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Secure Your Funding with Yodlee’s Account Verification Methods

The Envestnet® | Yodlee® Aggregation API provides Journey Manager customers with access to financial data from over 15,000 global financial sources, empowering the development of tailored and robust financial applications. This Exchange package facilitates the verification and retrieval of bank account details through Yodlee services.

Yodlee offers two effective methods for account verification:

Linking Accounts via FastLink UI

This method allows for instant verification by launching an iframe with the FastLink interface, enabling applicants to securely log in to their bank accounts through Yodlee.
This not only confirms the account information but also gathers additional data to help with risk assessment.

Challenge Deposit Verification

For those who prefer not to enter their bank details directly, this alternative requires providing basic bank account information. Yodlee will then perform two small deposits and one credit to the specified account. Once these transactions are complete, applicants must confirm the exact amounts of each deposit and credit made by Yodlee. Following successful verification, Yodlee will confirm the account, allowing the funding request to move forward.