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Best Practices for Verifying ACH Bank Accounts to Prevent Fraud
June 30, 2025
Q. Currently we use a bank account verification service from PNC. This allows us to enter the ACH routing # and bank account # for US banking only and verifies the account # is valid with a name match. A lot of times, this service does not work for small banks, credit unions, etc. It is only for the bank accounts with the larger banks.
I would like to know what other Accounts Payable departments do in regards to verifying ACH bank accounts when paying vendors via ACH to help prevent…
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