| This electronic verification program may be used to authenticate information between financial institutions. It must be initiated by the institution holding the cash or instrument. This program will allow the customers bank to SWIFT or electronically transfer prudent information regarding your account to another financial institution. In order to successfully transmit the account status, pertinent information must be collected about the receiving bank. This program will not work if we are not supplied with the complete account information of the receiving or confirming bank. Some of the information that will be included in this message is: Current Date Account Holder Name Account Number Type of Account (ie. Savings, Checking, Money Market, CD etc..) Beneficiary Status of Account (ie. Blocked/Reserved, Hold Type, Shared etc..) Balance Authorized Signatories United States Banks are very strict in regards to the privacy of their customers and the protection of their personal information. Unlike some other countries, your personal and business banking information is confidential and not public information. No trader, banker or other party outside of the bank can verify your account information unless there is written permission on file at your institution. The term commonly known as a "Ping" is not allowed on a US standard checking or savings account due to privacy laws. There may be exceptions on certain types of accounts or within trade services at your bank, but it is not typical. Domestic banks do not share a common banking system, each institution has their own IBSS (Internal Banking System Software). This limit's the ability of pinging. If any party would like to confirm the status of your account or the balance in your account, they may do so by requesting that information with the customer/account holder or asking them to have their bank send a SWIFT Message Text to the confirming bank. This arrangement can only be set up by the account holder and their banker. To download application, please click HERE! After filling out, please scan and email back to comresinvest@aol.com or fax to 813-425-4680. |
United States Banks Electronic Verification Program
Do You Need Electronic Bank Verification?
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