Verifying Bank Account with Microdeposits
Note: Customers have 10 days to successfully verify microdeposits for a subscription, instead of the 23 hours normally given in the subscription lifecycle. However, this expiration can’t be later than the billing cycle date.
Not all customers can verify the bank account instantly. This step only applies you elected to opt out of the instant verification flow in the previous step.
In these cases, Stripe sends a
descriptor_code microdeposit and might fall back to an amount microdeposit if any further issues arise with verifying the bank account. These deposits take 1-2 business days to appear on the customer’s online statement.
- Descriptor code. Stripe sends a single, 0.01 USD microdeposit to the customer’s bank account with a unique, 6-digit
descriptor_that starts with SM. Your customer uses this string to verify their bank account.code - Amount. Stripe sends two, non-unique microdeposits to the customer’s bank account, with a statement descriptor that reads
ACCTVERIFY. Your customer uses the deposit amounts to verify their bank account.
Verification attempts have a limit of ten failures for descriptor-based microdeposits and three for amount-based ones. If you exceed this limit, we can no longer verify the bank account. In addition, microdeposit verifications have a timeout of 10 days. If you can’t verify microdeposits in that time, the PaymentIntent reverts to requiring new payment method details. Clear messaging about what these microdeposits are and how you use them can help your customers avoid verification issues.Related Articles
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