Business KYB happens during Account Activation (6 steps). See How to open a business account for the full flow.
Step 1: Company information (step 2 of 6)
Enter legal name, TIN, activity, incorporation date, registered office, and financial profile. Submit for verification.
Step 2: Directors and owners (step 3 of 6)
Add legal representatives and beneficial owners (25%+). For each person enter personal details, ID details, activity, typed residence address, role, ownership %, and IBAN authorization. Submit representatives for verification.
Step 3: Phone verification (step 4 of 6)
Confirm the company phone with an SMS code sent to the legal representative.
Step 4: Documents and people verification (step 5 of 6)
- Legal representative who operates the IBAN: video identity verification and tax residence declaration (SMS sign) if applicable
- Shareholders / UBOs not operating the account: upload identity document (passport or ID, both sides)
- Power of attorney if required
- Company uploads: articles of incorporation, tax ID certificate, deed of administrative body
- Sign PEP declaration and beneficial ownership (TIR) electronically via SMS
- Non-Spanish representatives may sign ANR (tax residence declaration)
Step 5: Activate IBAN (step 6 of 6)
Contract signing and SEFIDE provider consent.
During review
Our team may ask for more documents in the app. Upload when prompted.
Questions: compliance@moneybeat.eu or support@moneybeat.eu.