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What is the identity verification process?


Every banqer must confirm their identity before conducting business, in accordance with federal regulations under the Bank Secrecy and USA PATRIOT Act, regardless of whether they will use banq for business or individual purposes. This is done to prevent fraud and money laundering.

You must verify your identity in order to get paid, hold assets in your banq account, add additional accounts and more.

In order to verify your identity we ask for your:

  • ID Verification (Passport, Driver's License, or Government ID) 
  • Personal Address 
  • Social Security Number
  • Date of Birth

This process can be completed via your Overview screen, where you'll see a link to verify your identity, or within your user settings. 


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