Global Bank Validation Status for Customers on Payments

The validation result comes from a third-party service, and PaymentWorks displays that response exactly as returned. You'll find results in Bank Account Lookups, on the Locations & Banking tab of the Payee Profile.

Each validation returns two components to review before processing payment:

Account Status — is the account open and able to receive funds
Ownership Verification — does the account belong to the expected payee

Understanding the status you'll see

PaymentWorks combines the account status and ownership result into a single, plain-language status so you know exactly where things stand at a glance.

What you'll see	What it means
Valid Account – Ownership Match (Name Only)	The account is open. Ownership was confirmed by name match only — Tax ID is not used in verification.
Valid Account – Ownership Unverified	The account is open, but ownership couldn't be confirmed. Review before processing payment.
Invalid - Account Closed	The account is closed.
No Information Found - Validation cannot be completed	The provider couldn't return a result for this account. Validation is inconclusive.
Verification Pending	The validation request has been submitted and is still in progress. Check back for an updated status.
Verification - Error	Something went wrong while processing the validation or the account's country isn't yet covered by this validation service.

Validations completed previously on foreign vendors will continue to display legacy statuses. The new statuses apply only to new foreign bank account submissions.

Global Bank Validation Status for Customers on Payments

Global Bank Account Validation lets you verify that a named vendor is associated with the bank account they've provided, for both individuals and businesses.