Bank Income Verification
Verify income with bank transaction data.
Leverage bank income intelligence that fills the gaps payroll-only verification leaves behind.
Drive more approvals from bank data.
Drive more approvals from bank data.
Coverage
Verify predictable income streams.
Increase approvals with accurate income insights extracted directly from transaction data.
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Data Accuracy
Turn raw transactions into verified gross income.
Calculate real gross-up logic with models trained on 113M+ transactions, not surface-level transaction parsing.
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Data Quality
Classify every deposit, automatically.
Detect 11+ income types — payroll, gig, benefits, rental, retirement, and more — with 0.99 AUC pay-frequency precision.
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Customization
Configure the flow that fits your business.
Embed Choice Connect® for borrower-led verification or Smart Routing® for automated sequencing.
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Conversion
Drive higher pull-through rates.
Deliver a borrower-optimized flow to grow your volume without added friction.
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Integration
Enable bank income without rebuilding your stack.
Deploy as a standalone API or as part of a unified multi-data source waterfall.
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Compliance
Stay compliant without extra work.
Meet regulatory requirements while reducing operational risk.
Learn moreHow it works.
How it works.
Real results. Real Truv experiences.
Real results. Real Truv experiences.
Bank Income Verification FAQs.
Bank Income Verification FAQs.
Consumer lenders, auto lenders, and home equity lenders.
Through real-time transaction data interpretation, Truv enables faster loan underwriting by providing immediate, cleansed financial insights directly from bank accounts.
Truv covers 14,000+ financial institutions.
The platform is enterprise-grade, SOC2 Type II compliant, and one of the few consumer-permissioned FCRA compliant vendors in the industry.
By providing real-time transaction data interpretations, Truv helps lenders confidently underwrite loans, reach more qualified applicants, and reduce time spent on manual data cleansing.
Truv safeguards consumer data through multiple security and privacy measures, including operating as a credit reporting agency (CRA) and adhering to Fair Credit Reporting Act (FCRA) standards, implementing SOC2 Type II compliance protocols, utilizing application-level encryption to protect sensitive information, maintaining compliance with privacy regulations, and performing continuous security monitoring to identify and address threats in real time. This approach eliminates the need for consumers to email sensitive financial documents directly to lenders or landlords, reducing the risk of data breaches and unauthorized access to personal information.