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Instantly verify if a bank account is open, active, or restricted — before sending funds.
Stop failed payments, reduce operational risk, and improve payout reliability. This check confirms the current operational status of any bank account in real time, helping you avoid sending funds to closed, frozen, or dormant accounts.
Trusted by 289,000+ businesses
What’s Verified
MonitorPay scales with your business, offering flexible integration options designed for any workflow. Whether you need to automate thousands of checks via our robust API, conduct manual investigations through our intuitive dashboard, or verify large datasets with bulk file uploads, we provide the tools to secure your payments exactly how you work.
Account
Operational Status
- Open & Active
- Dormant / Inactive
- Closed or Frozen
- Restricted
Real-Time Usability Check
Indicates if the account is currently able to receive payments.
Bounce Risk Scoring
Score indicating the likelihood of a transaction being rejected due to inactivity or restrictions.
Data Provenance
Response sourced directly from regulated financial institutions, partner banks, and open banking rails.
Timestamped Audit Trail
Full traceability for compliance and payment logs.
For Business Accounts — Additional Insights
When available, we also provide verified firmographic context:
- Legal Entity Name
- Company Registration Number
- Social Profiles
- Company Website
- Registered Address
- Industry Classification
- VAT Number (if applicable)
- Incorporation Date & Status
- Ownership Structure (UBO & Shareholders)
Global Coverage
Supported in:
Europe (EU, UK, EEA)
United States & Canada
LATAM (Brazil, Mexico, Colombia & more)
APAC (Australia, Singapore, India, etc.)
MENA (UAE, Saudi Arabia, Egypt & others)
Coverage continuously expanding — reach out for detailed list by country.
Use Cases
MonitorPay provides high-growth teams with instant access to verified ownership data and global corporate structures. We eliminate the friction of manual due diligence by converting raw government registry data into clear, actionable insights, allowing you to scale your operations while staying fully compliant.
Finance & treasury teams
Prevent costly payment errors by validating beneficiary accounts before funds are released.
Vendor onboarding
Ensure clean payment data is collected from suppliers from day one.
Freelancer and platform payouts
Validate payee information across multiple markets in real time.
Procurement & shared service centers
Standardize account verification across global teams.
Access Methods
MonitorPay provides a versatile security layer that scales across every department. By standardizing how your organization verifies beneficiary details, we help finance, procurement, and product teams work in harmony to prevent fraud, reduce failed transfers, and protect your bottom line.
API Integration
Ideal for automating payment flows and onboarding pipelines.
Web Dashboard
Use manually for one-off verifications or team-based workflows.
Batch Upload
Validate thousands of accounts at once via secure file upload.
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Moventa Logistics operates a network of over 4,000 carriers and subcontractors across Europe. From small independent freight operators to large cross-border transport providers, their operations depend on accurate and timely payments to ensure smooth service delivery.
Frequently asked questions
We verify IBAN structure, payee name matching, account ownership (individual or business), VAT registration status, and — for enterprise clients — ongoing monitoring of previously verified data.
MonitorPay supports IBAN and VAT verification across 150+ countries, including all of Europe, the UK, Canada, Australia, Brazil, India, and more. Country-specific availability may vary by product (e.g., ownership verification coverage depends on data access in that region).
Our payee matching uses intelligent logic, including fuzzy matching, transliteration support, and confidence scoring. It reliably detects exact, partial, and incorrect matches — even in edge cases like swapped name order or minor typos.
Yes. Our Account Ownership Verification feature confirms the legal owner of a bank account (person or business), sourced directly from trusted banks or official registries. This is ideal for KYB and large transfers.
Yes, we offer Account Status Checks for selected countries. This feature confirms whether an account is currently open, dormant, or closed — helping you avoid failed payouts.
Absolutely. We are fully GDPR compliant. We do not store personal or sensitive data beyond what’s necessary to complete a verification, and all requests are logged securely for audit purposes.
Yes. Our REST API is designed for real-time use, with sub-second response times and minimal latency. It’s used in live onboarding flows, payout engines, and payment approval systems.
Each verification returns structured JSON data, including validation status, match scores, metadata (like bank name or VAT holder name), and actionable risk indicators. Full schema is available in the [API docs].
Yes. Every client has access to a secure MonitorPay Dashboard, where you can track API usage, manage keys, export logs, and review verification outcomes.
Yes. We offer a bulk validation endpoint that supports verifying thousands of IBANs, payee names, or VAT numbers at once via API or secure file upload.
Most customers integrate the API in under one day. Our docs, SDKs, and dedicated support make it fast and frictionless — even for complex flows.
For enterprise clients, we offer continuous monitoring with webhook alerts. You’ll be notified in real time if a previously verified IBAN or VAT number changes status, becomes inactive, or no longer matches the original entity.
Start your business journey better with MonitorPay
Schedule a 30 minute call to discuss your priorities and long term goals.
Enterprise-Grade by Default
MonitorPay is engineered for enterprise-level demands, integrating security and compliance into its core. Our API-first architecture provides total flexibility, while our strict "no-storage" policy for sensitive data removes your risk. Built to exceed GDPR, PSD2, and AML requirements, it’s the robust infrastructure your business can build on.
GDPR
Compliant
PSD2
Ready
AML
Ready
API-First
Architecture
No Storage of
Sensitive Data
GDPR Compliant
PSD2 Ready
AML Ready
API-First Architecture
No Storage of Sensitive Data
Trusted by Leaders in Finance & Global Commerce
See why teams at FinTechs, Marketplaces, and global corporations rely on MonitorPay.ai.
"Integrating MonitorPay.ai was a game-changer. We've cut payment failures by over 90%, reducing costs and improving customer satisfaction. The data's reliability is second to none."
Sarah Chen
Head of Payments, NovaPay
"MonitorPay's Account Ownership Verification is the final layer of assurance we need before dispatching large B2B payments. Confirming ownership against official records gives my team confidence."
David Miller
Global Treasury Manager
"Onboarding thousands of sellers was a compliance bottleneck. MonitorPay's API automated our entire verification process. We now onboard faster, with greater confidence and a full audit trail."
Markus Weber
CCO, EuroTrade Market
"We needed a robust verification tool for our merchants. MonitorPay's API was simple to integrate, and their direct data access gives us a huge quality advantage. We launched a critical feature in weeks, not years."
Elena Ricci
Lead Product Manager