The Base Document contains basic user information (e.g. name, date-of-birth, address, email, and phone number). See Base Documents for more information.
- 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
- As we check for mailable addresses, we encourage you to use Google Maps or the USPS ZIP Code Lookup Tool or similar tools to autocomplete addresses to avoid typos and other address verification issues. Please confirm that provided address is valid via our Verify Address API call before adding or updating.
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 lowest 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:
The user can send and receive funds
The user can send and receive funds up to the limits governed by the tier on the Spec Sheet
The user can only receive funds
The user can receive funds up to the limits governed by the tier on the Spec Sheet
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)
Do not wish to specify (acceptable in cases of individuals only)
Individual Retirement Account
Limited Liability Company
Any type of partnership
Business entity type for cases where a common vendor relationship may be used in different contexts by multiple different business users on the same Platform.
When creating a document owner with this entity type, please keep in mind that
Updated about a month ago