Consumer Bank Account Checker

When you send or receive client funds, how do you really know whose account it is? Whether sending or receiving client monies Consumer Bank Account Checker validates the source or destination of funds.

Do you really know who you are sending funds to?

Consumer Bank Account Checker verifies the bank details are that of the client details you've been provided.

Instant Response
Powered by Experian
Flexible Payment Options
Case Management Integration

Instant Response

Don't hold up any time remitting funds to your client with an instant response

Example Result

Consumer Bank Account Checker is a search performed online via our website. To get started simply sign-up via the 'Register' link below or if you'd like further information why not request a product demo from one of our consultants.

FAQs

How do I add users to Account & Entity Screen?

The Key Contact for the firm, created on registration will be the first Admin User. The Admin User is able to add other users by going to the ‘Account’ section of the website and clicking on ‘Manage Users’.

The user will be sent their unique log-in details to the email address entered. They can then log-in to the system and perform searches.

Please ensure that the email address is entered correctly as it is not possible to change the address once added.

Do you have professional indemnity insurance?

We do have professional indemnity insurance. For more information, please contact us.

What is Consumer Bank Account Checker?

Consumer Bank Account Checker is an enhanced due diligence tool for a firm to check a consumer’s bank account details. This service allows you to check the personal bank account details of a client you are either sending funds to or receiving funds from.

You can use Consumer Bank Account Checker to verify that the bank account details you have been sent by a client are correct before transferring funds to them. You can also use this service to validate source of funds by checking who owns the bank account from which you received the funds.

How is Consumer Bank Account Checker different to the Account & Entity Screen?

Account & Entity Screen is a tool to check the details of a law firm before you send funds to them whereas Consumer Bank Account Checker is a tool for checking the account details of your consumer clients.

Why use Consumer Bank Account Checker?

How do you know that you are sending funds to the correct bank account for your client? There is a huge and growing opportunity for criminals to hijack transactions and hack into personal systems such as email, Consumer Bank Account Checker allows you to check that the bank account details you have been given are correct.

This product compliments and adds protection to your existing Anti-Money Laundering procedures by evidencing that your client is the owner of the account that you are remitting funds to or receiving funds from.

Where does our data come from for Consumer Bank Account Checker?

Our data comes from Experian, a leading global informational services company, who have been working directly with banks to gain access to their client data form verification purposes. After extensive research we have carefully chosen to partner with Experian and we are confident that they offer the very best data and service available.

How much does Consumer Bank Account Checker cost?

The current pay as you go price is £2.50 +VAT.

If you sign up to a 12 month subscription, the price per search will be reduced.

How do I pay for Consumer Bank Account Checker?

All payments for Lawyer Checker searches are taken by direct debit which is set up on registration of your account. We invoice at the start of the month for any searches carried out in the previous month.

If you have a subscription, payment will be taken by direct debit and your schedule will show the equal monthly instalment for this.

What details do I need to enter to perform a search on Consumer Bank Account Checker?

All you need is your client’s First Name, Surname, Date of Birth, Full Address, Bank Account Number, Sort Code.

How do I get my results for a Consumer Bank Account Checker search?

Your results will be sent via email with link to download from site. This will enable you to log in to a secure portal on the website and download your result via PDF.

How long will it take to receive my result when using Consumer Bank Account Checker?

Results are given in real-time subject to all correct information being received.

What result will I receive when using Consumer Bank Account Checker?

You will receive a PDF result that contains four clear sections to show your result. For more information on the Consumer Bank Account Checker service, please click here.

Section 1: Account Check

This section shows if the account details you have searched match a valid bank account. You will receive one of three results:

Result

What does this mean?

Match

The account details you provided match to an existing bank account.

No Match

The account details you provided do not match to an existing bank account. We suggest you exercise caution in these circumstances and fully review your file for any risk indicators.

Unable to Check

Unable to Check means that the bank account exists but Experian do not hold the data and therefore cannot confirm the ownership. This means a definitive response cannot be given.

It could be because Experian do not hold ownership data for this bank or that the account is on old terms with their bank and therefore we do not have consent on this particular account due to its age.

We suggest you exercise caution in these circumstances and fully review your file for any risk indicators. You will not be charged if you receive this kind of result.

 

Section 2: Account Ownership Check

If you have completed the joint/single ownership field on your order form, this section will show whether the account you are searching has matched to the type of ownership

Result

What does this mean?

Match

The ownership type you entered matches the account record.

No Match

The ownership type you entered does not matchthe account record.

 

Section 3: Personal Details Check

This section of your result shows whether the name and Date of Birth (DOB) you entered match the personal details that are linked to the account you have searched. This provided as a score, out of 9.

Please note that a sophisticated fraudster may set up a bank account with the name of a legitimate individual and therefore you should consider this in conjunction with the Account sections of your result.

Score

What does this mean?

1

No match (name and/or DOB are incorrect). Typically, you would reject this.

3

Possible match (name and/or DOB are partly wrong). We recommend you check the particulars searched.

5

Probable match (name and/or DOB are slightly wrong). We recommend you check the particulars searched.

7

Highly probably match (name correct and DOB two digits out). We recommend you check the particulars searched.

8

Highly probable match (name correct and DOB one digit out). We recommend you check the particulars searched.

9

Exact match to name and DOB searched.

 

Section 4: Address Details Check

This section of your result shows whether the address you entered match the address details that are linked to the account you have searched. This provided as a score, out of 9.

Please note that a sophisticated fraudster may set up a bank account with the name of a legitimate individual and therefore you should consider this in conjunction with the Account sections of your result.

Score

What does this mean?

1

No match. Typically you would reject this and we recommend you check the details searched.

2

Possible match. Typically you would reject this and we recommend you check the details searched.

5/6

Probable match (some details missing/partly wrong). We recommend you check the details searched.

7/8

Highly probably match (minor details missing/partly wrong). We recommend you check the details searched.

9

Exact match to address searched.

Will I be charged if I receive an Unable to Check result?

No, if you receive an Unable to Check Result you will not be charged for the search. An explanation of what this result means can be found above.

If you have a subscription for Consumer Bank Account Checker and you receive an Unable to Check result, the search will not be counted as one of your annual search amount.

Are there any restrictions on bank accounts that I can check?

This service only works on personal Current Accounts within the United Kingdom. Please Note: we can only perform checks on bank accounts registered with a UK address.

As a provider of credit check services, Experian have access to a large majority of information relating to bank accounts in the UK. They work with the majority of banks on all tiers and are limited only where they do not have consent to release information on certain accounts (Unable to Check results).

How do you deal with Personal Data?

For full information on Lawyer Checker’s Data Protection commitments, please view our Data Protection statement click here.

If your question hasn’t been answered here, please contact our team and we will be happy to help.

Terms and Conditions (Consumer Bank Account Checker)

To download our Terms and Conditions, please click here.