In the realm of investigative services, bank account searches play a pivotal role in uncovering financial information crucial to various scenarios. This blog post delves into the intricacies of a specific type of bank account search – the Swift Intra Data. We’ll guide you through the components of a typical report, using sample data to illustrate the format.

Understanding the Swift Intra Data Bank Account Search

Before we embark on the journey of dissecting the report, it’s crucial to note that these searches are not to be used for Fair Credit Reporting Act (FCRA) regulated purposes. Legal advice is recommended before utilizing such searches, especially in scenarios related to credit, insurance, employment, or other FCRA-regulated areas. Additionally, disclaimers caution against using this information for fraudulent or unauthorized purposes.

Inside the Swift Intra Data Report: A Closer Look

  1. Subject Information:
    • Name: The report initiates with the name of the individual on whom the bank account search was performed. In our example, we use the sample name “Joseph Carr White.”
    • Social Security Number: The provided social security number is listed, along with any corrections made by Swift Intra Data.
  2. Search Details:
    • Search Type: Identified by a code (e.g., 99 301 reverse search), indicating the type of bank account search conducted.
    • Search Scope: Specifies the parameters and the financial institution records retrieved.
  3. Reported Financial Institutions:
    • The report outlines financial institutions associated with the subject. In our example, a Wells Fargo account is revealed, including the address, balance, and account type (e.g., CHK for checking).
  4. Recent Activity Records:
    • Details recent transactions or activities, such as deposits. Each record includes essential information like the amount, and in some cases, the date.
  5. Additional Account Types:
    • The report showcases other account types, such as a savings account at a credit union or a brokerage account at TD Ameritrade. Each entry provides relevant details.
  6. Closed Accounts:
    • Sometimes, the report includes information about charged off or voluntarily closed accounts. Negative balances or last balance information might be associated with closed accounts.
  7. End Transmittal:
    • The report concludes with an end transmittal, confirming the end of the available information. If there are multiple pages or additional activity, it will be duly noted.

Considerations and Limitations:

It’s important to note that not all financial institutions report every activity. Different bank account search types may yield varying results, so the data presented here reflects the Swift Intra Data findings.

Seeking Professional Guidance:

If you have questions or require assistance with bank account searches, our team of expert investigators is ready to guide you. Visit our website or give us a call to explore the possibilities of leveraging this investigative tool.