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What is a bank soft probe?

Updated: 10/25/2022
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13y ago

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As described by Wikipedia "A soft probe is a confirmation method used by banks to verify funding for a seller from a buyer, conducted by the seller's bank to the buyer's bank. Such a probe is not recorded in the buyer's banking information, and usually nothing but confirmation or lack of confirmation is recorded by the seller."

Seller sends a soft document to buyer's bank to make certain buyer has enough funds or financial facility to complete transaction between them.

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