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Why Banks Use Small Deposits for Verification
Banks use small deposits to verify an account for several important reasons.

Ensuring Account Ownership
Verification of Access: By confirming that the account holder can see and report the exact deposit amounts, banks ensure that the person trying to link the account has legitimate access to it.

Preventing Fraud: Small deposits help prevent fraudulent activities by confirming the account is active and under the control of the right individual.

Enhancing Security
Authentication: Sending small deposits serves as a form of two-step verification, adding an extra layer of security by requiring the account holder to confirm details that only they should have access to.

Error Checking: This method helps catch any errors in account details, ensuring that the correct account has been linked.

Regulatory Compliance
Anti-Money Laundering (AML): These procedures help banks comply with regulations related to anti-money laundering by verifying customer accounts.

Building Trust
Customer Confidence: By using a clear and simple process that the customer can verify on their own, banks build trust in their security measures.
Using small deposits for verification is a secure, straightforward method that protects both the bank and the account holder.