Base Documents (Base Docs)

Intro to KYC base documents

The Base Document contains basic user information (e.g. name, date-of-birth, address, email, and phone number). See Base Documents for more information.

Considerations

  • Users should submit their full legal name. Initials of names or non-legal names will result in failures.
  • Users below 18 years of age will be auto-rejected unless sharing a joint account with a parent or legal guardian
  • We recommend using Google to auto-populate the correct address to reduce address verification issues, as we check for mailable addresses.

Permission Scope

Permission scope helps determine if the user is allowed to send funds, receive funds and up to what amount (i.e. daily, weekly or monthly).

Each base document object is given a permission_scope based on the KYC program set on the platform’s Spec Sheet. This helps decide the overall user permission associated with the account.

Additionally, if multiple base document objects are submitted for one user, the document with the worst permission scope ends up being the permission associated with the user account (This ensures that the Spec Sheet KYC program is never invalidated, thus keeping you compliant).

Below are examples of different kinds of permission scopes:

Permission Scope
Comment

SEND|RECEIVE

The user can send and receive funds

SEND|RECEIVE|TIER|1

The user can send and receive funds up to the limits governed by the tier on the Spec Sheet

RECEIVE

The user can only receive funds

RECEIVE|TIER|1

The user can receive funds up to the limits governed by the tier on the Spec Sheet

Entity Scopes

  • Not Known
  • Aerospace/Defense
  • Airport
  • Arts & Entertainment
  • Automobiles and Parts
  • Automotive
  • Bank & Financial Services
  • Bank/Financial Institution
  • Bar
  • Biotechnology
  • Book Store
  • Business Services
  • Cause
  • Chemicals
  • Club
  • Community Organization
  • Community/Government
  • Company
  • Computers/Technology
  • Concert Venue
  • Consulting/Business Services
  • Doctor
  • Education
  • Elementary School
  • Energy/Utility
  • Engineering/Construction
  • Event Planning/Event Services
  • Farming/Agriculture
  • Food/Beverages
  • Food/Grocery
  • Government Organization
  • Health/Beauty
  • Health/Medical/Pharmaceuticals
  • Health/Medical/Pharmacy
  • Home Improvement
  • Hospital/Clinic
  • Hotel
  • Industrials
  • Insurance Company
  • Internet/Software
  • Landmark
  • Lawyer
  • Legal/Law
  • Library
  • Licensed Financial Representative
  • Local Business
  • Media/News/Publishing
  • Middle School
  • Mining/Materials
  • Movie Theater
  • Museum/Art Gallery
  • Non-Governmental Organization (NGO)
  • Non-Profit Organization
  • Organization
  • Outdoor Gear/Sporting Goods
  • Pet Services
  • Political Organization
  • Political Party
  • Preschool
  • Professional Services
  • Public Places
  • Real Estate
  • Religious Organization
  • Restaurant/Cafe
  • Retail and Consumer Merchandise
  • School
  • Shopping/Retail
  • Small Business
  • Spas/Beauty/Personal Care
  • Sports Venue
  • Sports/Recreation/Activities
  • Telecommunication
  • Tours/Sightseeing
  • Train Station
  • Transport/Freight
  • Transportation
  • Travel/Leisure
  • University

Entity Types

Entity Types
Comment

M

Male

F

Female

O

Other

Minor

Individual under 18 years of age (minors may only open an account that is co-owned by their parent/legal guardian. This must be part of your software agreement)

NOT_KNOWN

Do not wish to specify (acceptable in cases of individuals only)

CORP

Corporation

Estate

Estate

IRA

Individual Retirement Account

LLC

Limited Liability Company

PARTNERSHIP

Any type of partnership

SOLE-PROPRIETORSHIP

Sole Proprietorship

TRUST

Trust


Base Documents (Base Docs)


Intro to KYC base documents

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