User Tools

Site Tools



This shows you the differences between two versions of the page.

Link to this comparison view

what-is-account-holder-verification [2020/06/05 13:06] (current)
Schuzelle van Wyk created
Line 1: Line 1:
 +====== What is Account Holder Verification? ======
 +Account holder verification (AHV or AVS) is a service that allows you to verify whether a natural person or legal entity claiming to be is indeed the holder of a specific bank account.
 +This is done by verifying the person’s identity number (ID) or business registration number against the bank account.
 +A true or false response will be obtained on successful verification and you may also be informed whether the account has been open for more than three months.
 +Bank account holder verification, AHV, is an effective method of reducing the risk of fraud when collecting funds from many accounts. 
what-is-account-holder-verification.txt · Last modified: 2020/06/05 13:06 by Schuzelle van Wyk