How Instant Bank Verification (IBV) Works

Instant Bank Verification (IBV) is Inverite's core product. It allows merchants to connect to a customer's bank account in real time — with the customer's consent — to verify account ownership and retrieve trusted banking data.

• Step 1: Your platform sends a request to the Inverite API to initiate an IBV session.

• Step 2: The customer is presented with the Inverite bank selection screen, where they choose their financial institution.

• Step 3: The customer enters their online banking credentials directly into Inverite's secure interface (your platform never sees their credentials).

• Step 4: Inverite connects to the bank and retrieves account information and transaction data in real time.

• Step 5: The results — including account details, categorized transactions, and ownership confirmation — are returned to your platform via the API and/or webhook.

• Account holder name, transit number, institution number, and account number

• Account balances (current and available, where provided by the bank)

• Transaction history (up to 365 days, depending on bank availability)

• Categorized income and spending data

• NSF (non-sufficient funds) history and fraud signals

Inverite supports over 280 Canadian financial institutions, including all major banks (RBC, TD, Scotiabank, BMO, CIBC, National Bank), credit unions, and digital banks.

Note: Some banks may return less data than others depending on their online banking infrastructure. See Article 6 for guidance on missing or incomplete data.