Why is KYC verification required to open a Stably Ramp account?
KYC Compliance or know your customer, is a required customer identification program (CIP) in which U.S. financial institutions must verify the identity of individuals wishing to conduct financial transactions with them.
KYC helps financial institutions (and other businesses) answer the question, “Is this person real?” As a consumer, KYC is an essential step in the onboarding process that verifies your identity and helps protect you against identity theft, synthetic identity fraud, and more.
Learn more about KYC verification from our vendor Socure here.
How long does KYC take?
For approximately 98% of registrations, KYC verification will only take a few minutes once you have submitted your documentation.
My Account Isn’t Verified Yet (KYC)
Approximately 2% of registrations will require a manual review process. If you have not been verified after 24 hours, please submit a support ticket here.
What information are you storing from the KYC process?
- Mobile Device (Phone)
- Email Address
- First Name / Last Name
- Date of Birth
- Address Information
- SSN or Tax ID
Have more questions? Please submit a support ticket.