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An invaluable tool, check verification helps protect against fraudulent transactions surrounding physical and electronic checks. This service can be used for both in-person and online transactions, and it typically takes just a few seconds to verify the account information. Let’s get started! What Is Check Verification and Why Is It Important?Įlectronic check verification is a process that allows businesses or individuals to confirm the validity of a customer’s checking account prior to completing a transaction. In this article, we are going to ‌look at how to verify a check, the different check verification services available, and why check verification is so important. To protect your business from fraud, you need to be vigilant. According to AFP, checks and ACH debits were the top payment methods impacted by fraud. Electronic check verification is an important tool for businesses that accept physical checks and eChecks.