What documents are required to move a payment account to the KYC2 status?

Moving a payment account to the KYC2 status requires the upload of KYC documents in the concerned payment account, as well as their verification by our KYC experts.

Standard documents to be provided depending on the type of payment account are listed below:

NATURAL PERSON/ALONE (ISCOMPANY=NO)
• A valid proof of ID (ID card both sides, passport) of the payment account holder. 
 A second valid proof of ID (ID card both sides, passport) of the payment account holder or a proof of address (electricity, gas, water, internet, landline or mobile phone invoice/payment schedule, home property insurance document/rent receipt, housing certificate issued by the city hall, tax assessment no older than 1 year) less than 3 months old of the payment account holder
• A bank statement (PDF or image format) including first & last name of the account holder as well as IBAN (only necessary for Money-Out transactions). In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required

NATURAL PERSON/JOINT (ISCOMPANY=NO)
• A valid proof of ID (ID card both sides, passport) per payment account co-holder.

• A second valid proof of ID (ID card both sides, passport) per payment account co-holder or a proof of address (electricity, gas, water, internet, landline or mobile phone invoice/payment schedule, home property insurance document/rent receipt, housing certificate issued by the city hall, tax assessment no older than 1 year) less than 3 months old mentioning both co-holders/one proof of address per co-holder otherwise
• A bank statement (PDF or image format) including first & last names of both account co-holders as well as IBAN (only necessary for Money-Out transactions). In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required

UNLISTED COMPANY (ISCOMPANY=YES)
• A valid proof of ID (ID card both sides, passport) of the legal representative of the company holding the payment account. 

• A valid proof of ID (ID card both sides, passport) for each ultimate beneficiary owner owning at least 25% of the company shares. 
• The certificate of incorporation (less than 3 months) for the company holding the payment account
• The memorandum or articles of association of the company holding the payment account
• An official signed letter from the company legal representative with details of shares (if not in the memorandum)
• A bank statement (PDF or image format) including name as well as IBAN (only necessary for Money-Out transactions) of the company holding the payment account. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

COMPANY LISTED IN A EU COUNTRY OR IN AN EQUIVALENT THIRD COUNTRY (ISCOMPANY=YES)
• A valid proof of ID (ID card both sides, passport) of an authorized representative of the company holding the payment account.
[If not listed in the certificate of incorporation of the company, the quality - authorized representative - of the natural person identified should be publicly verifiable (ex: LinkedIn)]
• The certificate of incorporation (less than 3 months) for the company holding the payment account
• A bank statement (PDF or image format) including name as well as IBAN (only necessary for Money-Out transactions) of the company holding the payment account. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

ASSOCIATION (ISCOMPANY=YES)
• A valid proof of ID (ex: ID card, passport) of one of the legal representatives (president, treasurer, or general secretary) of the association holding the payment account.

• A copy (less than 1 year) of the minutes of the latest general assembly of the association holding the payment account
• Association Registration Document

• A certified true copy by one of the legal representatives of the memorandum or articles of association of the association holding the payment account
• A bank statement (PDF or image format) including name as well as IBAN (only necessary for Money-Out transactions) of the association holding the payment account. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

SELF-EMPLOYED (ISCOMPANY=YES)
• A valid proof of ID (ex: ID card, passport) of the payment account holder. 

• A proof of address (electricity, gas, water, internet, landline or mobile phone invoice/payment schedule, home property insurance document/rent receipt, housing certificate issued by the city hall, tax assessment no older than 1 year) less than 3 months old of the payment account holder
• The latest certificate of incorporation of the payment account holder
• A bank statement (PDF or image format) including first & last name as well as IBAN (only necessary for Money-Out transactions) of the payment account holder. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

ADMINISTRATION (ISCOMPANY=YES)
• A valid proof of ID (ex: ID card, passport) of the natural person mandated by the administration holding the payment account. 
• A power of attorney from the administration holding the payment account given to the natural person
• A bank statement (PDF or image format) including name as well as IBAN (only necessary for Money-Out transactions) of administration holding the payment account. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

TRUST OR FOUNDATION (ISCOMPANY=YES)
• A valid proof of ID (ex: ID card, passport) of the natural person representing the trust/foundation holding the payment account. 
• An official document stating that the natural person identified is authorized to represent the trust/foundation and open a payment account on behalf of the trust/foundation
• A certified copy (less than 3 months) of the certificate of incorporation of the trust/foundation
• A bank statement (PDF or image format) including name as well as IBAN (only necessary for Money-Out transactions) of administration holding the payment account. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

ARTISAN (ISCOMPANY=YES)
• A valid proof of ID (ex: ID card, passport) of the payment account holder. 

• The certificate (less than 3 months) from the chamber of trade of the payment account holder
• A bank statement (PDF or image format) including first & last name as well as IBAN (only necessary for Money-Out transactions) of the payment account holder. In case the bank account is opened with an online bank, an additional valid proof of ID (ID card both sides, passport, driving licence, or proof of address) will be required
• [CROWDFUNDING PARTNERS ONLY] If the holder of the payment account is the project holder, a document describing the project when at least one of the two following conditions are met: the project amount exceeds equ. 100KEUR and/or the funds collected will be used to finance a project taking place in a country outside of the European Union or outside third countries (Australia, Brazil, Canada, Hong Kong, India, Japan, Mexico, Russia, Singapore, South Africa, South Korea, Switzerland, USA)

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