How do I verify my bank account so I can invest through Prosper?

We require investors to verify ownership of their bank account before they can invest on our platform. This is a security measure to prevent fraud and other malicious financial activity.


We have two options for you to verify your bank account:

Instant bank verification
When you reach the bank verification stage of setting up your investor account with Prosper, you can instantly verify your bank account. Simply enter your online bank account login information.

Challenge deposit
Prosper can make two small deposits and one withdrawal from your bank account (both less than $1.00). These transfers should appear in your bank account transaction history within 2-4 business days and you will receive an email from Prosper confirming that the transfers have been initiated. After the transfers have gone through, you’ll need to find the exact amounts of the transfers. You can accomplish this by checking your bank account information at your bank’s website or calling your bank. Finally, you will need to enter these amounts on Prosper’s website to verify your bank account.