Are you trying to find a good API to quickly detect bank account errors? You need to try this one!
When you transfer money from one bank account to another, there are several steps that must be followed to ensure that the transaction is completed successfully and without errors.
The following information must be provided when transferring funds between accounts:
- The name of the account holder.
- The full account number of the recipient.
- The bank branch where the recipient’s account is located.
- The name of the sender.
- The sender’s account number.
Each of these pieces of information is crucial, and any error in one of them can cause a transfer to fail or result in a charge being applied to the sender.
What is an error?
An error is a problem that occurs during a transaction that causes it to be canceled or delayed. Errors are typically caused by incorrect information being entered into the system or by a system malfunction. In the case of banks, this means that there is no middleman to verify that the information on your bank account is correct. If there is an error in your bank account information (for example, if you accidentally enter one digit wrong), then your payment will not be processed and you will not receive your goods or services.
What is an exception?
An exception is a problem that occurs during a transaction that causes it to be canceled or delayed, but unlike an error, it does not require the transaction to be started over from scratch. Exceptions are typically caused by incorrect information being entered into the system or by a system malfunction.
Why do errors occur?
Errors can occur for many different reasons. The most common reason for errors is human error. People make mistakes, and when they enter information into a computer, those mistakes can cause errors.
Another common reason for errors is system malfunctions. Computers are machines, and like all machines, they occasionally break down and need to be repaired.
How do you avoid errors?
There are several ways you can avoid errors when transferring funds between accounts. First, make sure you have all of the necessary information before starting the transfer. Second, double-check all of the information before finalizing the transfer.Also, use an API to detect bank account details errors. This will save you time and money! In order to detect errors, we recommend trying IBAN Validator API.
Why do we recommend IBAN Validator API?
With this API, forget about errors in your bank accounts! IBAN Validator API will help you avoid them. Also, with this tool at your disposal, you will be able to have confidence in your banking information and transactions.
What does this API receive and what does it provide (input/output)?
This API will receive the bank account number and it will provide you with more information about it such as if it’s valid or not.
What are the most common uses cases of this API?
This API is ideal for those companies that need to verify bank accounts before submitting their payments. Also, if you want to have a safe database with valid bank accounts, this API is for you. And as we said before, this will also help you avoid any chargebacks that might happen later on with these bank accounts.
Now that you know about the best option to detect bank errors, follow these steps and give it a try today!
1- Go to IBAN Validator API and simply click on the button “Subscribe for free” to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.