Processor Asking For Bank Verification Letter

[mickeymouse]

Guys i’m sort of stumped.

So my processor that I’m applying to is asking for a Bank Verification Letter.

I’ve sent them bank statements already and they still want the verification letter.

Problem is I’m with Airwallex and they don’t provide them.

The processor won’t accept void checks either.

I’d be grateful for any ideas on how to tackle this.

Thanks!

 

[TheCryptoAnt]

JS Paint

Classic MS Paint in the browser, with extra features.

jspaint.app

 

[Houdini]

Go inside mentor group and sort this out asap. Or indeed use photoshop and your troubles will go away.

 

[diro]

JS Paint

Classic MS Paint in the browser, with extra features.

jspaint.app

Go inside mentor group and sort this out asap. Or indeed use photoshop and your troubles will go away.

+1 from me

 

[daniels27]

You can find the template here:

https://www.csc.edu/media/website/content-assets/documents/pdf/international-students/Sample-Bank-Letter(1).pdf

Now, you take the bank account statement and use Illustrator (or some PDF editor like Acrobat) to put it together.

I have an honest business. Been there many times. The processor asks for that, but he wants a wrong company name and the bank does not provide it. You just do it.

You know how to do it?

 

[EliasIT]

It’s a fantastic suggestion to find a template on the Internet that you then Photoshop to look like a real bank statement or letter from your bank. Absolutely a good initiative.

However, I would dare to claim that those you hand over the finished copy to are not so naive that they wouldn’t know how to use Google, and they’ve probably also found many of the templates available out there for free, thanks to highly skilled Photoshop enthusiasts.

Be careful with that kind of thing, never underestimate your enemy, it can be your downfall and cause you serious harm.

 

[daniels27]

It’s a fantastic suggestion to find a template on the Internet that you then Photoshop to look like a real bank statement or letter from your bank. Absolutely a good initiative.

However, I would dare to claim that those you hand over the finished copy to are not so naive that they wouldn’t know how to use Google, and they’ve probably also found many of the templates available out there for free, thanks to highly skilled Photoshop enthusiasts.

Be careful with that kind of thing, never underestimate your enemy, it can be your downfall and cause you serious harm.

You just use the text from the template and insert it in the typeface of the bank statement in the statement.

 

[mickeymouse]

+1 from me

Will get memebership and dive in later today

 

[TheCryptoAnt]

However, I would dare to claim that those you hand over the finished copy to are not so naive

Most compliance officers Ive met in my life werent paid enough to care tho

 

[daniels27]

Most compliance officers Ive met in my life werent paid enough to care tho

Or paid enough, but had too many cases to handle. Or they were experienced enough to figure out that not accepting it will cause a much bigger loss to their company because they know that what was asked for did not exist.

 

[JohnnyDoe]

Just remember that while they can’t check an account statement, they can call the bank to verify a reference/verification letter. It rarely happens, but it can happen.

 

[wellington]

FYI all these advisories on paint, etc.

If this involves $ or US $ or transactions internationally via SDNY its bank fraud (google it).

 

[Nomado]

Agreed, and if you get caught and have money parked there, not sure you'll see it again.
Same for fake proofs of address.

 

[bubbledouble]

Agreed, and if you get caught and have money parked there, not sure you'll see it again.
Same for fake proofs of address.

Exactly, but then you could come back to OCT afterward and start a thread with 'SCAM: the bank ran off with the money' or 'Don’t trust XYZ Bank, they’re thieves.

 

[JohnnyDoe]

Same for fake proofs of address.

No, these can’t be checked

 

[daniels27]

No, these can’t be checked

@JohnnyDoe do you know how companies like diro.io work? They claim to be able to verify things:

Utility Bill Verification | Proof of Address | All Types

Utility bill verification API. Verify utility bills like electricity, gas, and telecom to prevent fraud in proof of address. Global coverage in 195 countries.

diro.io

 

[luap]

@JohnnyDoe do you know how companies like diro.io work? They claim to be able to verify things:

Utility Bill Verification | Proof of Address | All Types

Utility bill verification API. Verify utility bills like electricity, gas, and telecom to prevent fraud in proof of address. Global coverage in 195 countries.

diro.io

It looks like they verify by having a user login via a browser and it verifies the information there, rather than specifically verifying scanned PDF's. See here: How DIRO Works to Verify Authenticity of Online Documents

You can simply refuse to do this if any organisation requests it. I don't have any reason to falsify my documents, but if any institution wanted me to install this software on my own device just to verify one of my documents, I would cancel my account and move on.

 

[mickeymouse]

Just remember that while they can’t check an account statement, they can call the bank to verify a reference/verification letter. It rarely happens, but it can happen.

Interesting , thank you for letting me know.

 

[Houdini]

Does anyone have ever been asked if the address they gave them is correct?

 

[Nomado]

Does anyone have ever been asked if the address they gave them is correct?

I would also be interested to know if for any of you guys, a fake proof of address has ever been refused by your bank/emi?