The answer depends upon the degree of confidence you place in the data and how your data is being used. For example, if you're using it for mailing or shipping, you'll want to be be confident that the data is correct. If you're just using it as another fraud-prevention mechanism then you could potentially allow a degree of error to creep into the data.
If you want any degree of real accuracy, you're need to go with a service that does real address verification and you're going to have to pay for it. As has been mentioned by Adam, address verification and validation at first seems simple and easy, but it's a black hole fraught with challenges and, unless you've some underlying data to work with, virtually impossible to do by yourself. Trust me, you're actually saving money by using a service. You're welcome to go down this road yourself to experience what I mean, but I can guarantee you'll see the light, so to speak, after even a few hours (or days) of spinning your wheels.
I should mention that I'm the founder of SmartyStreets. We do address validation and verification addresses and we offer this for the USA and international as well. I'm more than happy to personally answer any questions you have on the topic of address cleansing, standardization, and validation.