Home Knowledge Hub Knowledge-Hub: FAQ FAQ: Banking If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise. If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise. Bank account verification needs to be done once. A balance check can be done anytime. —This page was last updated on January 18, 2023.– Share with others...