Verify Business & Connect Bank Account

When bringing new clients on board, we perform 'Know Your Customer' checks. This includes identifying and verifying the legal entity that intends to use our services. We conduct these checks to confirm the legitimacy of a business or a nonprofit as a legal entity, ensure it has no history of fraudulent or illegal activities, and verify compliance with anti-money laundering regulations.

Verifying a business requires the Primary Account Holder to connect their business bank account via Plaid or by manually entering the bank account details including the routing number and account number. The Primary Account Holder will also need to log into the online banking interface and take a photograph of the UI while logged in, and submit this as supporting evidence of bank account ownership.

In the background, our underwriting engine connects to additional data sources to validate key information relating to your busienss entity to compete the onboarding process.