## What is Account Intelligence?

Socure Account Intelligence validates bank account information to answer the following questions:

1. Does this bank account actually exist?  
2. Does it belong to the individual or business claiming it?

Account Intelligence is available in two product modules:

| Module | Description | Region support |  
| --- | --- | --- |  
| Account Intelligence: `accountintelligence` | Quickly confirms whether a bank account is open or closed. | U.S. only |  
| Account Intelligence Premier: `accountintelligencepremier` | Provides broader coverage and higher confidence in account-level details, powered by premium data sources. | U.S. only |

With Socure Account Intelligence, you can build fast, accurate, and seamless account validation into your workflows. The solution leverages database cross-referencing, penny-drop verification, and statistical modeling to verify bank accounts and reduce payment risk.

> 📘  
>  **Note**:  
>  The penny drop verification includes the descriptor of your company name in the company entry description field and can be amended from time to time via standard support requests:  
>  To ensure that your customers understand how to identify these deposits, we recommend updating any of your own customer support resources to reflect these changes.

## What you can do with Account Intelligence

- Confirm account existence – Validate whether a bank account is real and active  
- Verify ownership – Ensure the account belongs to the individual or business claiming it  
- Reduce payment risk – Detect closed, frozen, or high-risk accounts before transactions  
- Streamline onboarding – Enable seamless account linking with minimal user friction  
- Prevent fraud – Identify duplicate or suspicious accounts tied to benefit fraud, synthetic identities, or account misuse  
- Optimize payments – Confirm account status before initiating deposits, withdrawals, or recurring charges

## Unique Features

**Real-time account validation**

Verify bank account existence and ownership instantly to accelerate onboarding, reduce manual checks, and minimize drop-off during customer acquisition.

**Fraud prevention intelligence**

Detect and block fraudulent or misrepresented accounts early using multi-method verification that combines database cross-referencing, penny-drop deposits, and statistical modeling.

**Risk-based scoring**

Granular `availabilityScore` and `ownershipScore` values enable precise risk-based decisioning aligned with your organization’s tolerance for payment and fraud risk.

**Consumer and business support**

Validate both individual and business accounts with optional data inputs (SSN, EIN, phone, address) for stronger ownership confirmation across a variety of use cases.

**Transaction-ready integration**

Purpose-built for ACH, BNPL, subscription, and merchant onboarding workflows, ensuring reliable account validation without slowing down transactions.

Updated about 1 month ago