Does the Bank Account Verification also include ID verification?

Yes. It does. However, it is recommended to do ID verification for higher limits. Lower limits do not require a photo ID verification. Mileage will vary as per the solution provider.

Suggested Video(s)

  • [Video Number] Title of the YouTube Video.

—

This page was last updated on January 19, 2023.

–

Related posts:

  1. What is a compliance program in banking and why is it necessary, what does it include
  2. What does the ‘introducer’ fees include?
  3. If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise.
  4. Who does the ID verification? Do I have to hire a third-party company for this, or is it included in the software?
  5. From what we understand and know, there should be a person/company in the US who provides services on legal compliance issues. Do you include this service with the indicated monthly price?
Share with others...