> ## Documentation Index
> Fetch the complete documentation index at: https://documentation.idenfy.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Bank Verification Workflow Step

> Configure the bank verification step in iDenfy workflows to collect account data, IBANs, balances, and transaction history from EU banks.

1. **Basic Account Data** – Includes the bank name, bank country, risk level, and other general details.
2. **Account IBAN Data** - Provides IBANs and account owner details, along with the information from the first layer.
3. **Account balances** – Displays the available and booked account balances if requested.
4. **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.

<img src="https://mintcdn.com/idenfy/tO7U7zfGRJaOAxFP/images/guides/step-bank-verification--image-20260126-142811.png?fit=max&auto=format&n=tO7U7zfGRJaOAxFP&q=85&s=916744f0c2e3c7240df05cad58ba0f31" alt="image-20260126-142811.png" width="908" height="705" data-path="images/guides/step-bank-verification--image-20260126-142811.png" />

To set up the bank verification, follow this flow:

<iframe src="https://app.supademo.com/embed/cm92mkgvh2l5weyp0x2aokyg5?embed_v=2&utm_source=embed" width="100%" height="550" allow="fullscreen" allowFullScreen />