MyGate's Bank Account Validation Service verifies that a bank account and branch code are valid thus reducing debit costs, as no invalid account returns take place after debit order submission.
When uploading a debit order batch file, bank account validation can be done in real-time, ensuring all of the bank account details are correct before submission.
Why use Bank Account Validation?
- Reduce Debit Order Costs
- Increase Collection Times
- Eliminate Invalid Account Returns
How is this Service Accessed?
This service can be accessed from within the MyGate Web Console.
How is a Bank Account Validation Query Submitted?
It can be processed in the MyGate Web Console, when uploading a debit order batch file or by integrating into a web service.
How are Results Viewed?
Results are delivered in real time identifying which bank account details are invalid.