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Bank accounts are verified by debit/credit micro deposits. How and who does it?
Who initiates the micro deposits? Is it the bank or the account holder?
The micro deposits are initiated by the bank. When a customer signs up for a new account, the bank will usually require them to provide their account and routing numbers. Then, the bank will send two small deposits to that account, which the customer has to verify. This is done to ensure that the account is valid and belongs to the person opening it.