Which banks provide Bank Code Reports?

A Bank Code is essentially an affordability assessment to determine a subject’s ability to afford a certain amount over the given terms.

    • BANK GABORONE (BOTSWANA)
    • BANK OF BARODA (BOTSWANA)
    • BANK WINDHOEK (NAMIBIA)
    • BARCLAYS BANK  (BOTSWANA)
    • BOE PRIVATE CLIENT BANKS
    • CAPITAL BANK (BOTSWANA)
    • HBZ BANK
    • NEDBANK (SOUTH AFRICA)
    • NEDBANK (LESOTHO)
    • NEDBANK (NAMIBIA)
    • NEDBANK (SWAZILAND)
    • STANBIC (BOTSWANA)
    • STANDARD BANK (SOUTH AFRICA)
    • STANDARD BANK (NAMIBIA)
    • STANDARD BANK (SWAZILAND)
    • STANDARD CHARTERED  (BOTSWANA)
    • SWAZI BANK (SWAZILAND)

What is included in the report?

A Bank Code is essentially an affordability assessment to determine a subject’s ability to afford a certain amount over the given terms. A Bank Code is requested via the bank where the subject holds their account (the account holder). The bank reviews the account holder’s account and a code is generated by that banking institute, considering the current situation of the account holder with regards to the credit amount being queried.

Account is valid
Code with description
Whether the account name matches the supplied name

What codes could I get back?

Code Description Explanation
A Undoubted for the amount A firm indication of undoubted financial standing for the amount stated.
B Good for the amount The subject has a good record of meeting their financial commitments, and the amount is well within the capacity of an ordinary business commitment.
C Good for the amount quoted, if strictly in the way of business The subject has a good record, the amount may appear high in relation to normal transactions on the account.

Code C is the most common, and the account holder is unlikely to commit themselves beyond their means.
D Fair risk for the amount The financial position of the subject is modest or unknown, but where the account is satisfactorily conducted. The subject is considered okay for moderate business commitments.
E Figures considered too high The amount of the enquiry is too high for the given subject and terms.
F Financial position unknown This code is given when there is insufficient information to assess the position of the subject. This code is also given when the conduct of the account is such that an opinion cannot be expressed.
G Paper occasionally dishonoured This code is given when, on isolated occasions, cheques and other instruments like debit/stop orders were returned unpaid for lack of funds. For this purpose, each unpaid instrument has a lifespan of one year.
H Paper frequently dishonoured This code is given when, at regular intervals, cheques and other instruments like debit/stop were returned unpaid for lack of funds. For this purpose, each unpaid instrument has a lifespan of one year.

Which banks provide AVS?

The below banks are currently supported by Cred-it-data

    • ABSA
    • AFRICAN BANK
    • CAPITEC BANK
    • DISCOVERY BANK
    • FINBOND
    • FIRST NATIONAL BANK (SOUTH AFRICA)
    • GRINDROD BANK
    • INVESTEC BANK
    • NEDBANK (SOUTH AFRICA)
    • NEDBANK (SWAZILAND)
    • RMB PRIVATE BANK
    • SASFIN BANK
    • STANDARD BANK (SOUTH AFRICA)
    • THYME

What information do you get?

This service offering is used to verify the supplied banking details of the subject.
The below indicates the criteria used to verify a bank account.

Account is open and valid
Whether the account identifier matches the supplied identifier
Whether the account is open > 3 months
Whether the account accepts debits
Whether the account accepts credits
Whether the account name matches the supplied name

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