Running a business in 2025 means being thorough about who you deal with – whether it is customers signing up or companies you are partnering with. Fraud is a real pain, and failing to comply can cost you big time.
That is where solid bank verification services come in. We have researched the top players in this space, and here is our rundown on what makes each one stand out. These are the leading services, based on what they are good at and what they are best for.
1. iDenfy
Official Website: https://www.idenfy.com | Score 4.9
iDenfy has a reputation for being the go-to choice in 2025 when you need instant verification. You do not need to switch through different tools or vendors, which is a lifesaver for fast-paced businesses like fintech startups, banks, or online stores.
iDenfy confirms that a bank account is valid, active, and actually belongs to the verified user – it matches account details with identity records, and validating IBANs helps businesses reduce failed transfers and prevent fraud.
Why Choose iDenfy:
- Checks the ownership of the bank account; if the user’s name matches the name on the bank account, this way reduces the risks of fraudulent account usage.
- Verifies if the bank account is active and exists with the stated bank, preventing issues like payments being sent to closed or non-existent accounts.
- Easy onboarding keeps customers from leaving during the sign-up process.
- Global compliance – up to date with regulations worldwide.
If you are expanding internationally or want to simplify your compliance game, iDenfy is the gold standard. It is secure, user-friendly, and saves you from vendor overload.
2. Sumsub
Official Website: https://www.sumsub.com | Score 4.6
Sumsub has quickly risen and is known as one of the most comprehensive verification and compliance providers for fintechs, banks, and online platforms. Sumsub has its all-in-one ecosystem, offering KYC, KYB, AML monitoring, and bank account verification, which makes it a direct competitor to other full-service providers.
What sets Sumsub apart is its focus on compliance automation. Instead of forcing businesses to track shifting regulations across regions manually, the platform adapts workflows to meet the specific compliance requirements of each country, if they differ.
Why Choose Sumsub?
- Bank account verification: Confirms ownership and validity of bank accounts with high accuracy.
- AML compliance tools: Automated screening against sanctions, PEPs, and watchlists.
- Global coverage: Verification services across 220+ countries and territories.
- Fraud prevention: AI-driven checks for document tampering, identity theft, and unusual activity.
Sumsub is especially popular among growing fintech startups and banks that need to expand into new regions and stay compliant.
3. Socure
Official Website: https://www.socure.com | Score 4.5
Socure stands out for its ability to verify users that other providers often miss. By leveraging alternative data sources, it ensures coverage for users outside the traditional banking ecosystem.
Why Choose Socure:
- Broad coverage: Great for smaller banks or underbanked users.
- Unique data: Uses alternative sources for better reach.
- Pinpoint AI: Accurate without turning away legit users.
- Fintech favorite: Loved by companies pushing financial inclusion.
Socure is ideal if you are reaching new markets and need a verification system that is both inclusive and secure.
4. GBG
Official Website: https://www.gbg.com | Score 4.4
GBG has been around long enough to earn a strong reputation in the identity and fraud-prevention space. Based in the UK, the company has expanded globally, helping banks, fintechs, and online businesses mitigate risk by verifying the identity of their customers and partners.
One of GBG’s biggest strengths is its bank account checks combined with broader identity verification tools – instead of telling you whether a bank account is valid, GBG can also confirm the identity and address of the person or business tied to the bank account, making the process far more reliable, especially in markets where fraudsters often use legitimate-looking accounts to cover their tracks.
Why Choose GBG:
- Bank account validation: Instantly confirms account and sort-code combinations.
- Identity verification: Matches names, addresses, and IDs against global datasets.
- Regional expertise: Particularly strong in the UK, Europe, and Australia.
- Scalable solutions: Works for both high-volume financial institutions and smaller online businesses.
What makes GBG appealing is its all-around approach – not just to check numbers in a database – it is piecing together a complete picture of whether an account and the people behind it are legitimate. For companies that want a broader layer of trust in their customer or supplier relationships, GBG is a reliable partner.
5. Plaid
Official Website: https://www.plaid.com | Score 4.2
Plaid is a name you have probably heard if you are in fintech. They are popular for financial APIs, especially for linking and verifying bank accounts in real time. Various apps lean on Plaid because it is fast, reliable, and does not make users go through complicated processes.
Their game is instant account verification – no waiting days for those annoying micro-deposits to confirm a bank account. Customers can connect their accounts in seconds, resulting in fewer people abandoning the sign-up process. It is changing much for businesses where speed keeps users happy and boosts sales.
Why Choose Plaid:
- Huge reach: Connects to thousands of banks in North America and Europe.
- Lightning-fast: Links accounts in under 10 seconds.
- Super secure: Uses read-only access, tokenized logins, and multi-factor authentication.
- Dev heaven: Their APIs are clean, well-documented, and easy to plug in.
- Trusted by the best: Powers major fintech players.
Plaid is perfect for startups or payment apps that need quick, scalable bank connections with a focus on keeping customers happy. If speed and developer ease are your vibe, Plaid’s got you.
6. LexisNexis
Official Website: https://www.lexisnexis.com | Score 4.1
LexisNexis Risk Solutions is one of the most trusted names in risk intelligence, and for a good reason. Their bank verification tools go beyond just checking whether an account number exists – they are focusing on ensuring payments actually reach the intended recipient, which is very important in today’s landscape where invoice fraud and payment scams are on the rise.
Their Bankers Almanac Validate service, for example, verifies global bank details like IBANs, SWIFT codes, and routing numbers. Combined with Safe Payment Verification, businesses can confirm not just that an account is real, but that it belongs to the person or company expecting the payment. For enterprises sending thousands of payments each month, that is a major safeguard.
Why Choose LexisNexis:
- Global coverage: Supports international payment systems and cross-border transfers.
- Fraud prevention: Protects against misdirected payments and impersonation scams.
- Compliance-ready: Helps businesses stay aligned with AML and KYC requirements.
- Flexible access: Offers both APIs for large-scale integration and web portals for smaller teams.
LexisNexis is especially strong for enterprises and multinational corporations, where the cost of a single fraudulent payment can be devastating. By layering bank account validation with identity and compliance checks, they provide peace of mind that payments are accurate, secure, and legitimate.
Conclusion
Choosing the right verification service in 2025 depends on what your business needs – whether it is iDenfy, Plaid, or other service providers. Each of these services brings something special, from AI technologies to global compliance or startup-friendly flexibility. Select the one that suits your style, and you will keep fraud at bay while making life easier for your customers.
Try for free 
