Every banqer must confirm their identity before conducting business, in accordance with federal regulations under the Bank Secrecy and USA PATRIOT Act, whether they are using 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:
- Legal Name
- ID Verification (Passport, Driver's License, or Government ID)
- Personal Address
- Social Security Number
- Date of Birth
This process can be completed by uploading a Valid US State Issued ID/Driver License or Passport. This can be done by going into your settings (3 dots on the bottom right), going into Personal Info and selecting ID Validation.