How does the Bank Account Verification (BANV) Work?

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The Bank Account Verification (BANV) product verifies that the bank account and branch code are valid. 

There are two types which incur different costs.

- BANVR (real-time response) for Account Holder Verification Real Time; 60 Second Response
- BANV for Account Holder Verification: 120 Minute response

Bank Account Verification can be done via manual upload and API. Attached to this article you'll find:

At the time the BANV batch is processed, all but the CDV failures will be executed.

Check Digit Verification (CDV) is a preliminary check on account validity. The combination of six digit bank branch number and the bank account number are validated to ensure that they satisfy the check digit rules that each bank has. Passing this test does not necessarily mean that the bank account is valid and open. However, failing it does mean there is no such an account.

Whatever the message, you still need to go back to your customer to get the correct bank branch (the universal code for each bank almost always works) and the correct bank account number.

 

Code

Description

090

CDV test failed

099

SARS account not allowed

100

Failed Firstrand CDV test

101

Invalid branch code

103

Account number must be numeric

103

Account number must be numeric

104

Account number must be greater than zero

105

Invalid account for bank branch

106

Failed all Absa/Meeg CDV tests

107

Failed Merchant CDV test

108

Failed HBZ CDV test

109

Last 2 digits of these a/cs must not be zero

110

These accounts may not exceed 10 digits

111

These accounts must have 10 digits

112

Nedbank 13 digit account error

113

Nedbank 13 digit account error

114

Failed Standard Bank Swazi/Lesotho CDV test

115

Failed Habib 11 digit CDV test

116

Grindrod CDV test

117

Standard 11 digit ac must be in branch 051001

118

Standard 11 digit ac must start with a '1'

119

Standard 11 digit CDV error

901

unexpected CDV error

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