Payee checks for escrow offices
Check the payee
before the money moves.
Enter a payee’s bank details. Veto Checks asks the bank two things: is the account open, and does the name match.
Book a 15-minute walkthroughPayee check
Example. Made-up payee and bank with made-up data
- Payee
- Lucian Barrowclough
- Bank
- Harbor Light Credit Union
- Routing number
- 112233448
- Account number
- Ending in 8842
Account status
The bank reports this account is open.
Name match
The name you entered does not match the name the bank holds for this account.
An open account is not enough.
An account can be open and still belong to someone else. So every check gives you two findings, side by side.
Account status
Is the account open or closed? You see what the bank reported, and when.
Name match
Does the name you entered match the name the bank holds? The bank does not share the name. It only says if yours matches.
Saved to your office
Each check is saved with who ran it and when. Find it later by payee, reference or last four digits.
Follow-ups stay with the check
Record what your office did next. Notes sit beside the findings and never change them.
Three steps. One record.
You run the check yourself, before the wire.
Enter the details
The payee’s name, bank, routing number and account number.
Run the check
Veto Checks asks the bank and shows two findings: account status and name match.
Keep the result
It is saved to your office. Reopen it, print it or add a follow-up.
A check never approves a wire.
We say what a check found, and what it did not. Every saved check lists its limits.
- It is a moment in time. A check shows what the bank reported at the time shown. It can change later.
- It does not prove who you spoke to. It does not show that the person who gave you the details is the payee.
- It does not show control. A check does not show who controls the account today.
- It does not approve a payment. Your office decides what to do next.
Questions
Who is Veto Checks for?
Escrow officers and their teams. Anyone in the office who checks payee bank details before sending money.
What do I need to run a check?
The payee’s name, their bank, the routing number and the account number.
Will the bank tell me the account owner’s name?
No. You enter the payee’s name. The bank reports whether it matches, without sharing the name on the account.
See a payee check.
Spend 15 minutes with Sebastian. See how a check works, understand its limits, and discuss access for your office.
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