IBAN-name check
With an IBAN-name check, you verify whether the IBAN number matches the name of the right person. This helps with the safe and error-free salary payment and prevents fraud. In addition, this check also complies with the Approach to Sham Constructions Act (WAS), so that as an employer, you can be sure that the salary is deposited into the correct account.
What is an IBAN number?
- Country code: This indicates which country the bank account is from. For example, “NL”.
- Check Digit: This helps verify the integrity of the number.
- Bank code: The code that identifies the specific bank. For example, “INGB”.
- Account number: The unique number that represents your bank account.
- BIC (Bank Identifier Code): The name says it all, but the BIC code is a code that identifies banks worldwide.
- SWIFT (Society for Worldwide Interbank Financial Telecommunication): The network that connects banks worldwide, this is often linked to a BIC code.
- IBAN (International Bank Account Number): This is the account number and helps identify bank accounts in international payments.
The difference between the codes lies in how it is applied: the BIC and SWIFT codes are for identifying banks, while an IBAN specifically relates to account numbers. Which is unique for each person.
During the IBAN-name check, it is checked whether the length of the number is correct and whether it meets the correct structure. After this has been checked, authenticity is checked; Does the IBAN number actually exist and is it valid? It is also important to check whether it is a private account. After that, it is checked whether the account number belongs to the applicant. These checks ensure that no mistakes are made during payments and that your details are always correct.
An IBAN name check is essential during salary payments to minimise the risk of fraud. It is important for companies to prevent financial errors. By having this check carried out by DISA, you ensure a reliable and efficient check.
Performing an IBAN-name check is essential for a few reasons:
It helps to prevent fraud; an IBAN-name check helps detect invalid or suspicious bank account numbers.
Payment security; it ensures that payments are processed correctly and on time.
Comply with certain laws and regulations by ensuring the accuracy of bank details.
By preventing delays and errors in your payments and business processes, you ensure greater efficiency.
Why not choose to screen employees?
Too expensive
By screening your employees, you will immediately save your HR department time. Additionally, you save costs in the long run. Hiring a mis-hire involves significant costs and other risks. By knowing who you are hiring, you minimise the risks. At the end of the day, you’ll spend less money.
Creates distrust
Screening employees can actually contribute to a sense of security and trust within an organisation. When your employees know that colleagues have gone through the same screening process, you immediately create a safer and more trustworthy working environment.
Takes too long
Through our automated screening process, you will receive the screening report within an average of 5 business days, and you can view the interim screening report 24/7. Thanks to our software, data partners, and integration partners, such as AFAS software, this process is streamlined and efficiently organised.
Advantages of an IBAN – name check with DISA's software
- Quick and easy: DISA's IBAN-name check is easy to use and offers instant results, so you can quickly get on with your work.
- Reliable: DISA's software provides accurate and up-to-date information, so you can always rely on the checks performed.
- Secure and GDPR-proof: DISA guarantees data privacy and complies with GDPR regulations, so your data is always safe.
Request a free demo!
Would you like to know more about the employment screening software? Get in touch to schedule a free demo.