Registered business
Business
LLCs, corporations, and other registered entities.
Tier 1
Base requirements (payment services)
|
Entity Type |
Required |
|
Business Legal Name — Doing Business As (DBA), if applicable |
Required |
|
Primary User First / Last Name |
Required |
|
Unique Email |
Required |
|
Business Registration Address The address on file with the business’s formation/registration. |
Required |
|
Business Physical Address The primary operating address—distinct from the registration address. |
Future |
|
Country, State/Province, City, Postal Code |
Required |
|
Phone Number |
Required |
|
Tax Identification Number (Tax ID) |
Required |
|
Industry / Sub-Industry |
Required |
|
Website (if available) Website or social media links. |
Required |
|
Business Description |
Required |
|
Source of Funds |
Required |
|
Purpose of Account Examples: “vendor_supplier_payments”; “Vendor / Supplier Payments”; “payroll_salary_disbursements”; and “Payroll / Salary Disbursements.” |
Required |
|
Expected Monthly Activity |
Required |
|
Annual Revenue |
Required |
|
Sending / Receiving Countries |
Required |
|
Proof of Address Document May be required when unable to verify the address through trusted third-party sources. Accepted documents: utility bill, bank statement, or lease dated within the last 90 days. |
Risk-based |
|
Business Registration / Incorporation Document Collected when the business cannot be verified via an automated registry check. |
Risk-based |
|
Business Ownership Documents (attestation) The control person may attest to the ownership structure in lieu of formal documents when risk is low; documentation may be required for higher-risk businesses. |
Risk-based |
|
Proof of Operating Activity (Invoices, Contracts, Bills of Lading, and Similar Documents) May be required to establish the nature of the business. Accepted documents: invoices, executed service agreements or contracts, bills of lading, marketing materials, bank statements, or tax documents. New businesses may provide a business plan, investor presentation, or prospectus. |
Risk-based |
Ownership
Beneficial Ownership Information (BOI)
Required alongside base Know Your Business (KYB) verification for all beneficial owners and/or control persons.
|
Full Name |
Required |
|
Title |
Required |
|
Date of Birth |
Required |
|
Citizenship |
Required |
|
Residential Address |
Required |
|
Tax ID |
Required |
|
Ownership % |
Required |
|
Government-issued ID Document |
Required |
Tier 2
Stored Value / Stablecoin Services
Additional requirements for Virtual Bank Account, Virtual Card, and Multi-Currency Wallet products.
|
Source of Funds |
Required |
|
Purpose of Account |
Required |
|
Expected Monthly Activity |
Required |
|
Annual Revenue / Income |
Required |
|
Sending / Receiving Countries |
Required |
|
Website Website or social media links. |
Required |
|
Business Ownership Documents (attestation) |
Required |
|
Business Registration / Formation Document |
Required |
|
BOI National ID |
Future |
|
BOI Birth Country |
Future |
|
BOI Birth City |
Future |