How do you verify funds on a Wachovia Bank personal check?

Answer 1

Because of the application of the Fair Credit Reporting Act to validation and verification of funds, it is difficult for individuals and consumers to verify funds.

For Consumers:

If you are willing to pay the $5, you can call 1-900-868-2995 to verify up to two checks and get the bank name, address and direct phone number. Wachovia Bank and all other banks are included, and it must be for a check drawn on a U.S. bank.

Never call the number printed on the front of the check. If the item is forged, the number may be planted, especially with payroll checks, or first time presenters.

Wachovia Check Verification 1-900-868-2995

For Businesses:

Businesses that need to verify multiple items and find out the account status can use a service like BetterCheck. This type of service will verify the account for banks about 90% of all U.S. banks, and would include banks like Wachovia and other top tier banks. The BetterCheck service will tell businesses if the account is open, and active and if there is a positive balance in the account and will not verify the exact dollar amount on any particular item. Systems like this are most useful for monthly billing, call centers that take checks by phone, and other business that need to reduce their risk, or bounce rate at the request of their bank or ACH provider. BetterCheck is an account validation and check verification system.

Other systems such as check guarantee can give businesses a stable rate which can be helpful in managing random check fraud and bounced checks. Systems like TeleCheck, and Vericheck will provide verification of their own for a percentage rate. This is determined by industry and is usually higher than a company's actual bounce rate. For example, if a guarantee company sees your industry as a typical 1.5% bounce rate industry, they may offer to guarantee all checks for 2.5%. In exchange for this, you need not worry about any checks that they approve.

For basic information on bank routing numbers, you can use RoutingTool, which has a desktop application, or makes a free on-line virtual terminal that is used by companies and banks to verify any 9 digit routing number and provides the bank name, phone number and address of the processing facility. The RoutingTool database is updated daily and includes 100% of all valid U.S. banks.