- Basic Account Data – Includes the bank name, bank country, risk level, and other general details.
- Account IBAN Data - Provides IBANs and account owner details, along with the information from the first layer.
- Account balances – Displays the available and booked account balances if requested.
- Full Transaction History – Retrieves transaction data for up to one year, including transaction date, booking date, details, recipient, amount, and more.Requiring bank verification is a good idea if:
- You want to avoid any potential issues with onboarding an illegitimate company.
- Your company’s processes require knowing potential partners’ finances.
- You are working in a high-risk industry.
- You have a legal regulatory obligation.
- You want to ensure that the company is not participating in money laundering.
- You want to evaluate the registering company’s financial situation.
