Configuring bank account validation
Validation is the process of verifying and ensuring the accuracy, authenticity, and compliance of the provided bank account details. This verification process is essential to confirm that the information adheres to the required standards and formats. Validation is verified in accordance with the bank account formats of each country.
Bank account validation is an optional feature that enables information in different formats such as IBAN, SWIFT/BIC, Routing Number, and Account Number to be validated when specified by an employee or Administrator.
To use this feature, resource bank payments must be enabled.