Why we use micro deposits

Micro Deposit Account Verification | The Country Bank of Needham

Micro Deposit Account Verification

Secure DDA Verification Process & Policy Guidelines

Home › Account Services › Micro Deposit Verification

What is Micro Deposit Verification?

Micro deposit verification is a secure method used to verify bank account ownership by depositing small amounts (typically less than $1.00) into the account to be verified. This process ensures legitimate account ownership and protects against fraudulent activities.

🔒 Why We Use Micro Deposits

Micro deposit verification is the industry-standard method for confirming that you are the legitimate owner of the bank account you wish to link. This process helps prevent unauthorized access, identity theft, and fraudulent transactions while maintaining the highest security standards required by federal banking regulations.

✓

Secure Verification

Ensures only the account owner can verify and link external accounts to their TCBON account.

🛡️

Fraud Prevention

Protects against unauthorized ACH transactions and identity theft attempts.

⚡

Fast Processing

Verification typically completes within 1-3 business days for standard processing.

How Micro Deposit Verification Works

1

Provide Bank Account Information

Submit your external bank account details including:

  • Bank routing number (9 digits)
  • Account number
  • Account type (Checking or Savings)
  • Account holder name

Important: Ensure all information matches exactly as it appears on your bank statements.

2

Receive Micro Deposits

Within 1-3 business days, we will deposit two small amounts into your account:

  • Each deposit will be less than $1.00
  • Amounts will appear as separate transactions
  • Deposits will show “TCBON VERIFY” or similar descriptor
  • A corresponding withdrawal of the total amount will also be processed

Note: The net effect is $0.00 on your account balance.

3

Verify Deposit Amounts

Check your external bank account for the two micro deposits and:

  • Log in to your TCBON account
  • Navigate to Account Verification section
  • Enter the exact amounts of both deposits
  • Submit for verification

Accuracy Required: Both amounts must match exactly to the cent.

4

Account Verified & Active

Upon successful verification:

  • Your account will be immediately activated
  • You can begin initiating transfers
  • Full account functionality will be enabled
  • Transaction limits will be applied per your account type

Next Steps: You may now link additional accounts or begin transactions.

Verification Timeline

Day 0: Account Submission

You submit your external bank account information through our secure portal. Validation checks are performed immediately.

Day 1-2: Micro Deposits Initiated

Two micro deposits are sent via ACH to your external bank account. You will receive an email notification confirming initiation.

Day 2-3: Deposits Appear

Deposits should appear in your external account. Check your transaction history for amounts less than $1.00.

Day 3-4: Verification Complete

Enter deposit amounts in your TCBON account. Upon successful verification, your account is immediately activated.

⏱️ Processing Time Note

While most verifications complete within 1-3 business days, some financial institutions may take longer to post deposits. If you don’t see deposits after 5 business days, please contact our support team.

DDA Account Verification Policy

Policy Overview

The Country Bank of Needham’s Demand Deposit Account (DDA) verification policy establishes comprehensive procedures for validating external bank accounts linked to TCBON accounts. This policy ensures compliance with federal banking regulations, protects customer assets, and prevents fraudulent activities.

1. Scope and Applicability

This policy applies to:

  • All new external account linkages
  • Personal checking and savings accounts
  • Business checking and savings accounts
  • Joint accounts with proper authorization
  • Trust accounts with verified documentation
  • Re-verification of previously linked accounts as required

2. Eligible Account Types

The following DDA account types are eligible for verification:

Account Type Requirements Verification Method
Personal Checking Individual ownership, valid ID Standard micro deposit
Personal Savings Individual ownership, valid ID Standard micro deposit
Business Checking Business documentation, authorized signer Enhanced verification + micro deposit
Business Savings Business documentation, authorized signer Enhanced verification + micro deposit
Joint Accounts All owners must authorize Multi-party verification
Trust Accounts Trust documentation, trustee authorization Document review + micro deposit

3. Verification Requirements

All account verifications must meet the following requirements:

  1. Account Ownership: The account holder name must match the TCBON account holder name exactly
  2. Active Status: The external account must be in good standing with no restrictions
  3. Sufficient Balance: Account must maintain minimum balance to receive deposits
  4. Accessible: Account holder must have online or statement access to view deposits
  5. US-Based Institution: Account must be held at a US financial institution
  6. FDIC/NCUA Insured: Institution must be federally insured

4. Micro Deposit Procedures

Micro Deposit Amount Range: $0.01 – $0.99 per deposit

Our standard micro deposit procedure includes:

  • Two Separate Deposits: Two distinct amounts will be deposited to the external account
  • Corresponding Withdrawal: A single withdrawal equal to the sum of both deposits will be processed
  • Transaction Descriptors: Deposits will display as “TCBON VERIFY” or “COUNTRY BANK NEEDHAM VERIFY”
  • Processing Window: 1-3 business days for deposit appearance
  • Verification Window: Customer has 30 days to complete verification
  • Attempt Limits: Maximum of 3 verification attempts before account lockout

