The simplest and most reliable way to verify a borrower’s bank account.
Secure fund disbursement, accelerate credit approvals, and strengthen your KYC processes.
Secure the disbursement of funds
Before releasing loan funds, make sure the bank account truly belongs to the borrower.
Ibantrack verifies the bank account ownership directly with the issuing bank, giving you instant confirmation that the account matches the borrower’s identity.
Eliminate the risk of transferring funds to the wrong or fraudulent account.
Accelerate credit approvals
Speed up your credit approval process and onboard customers faster.
Instant verification reduces back-and-forth document checks, helping you process applications more efficiently, while maintaining full security and compliance.
Respond to credit requests in record time and improve your customer experience.
Strengthen your KYC and regulatory compliance
Ibantrack acts as a complementary KYC verification method, confirming that the bank account provided truly belongs to the applicant.
This additional verification step aligns with regulatory requirements for remote or digital subscription of financial products, reinforcing both your security and your compliance posture.
Secure fund disbursement.
Accelerate loan approvals.
Stay compliant with regulations.
FAQ
Frequently Asked Questions
How does Ibantrack verify the identity of an IBAN holder?
Ibantrack queries the banking institution linked to the IBAN directly and in real-time.
Unlike a simple format or checksum check, we confirm that the name (or company name) matches the bank's official records.
Which countries are covered by Ibantrack?
Ibantrack allows you to verify bank accounts across the entire Eurozone.
This secures your international transactions and simplifies the management of your European suppliers, customers, and employees through a single solution.
Can I check IBANs from any bank, including neobanks?
Yes. Ibantrack allows you to verify IBANs from banks across the Eurozone, including traditional institutions, neobanks (such as Revolut, N26 or Trade Republic), and other payment service providers.
Is the verification result reliable?
Yes. Ibantrack queries the bank holding the account directly, allowing them to perform the check against their own live records.
The result is fully reliable and definitive, unlike other solutions that rely on past transaction history or crowdsourced databases. Only a direct query to the banking institution can guarantee the holder's identity and effectively protect you against wire transfer fraud.
Does your solution allow me to find out who owns an IBAN?
(e.g., to find a name after an accidental transfer)
Due to security regulations and banking secrecy, you must always provide both the IBAN and the identity (name or company name) of the beneficiary. We then confirm if these two elements match.
If the identity entered is a close match to the bank's records (e.g., a typo, a compound name, or a maiden name), Ibantrack will provide the exact name registered by the bank. This transparency allows you to clear up any doubts instantly and proceed with confidence.
However, if the identity does not match at all, we are not authorized to reveal the actual account holder's name. We will simply inform you that the details do not match, signaling a risk of error or fraud.
How do you ensure Data Privacy and Security?
We take data protection seriously and adhere to the highest global standards, including GDPR compliance.
All information is transmitted to banking institutions through secure, encrypted channels solely for the purpose of verification. To ensure maximum privacy, no banking data is stored permanently on our servers beyond your own consultation history.
We implement rigorous security protocols to protect your information and that of your beneficiaries, regardless of where your business is located. For more details, please refer to our Privacy Policy.
