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Prevent risk

Know you’re paying the right account, before the money leaves.

TradesField talks directly to the vendor’s bank and confirms the account name matches the BSB and account number in seconds. No phone calls, no voicemail, no guesswork.

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Westbrook Civil Engineering Pty Ltd
Bank account verification
Match
BSB
062-001
Account number
5028 4193
Account name
Westbrook Civil Engineering Pty Ltd
Match

The account name matches the name provided.

Via Confirmation of Payee · Commonwealth BankVerified in 1.4s

Paying the wrong account is a problem that only shows up once.

Right now, verifying a new vendor’s bank account looks like this. Someone in accounts payable calls the vendor. The vendor’s accounts person is out. Leave a voicemail. Call back tomorrow. Eventually get a human. Ask them to confirm the BSB and account number over the phone. Trust that the person on the other end of the line is actually from the vendor’s finance team and not someone who’s intercepted the email chain.

Or you skip the call entirely, trust the PDF the vendor emailed through, and hope for the best.

Both paths work, right up until the one time they don’t. Invoice redirection fraud in Australian construction is a real, insured, annual-report-worthy problem. The builders who get hit rarely get the money back.

01  —  Straight to the bank

Verification in seconds, not days.

Once a vendor submits their bank details, TradesField sends the request straight to the payee's bank. The bank confirms whether the account name you expect matches the BSB and account number on file. The result comes back in seconds, attached to the vendor's profile.

01
Westbrook Civil — bank details received
BSB 062-001·Acct 5028 4193
02
Verifying with Commonwealth Bank~1.4s
03
Match
Account name matches name provided.

02  —  Seven outcomes

You find out exactly what the bank told us.

Not every check comes back as a clean match. Sometimes the name is close but not exact, sometimes the account has been closed, sometimes the bank can't confirm either way. TradesField surfaces the real result in plain language, so your accounts team knows whether to pay, pause, or pick up the phone.

Possible outcomes7 states
Match
The account name matches the name provided.
Close Match
We recommend double-checking account details with the vendor using trusted contact details.
No Match
The account name does not match what the bank has on file. Do not pay until resolved.
Account Closed
The bank reports this account as closed. Request updated details from the vendor.
No Account Found
No account exists at this BSB and number. Check the values with the vendor.
Unable to Confirm
The bank could not confirm the details. Manual verification required.
Error
An error occurred during verification. Please retry shortly.

03  —  On the record

The result lives with the vendor record.

Every verification result is saved to the vendor's profile with a timestamp and the exact match outcome. If a vendor changes their bank details six months in, TradesField re-verifies and keeps both results on record. If accounts payable ever need to prove the account was verified before a payment went out, the answer is one click away.

Westbrook Civil Engineering Pty Ltd
BSB 062-001 · Acct 5028 4193 · Commonwealth Bank
Bank verification history
  1. Re-verifiedMatch
    14 Oct 2026 · 10:18
    Auto re-check after vendor updated bank details.
  2. VerifiedMatch
    10 Apr 2026 · 08:42
    Initial onboarding check.

04  —  Invoice redirection

Specifically designed to stop invoice redirection.

The reason this check matters isn't the honest vendors. It's the ones where someone has intercepted an email and sent through altered bank details that look legitimate. A phone call to the contact on the invoice doesn't catch that, because the number might be compromised too. A direct check with the bank does.

The old wayInterceptable
Vendor emails invoice
Intercept point
AP calls number on invoice
Contact confirms details
TradesFieldDirect to bank
Vendor submits bank details
Bank confirms directly (CoP)
Result returned in seconds

How the check actually works.

The verification uses Confirmation of Payee, the same direct bank-to-bank check infrastructure used by Australian financial institutions to reduce payment fraud. What that means in practice:

  • The check goes to the payee's bank directly, not to a third-party database.
  • The bank confirms whether the account name matches the submitted BSB and account number.
  • The result returns in seconds, typically under two.
  • Seven possible outcomes are surfaced: Match, Close Match, No Match, Account Closed, No Account Found, Unable to Confirm, and Error.
  • A "Close Match" or "Unable to Confirm" result is not a pass. The platform flags these for human review.
  • No money is moved as part of the check. It is a verification call, not a transaction.
  • All results are logged against the vendor's profile with timestamps.

FAQ

Common questions.

Three of the ones that come up most often around bank verification.

See all questions

When a vendor submits their details, TradesField checks them against the Australian Business Register (ABR), ASIC, QBCC, and NSW Fair Trading. This covers ABN status, GST registration, company details, licence validity, and prior disciplinary history. Bank details are also verified to confirm the account name matches the vendor.

Onboard your next subbie in minutes, not weeks.

Walk through TradesField with our team, or jump straight into a 30-day free trial if you’d rather explore on your own.