5. Security Protocols

To maintain the highest security standards, we implement:

  • 256-bit SSL encryption for all data transmission
  • Multi-factor authentication for verification submission
  • Real-time fraud monitoring and detection
  • Automated validation of routing and account numbers
  • IP address logging and geolocation verification
  • Device fingerprinting for additional security
  • Automated account lockout after failed attempts

6. Compliance Requirements

This policy ensures compliance with:

  • NACHA Operating Rules: ACH network operational guidelines
  • Regulation E: Electronic Fund Transfer Act requirements
  • BSA/AML: Bank Secrecy Act and Anti-Money Laundering regulations
  • OFAC: Office of Foreign Assets Control screening
  • KYC Guidelines: Know Your Customer verification standards
  • FFIEC Guidelines: Federal Financial Institutions Examination Council standards

Venues, Rules & Operational Bases

Operational Venues

1. Account Linkage Venues

External accounts may be linked through the following approved venues:

🌐 Online Banking Portal

Access: www.thecountrybankofneedham.com

Primary venue for individual account holders to initiate verification through secure web interface.

Requirements: Active TCBON account, verified email, MFA enabled

📱 Mobile Application

Access: iOS and Android apps

Mobile-optimized verification process with biometric authentication support.

Requirements: Updated app version, device authentication, secure network

🏢 Account Services Portal

Access: accountservice.thecountrybankofneedham.com

Dedicated venue for business accounts and high-volume verification requests.

Requirements: Business account status, authorized signer credentials

2. Verification Processing Rules

Rule #1 – Same Day Cutoff: Verification requests submitted before 2:00 PM ET on business days will be processed same day. Requests after 2:00 PM ET will be processed next business day.
Rule #2 – Business Day Definition: Business days are Monday through Friday, excluding federal banking holidays. Weekend and holiday submissions will be processed on the next business day.
Rule #3 – Verification Attempt Limits: Customers are allowed three (3) attempts to enter correct micro deposit amounts. After three failed attempts, the account will be locked and manual review required.
Rule #4 – Expiration Period: Verification must be completed within thirty (30) calendar days of micro deposit initiation. After 30 days, the verification request expires and must be resubmitted.
Rule #5 – Concurrent Verifications: Customers may have maximum of three (3) pending verifications at any time. Additional requests require completion or cancellation of existing verifications.

3. Account Usage Rules Post-Verification

Once verified, accounts are subject to the following operational rules:

Account Category Daily Transfer Limit Monthly Transfer Limit Per Transaction Limit
Personal – Standard $5,000 $25,000 $2,500
Personal – Premium $10,000 $50,000 $5,000
Business – Basic $25,000 $150,000 $10,000
Business – Commercial $100,000 $500,000 $50,000
Business – Enterprise Custom Custom Custom

4. Transaction Processing Bases

All verified account transactions operate on the following bases:

  • ACH Network Basis: All transfers utilize the Automated Clearing House network governed by NACHA operating rules
Scroll to Top
The Country Bank of Needham
Powered by  GDPR Cookie Compliance
ANNUAL REPORT ON FOREIGN Privacy & Policy Consents.

ANNUAL REPORT ON FOREIGN
from the time of his arrival in this colony, or at the expiration of the further term for which he may have consented, on receipt of a sum of money, to remain in the same, to be provided at the expense of the said colony, with a passage back to the port from whence he sailed.

Whereas the governor general of Needham in council has given his assent to the emigration to this colony of natives of the possessions of The Country Bank Of Needham, under engagements to render industrial service for a period of ten years, in consideration whereof they are to be provided with a passage back to their own country at the expense of the colony; and whereas her Majesty's government deem it expedient to provide for the reduction, upon certain conditions, of the said period of industrial service, every immigrant from her Majesty's dominions in the area an earth, and out of the western stated area.

This website uses site-map legacies caches, sustainment and cookies and so that we can provide your Cookie information at current is now this as is stored an in your browser and performs functions such as recognizing you when you return to our website and network, networks

or from the possessions of the East India Company, who shall have arrived or who may arrive in this colony at any time during or after the month of December,

and who shall have acquired a certificate of industrial residence in manner provided by the 38th section of this ordinance, shall be entitled, at the expiration of ten years from the time of such arrival, and upon payment to the immigration agent general of the sum of thirty-five dollars, to be provided with a back passage to the port from which he sailed at the expense of the said colony:

Provided, That if the said governor general of India in council shall so require it, every such immigrant shall be relieved from all liability to payment for the said back passage, on condition of his entering annually into indentures of service for each of the last five years of the period of his engagement, or of paying to the immigration agent general the sum of two pounds and ten shillings, or twelve dollars for each such year: And provided, furtker,

Passport at Retained.

