With the ‘insic Update’ series of articles, we give you a complete overview of the software required to implement the compliance requirements of German and European regulation.

You can find all articles in this series on our multilingual overview page.

IBAN Account number Check for IBAN pre-checking during input by the user

With the IBAN Account number Check, we verify the validity of the information provided by users in the IBAN and BIC data fields. The current specifications of the Deutsche Bundesbank and international institutions are continuously updated. During registration, identification, and via the API, we check the bank data when it is entered or corrected.

What if the user has forgotten his IBAN? No problem! We reliably calculate the IBAN from the combination of sort code and account number. Based on the user's input, the system automatically identifies the correct form for conversion and, in case of uncertainty, prompts for the sort code.

This external service also helps prevent intentional false entries and typing errors during input.

The correction mechanisms are available during registration and via the API as a web service integrated into the widget.

The annual flat fee is billed transparently and easily via your insic contract.

Your advantage:

• By using the online account check, the number of incorrectly entered account details is drastically reduced.
• The identification process becomes less prone to errors.
• Costs related to chargebacks due to incorrect account data are minimised.
• The effort associated with investigating and correcting errors is significantly reduced.

This service supports the following countries: Belgium, Bosnia and Herzegovina, Germany, Finland, France, Lithuania, the Netherlands, Switzerland, Slovenia, Slovakia, the Czech Republic, Austria, other countries on request.

Improve conversion and user experience with our account number check!

Quelle: insic GmbH