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Proof of Address Verification in USA Financial Industry

Identity verification is a process that confirms the identity of an individual by validating their personal information. This is especially important in the financial industry to comply with know-your-customer (KYC) regulations, prevent fraud and set up authentication services for customers. Verifying someone’s address is one way to ensure that your customers are who they say they are.

The ability to verify a customer’s address is especially important when setting up new accounts or adding new members to an existing account. Let’s take a look at the different types of proof of address verification services available in the financial industry and some examples of how they are used.

What is Proof of Address Verification?

To verify someone’s address, you need to document the physical address of the customer. This can be done in a variety of ways depending on the type of address verification you choose to use.

Digital identification of physical addresses

The first type of address verification is a digital identification of the physical address. This is a process where a customer types in their address and the address verification system cross-references the information with a third-party database. If the information matches, the address is deemed verified.

Certified copy of an original document

 The next method of address verification is to provide a certified copy of an original document, such as a utility bill. If you want to use this method, you can contact the utility company to request a certified copy of an original bill. Confirm the address on the bill with the customer, and the address is verified. Note that the utility bill must be issued within the last 90 days.

Confirmed address via remote-recognition software

The third type of address verification is to use remote-recognition software to digitally photograph the customer’s proof of address. For example, if the customer provides a bank statement as their proof of address, you can photograph the statement and send it to the address verification service provider for validation. The service provider will digitally recognize the address and confirm it as verified.

Anchor confirmation via on-site inspection

The fourth method of address verification is to send an inspector to the address to confirm it. For example, to verify a residential address, you can send a private inspector to the physical address to confirm it. The inspector will confirm the address and sign an affidavit that the information is correct.

KYC through the digital process or physical documents

KYC stands for know your customer, and it refers to the process of gathering information about a new customer to ensure they are who they say they are and that they are financially eligible to open an account. One way to do this is to use a digital process or physical documents to verify a customer’s address.

For example, you can ask a new customer to submit one of the following as proof of address: There are also other documents you can use to verify a customer’s address, and each address verification provider will have different requirements.

What is The Need for Proof of Address Verification?

If your company wants to know about a customer’s address and financial background, then it is important to verify the customer’s address. If you are from a high-risk area, then you might be able to reject your application if the customer does not have a valid ID or if they do not have proof of address verification.

How is Proof of Address Verification Used? 

Proof of address verification service is used to verify customers’ addresses. This can be done through any number of methods, including Mobile phone apps that can automatically update the customer’s location and address when they tap on a name.

Mobile phone apps that can automatically update the customer’s location and address when they tap on a name. Social media platforms such as Facebook, Instagram, Twitter, and Snapchat allow customers to share photos with each other without having to use mobile phones. These social media platforms also provide an opportunity for businesses to look up the details about the business owner in order for them to determine if they want or need proof of address verification services.


Identity verification is important in any industry, but it is especially important in financial services. To verify someone’s identity, you need to confirm their address. There are a few ways to do this, including digital identification of physical addresses, a certified copy of the original document, and confirmed address via remote-recognition software. Once you have verified a customer’s address, you can move on to the next step in the identity verification process: verifying their identity.

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