To verify your bank account, Lob will send two micro-deposits ranging from 1 to 100 cents into the specified bank account. You'll be asked to enter them in the dashboard or submit them through the API, before sending out any checks.
This is especially important if you are sending checks on behalf of your customers. You must verify all your customer's bank accounts before sending checks from them. This is mostly easily done through the API.
Our security team reviews newly created accounts. New accounts that trigger our flags will be immediately suspended and required to provide additional verification.
If you have any questions or concerns, please contact us.