Utility Bill Verification | Proof of Address

Instant address verification

Proof of address verification is essential before onboarding a new customer. DIRO’s utility bill verification can provide address verification in real-time by verifying data from utility bills, bank statements, government records, and more.

Address verification with utility bills is the simplest and most secure process as the data gets captured directly from the source. Using utility bill for address verification is compliant with KYC, KYB, and AML regulatory requirements. DIRO provides instant address verification with data directly from 9,000 utility companies in 195 countries. DIRO improves the customer experience and reduce customer drop-off rates by simplifying the onboarding process.

Common methods of verifying customer proof of address include: utility bill data, bank statements, government records, insurance documents, and driver’s licenses.

DIRO’s proof of address verification technology eliminates the use of fake and stolen documents. DIRO’s online document verification technology can be leveraged by banks, financial institutions, start-ups, fintech, and other businesses that are both regulated and non-regulated. With DIRO’s Open Banking API you can now access utility company data in real-time and feed this through machine-readable JSON files to your decision engine. Get seamless access to trusted data for an improved customer experience.

Verify utility bills globally

DIRO allows you to verify electricity bill, internet bill verification, cable bill verification, gas bill verification, and more. Here are some of the top utility bills verification facilitated by DIRO:

tick Electricity bill verification

tick Gas bill verification

tick Water bill verification

tick Internet bill verification

tick Cable bill verification

tick Telephone bill verification

How DIRO helps in utility bill verification

Verify and authenticate address

DIRO captures data directly from 9,000 utility providers in 195 countries. Verify telecom bill, electricity bill verification, and more in real-time.

Eliminate friction

DIRO’s simple and secure address verification process minimizes friction at onboarding and reduces cost by reducing the need for manual processes.

Improve conversion rate

With utility bill for address verification, in real-time, businesses can improve customer conversion rate. Our utility bill verification improves user experiences.

Fraud prevention

Utility bill verification helps in preventing fraudulent activities. Trusted address verification can be an additional defense during customer onboarding.

Regulatory compliance

Utility bill for address verification is a requirement for KYC, KYB, and AML requirements. Our solution helps in ensuring compliance with regulations.

Seamless integration

Open Banking API standard helps verifying utility bill in real-time. DIRO Open Banking API can be easily integrated with existing and new frameworks.

FAQs

What is proof of address verification?

Proof of address verification is a process that confirms the residential address of an individual or entity. This is usually required by banks, government agencies, and other organizations to verify an individual's or entity’s identity and to ensure that they reside at the address mentioned on their documents.

Utility bills are the most common method of verifying an individual’s or entity’s address. Proof of address verification is often the first line of defense against online fraud and it’s an essential part of KYC/KYB and AML.

DIRO’s utility bill verification service helps banks, FinTechs, and businesses across industries to prevent ID theft, debit & credit fraud, and more.

What documents are accepted as proof of address?

Commonly accepted documents for proof of address verification include utility bills (electricity, water, gas, internet), bank or credit card statements, rental agreements, and government-issued documents like a driver's license.

To combat fraud efficiently businesses prefer to use utility bills as their primary method of verifying proof of address. This is because address data on driver’s licenses are often outdated.

DIRO helps to capture and verify address data on utility bills directly from the issuing source (electricity, gas, phone, water, and internet companies).

Can I use a utility bill for address verification?

Yes, you can use a utility bill for address verification. Utility bills are commonly accepted as proof of address as they provide information about your residence and are usually issued monthly.

Banks, FinTechs, and other organizations use utility bills to verify a customer’s current proof of address. Common practice is to accept utility bills for proof of address verification that are not older than 90 days.

What is utility bill verification?

Utility bill verification is a process that confirms the validity of a utility bill provided by an individual or entity as proof of address. This is done to ensure that the bill is not fabricated and that the individual or entity actually resides at the address provided.

Using utility bills for verifying proof of address is helpful as it allows businesses to verify if the provided address data is correct. Businesses can refuse to provide services to individuals and entities that are from a restricted geographical location, proof of address will help with this.

Verification of address is a crucial process for financial institutions in preventing fraud. Whether it's for account opening, loan approval, or credit card applications, providing evidence of address verification is a necessary step.

What is electricity bill verification?

Electricity bill verification is a process that confirms the validity of an electricity bill provided by an individual or entity as proof of address. This is done to ensure that the bill is not fabricated and that the individual or entity actually resides at the address provided.

DIRO captures address data directly from 9,000 utility providers in 195 countries. Allowing businesses to verify customers’ and businesses’ proof of address data in real-time and prevent fraud.

What is gas bill verification?

Gas bill verification is a process that confirms the validity of a gas bill provided by an individual or entity as proof of address. This is done to ensure that the bill is not fabricated and that the individual or entity actually resides at the address provided.

DIRO captures address data directly from 9,000 utility providers in 195 countries. Allowing businesses to verify customers’ and businesses’ proof of address data in real-time and prevent fraud.

What is water bill verification?

Water bill verification is a process that confirms the validity of a water bill provided by an individual or entity as proof of address. This is done to ensure that the bill is not fabricated and that the individual or entity actually resides at the address provided.

What is Internet bill verification?

Internet bill verification is a process that confirms the validity of an internet bill provided by an individual or entity as proof of address. This is done to ensure that the bill is not fabricated and that the individual and entity actually reside at the address provided.

How long does the proof of address verification process take?

The duration of the proof of address verification process varies depending on the organization and the type of document submitted. Traditional proof of address verification methods can take anywhere from a few hours to a few days.

DIRO’s utility bill verification allows businesses to verify consumers’ and entities’ proof of address information in real-time. Businesses are required to conduct proof of address verification checks to comply with KYC and KYB guidelines.