With any account at a financial institution, the regulators require a certain amount of KYC (know-your-customer). This prevents fraud and money laundering.
As much as we'd rather keep things light, we do have do get some of the basic stuff about your business. This includes:
- Sole Proprietorships: Nothing new, just your personal info.
- LLCs, Corporations, Partnerships: We'll need you to upload a document showing your EIN, some type of corporate formation document, and our Beneficial Owners Form. You'll also need to verify your ID (see more here: What's the process to verify my identity?) We can then finish setting up your account and get it open for withdrawals.
As always, if you have any questions or need help our customer support team is here to help at email@example.com!