In an effort to speed up the processing and reduce the risk of all cross-border rand transactions, we have developed an automated straight through processing (STP) solution, which has already been used by retail banking customers over the past three months to great success.įrom 1 October 2010, you too can benefit from this technology, as we roll this solution out to all of our corporate customers. Regular reports will be provided detailing information on all verified or unverified accounts. ** Determine whether the account accepts debits or credits. ** Confirm how long the account has been open.
#WWW BUSINESS ONLINE STANDARD BANK VERIFICATION#
Account Verification ServiceĪre you 100% certain that your payments are going into genuine bank accounts? Our Account Verification Service (AVS) validates the details of your selected payees to ensure that the correct parties receive the funds you release.ĪVS will verify the following information before allowing any transactions to take place: Getting to the Business Online application via a bookmark or desktop icon will mean that you will not get the latest updates which may result in you experiencing problems when logging onto Business Online. This will ensure that system updates that we periodically implement occur automatically and will not require any additional action on your side. It is recommended that you always access the Business Online application from the website or (then select Business Online from the drop down menu on the right of the page). Related / Similar Service : Standard Bank BOL SA Mobile App Standard Bank South Africa Business Online Service