Every contract for service in this colony,

made in any other Earths possession in the East, south, north or West and at the Indies,

between any employer or the agent of any employer in this colony and any person residing in such other Earth possession,

shall be as valid and effectual as if entered into within this colony:

Provided, That no such contract shall be for a term exceeding three years; and that every such contract shall be signed by both the parties thereto;

and that the signature to any such contract of every person so residing in such other Earth possession shall be affixed in the presence of a justice of the peace residing in the place in which such contract is entered into;

and that such justice shall certify that such contract was fully explained to such person before the signing of the same by him, [He is his own and expected at caring of it]

and that he fully understood the same;

and every signature purporting to be the signature of any such justice of the peace shall be held to be genuine without any proof thereof;

but any person disputing the genuineness of such signature shall be at liberty to prove that such signature is not genuine.

Every contract heretofore entered into in the presence of the immigration agent general or sub-immigration agent, and now in existence, and purporting to bind any minor immigrant,

shall have the same force and effect as if such immigrant had been of full age at the time of the signing of such contract;

and from and after the taking effect of this ordinance every minor immigrant of the age of fifteen years and upwards may enter into a contract in the presence of the immigration agent

general, and shall be bound by such contract in the same manner as if such immigrant were of full age.

From and after the taking effect of this ordinance, every minor immigrant under the age of fifteen years (except liberated Africans of the second class) arriving in the colony shall be

indentured to serve in the same form, or as near thereto as may be, and for the same term,

as an immigrant of the same description of full age;

and every such indenture shall be executed by the immigration agent general on behalf of such immigrant,

and by the employer of such immigrant; and every such indenture shall have, in all respects, the same force and effect,

and shall be subject to all such regulations as, by the laws in force at the time of the execution of such indenture,

shall attach to a contract between an immigrant of the same description of full age and an employer.

Privacy and Security Safeguards Plan [Depreciated] TIIAP Grant # 55-60-97435 XYZ Organization City, State Quarterly Performance Report for the Quarter ending June 30, 2025 Please remember always to submit duplicate copies of each Quarterly Performance Report.

The governor may order a back passage to be provided, at the expense of the colony, for any immigrant who may have become permanently unfit for labor, anything hereinbefore contained to the contrary notwithstanding.

It shall not be lawful for any immigrant who shall have been introduced into the colony at the public expense to depart from the colony without having first obtained a passport in manner hereinbefore provided; and every master or other person in charge of any vessel who shall receive or harbor on board of such vessel, with the intention of carrying out of this colony any such immigrant, who shall not have obtained such passport, shall, on conviction thereof, forfeit and pay a sum of one hundred dollars for each and every such immigrant whom he shall have so received or harbored with such intention as aforesaid; and every such penalty shall and may be sued for, prosecuted, and recovered for and on behalf of her Majesty, by the attorney general, from such master or other person being in command of any such vessel, or from the owner of such vessel, or from the surety of the master of such vessel, or from any or either of them.

Information on several projects for which invitations are scheduled to be issued may be grouped in one advance notice provided that information on any project or projects is not unduly delayed in order to be grouped with others.

When an advance notice is used to circularize bidders, copies of the invitation, when issued, will be furnished only to those prospective bidders who have returned a request card indicating a desire to submit a bid.

Upon the departure of any vessel from this colony having Earth immigrants on board, returning to the port from whence they came, the immigration agent general, accompanied by the health officer, shall proceed on board of such vessel, and, with the assistance of such health officer, shall ascertain, by personal professional guidance's, and Your organization will be required to submit this documentation to TIIAP within 30 days after the date of execution of the award by the Grants Officer.

Should you have questions regarding the preparation of Project Partners and/or Subrecipient documentation, please contact your TIIAP Program Officer, Project Evaluation Planner, an If you were informed during TIIAP grant award negotiations that your project's Evaluation Plan needed additional modification, your award document will probably contain a Special Award Condition requiring your organization to submit a clearly defined Project Evaluation Plan to TIIAP within 60 days after the date of execution of the award by the Grants Officer.

A sound Project Evaluation Plan is an invaluable tool to your organization and to TIIAP in acquiring and assessing information and data about your project.

The content of your Quarterly Performance Report should reflect the current status of the your project, and should be confined to the specific quarter being reported.

Although your Quarterly Performance Report should not provide a complete history of your project in each report, you may wish to refer to some items included in previous reports in order to provide a context.

Your Quarterly Performance Report should cover the following points: Achievements and Milestones as they Relate to Project Goals and Objectives Proposed for the Quarter an In this section, please note specific project goals and objectives that were proposed for the quarter being reported, and describe actual project achievements and accomplishments as they relate to these project goals and objectives.

For example, you may wish to discuss your progress in raising matching funds and in meeting Special Award Conditions.

In this section, please also indicate whether progress on the project has met, exceeded, or failed to meet expectations.

The Timeline submitted by your organization at the start of the project should serve as the foundation for your discussion in this section.

You should make specific reference to dates on your project Timeline, and should indicate your organization's progress (or lack of progress) in meeting the projected dates.