Differences

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

--- what-is-account-holder-verification [2015/09/30 10:37]
+++ 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.