million accounts reside within this network. Participating financial institutions include, but are not limited to, Bank of America, Wells Fargo, Chase and Citibank. The list of new institutions participating in this network is growing at a rapid pace. Soon the network will include not only the Tier I financial institutions, but will also include Tier II and Tier III institutions (regional and local banks).
With Speedchex Verification merchants can now determine- virtually in real time- whether the account is currently overdrawn, frozen or closed thus ascertaining whether a check is likely to be returned.
Speedchex Verification can help eliminate returned items by verifying if checks are drawn on closed or overdrawn accounts or inaccurate ABA routing or account numbers provided.
Benefits of using Speedchex Verification
- Access to over 145 million consumer dda accounts.
- Verifies Account Status: Open, closed, frozen, or in a negative balance.
- Contributing Financial Institutions from Bank of America to Wells Fargo.
- Transactions completed in seconds.
- Available for use with any of our on-line solutions.
- Easy to use! Link up once and it's ready to go!
- Alerts you to suspicious account activity.
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