Verification of the Account
In order to verify your account, you will have to submit the information of your personal identification number. It could be your passport, driver’s license or any other proof of ID from the government.
We need the pictures to ensure that you are the one who has these documents in your ownership in the physical form. Data breaches are not uncommon these days and someone might just be using your information stolen from some company’s database. With a proof in the form of a picture, we clear our doubts of the presence of a fraudulent party within the process.
At the end of the day, taking a little hassle of providing these documents and their copies will save you from detrimental identity thefts and the stealing of bank information.
Bank Statement Proof
You have to provide us with a proof that the account information you have provided on our website coincides with the account information you have with the bank. We want to make sure that your name and address with us are the same as those appearing on your bank statement. This information is most important when you are making a wire transfer through your bank account.
Scanned Copies or Pictures of Your Utility Bills
By receiving the copies of the utility bills, we want to make sure that the address you have provided on the website is also accurate and correct. More importantly, we have to be sure that the address is really yours. You cannot overlook the fact that a lot of people know your address such as your friends, relatives, online friends, etc. Someone can use your address as a mock-up while signing up online.
While they have your physical address, they surely will not have access to the utility bills of your home. By asking you to send us the pictures of your home, we ensure that you are the person living on the address that has been provided to us. These billing proofs can also be a perfect way to confirm the accuracy of the physical address you have provided.
Scanned Copies or Pictures of Debit/Credit Cards
You will have to provide us with a copy or picture of the debit or credit card you are using. We have to make sure that the information you have provided on our website is of a card that you possess. If the card is in your possession, you should not have any issues in taking pictures of the card and uploading them on the website or sending their pictures to us through email.
With that in mind, we require you to upload a picture of your credit card to make sure that the card whose information you have provided on the website is in your possession. This removes any doubts from the process that someone else is using your credit card information that they might have bought online as a dump.