What are the requirements for each KYC level on Moniepoint?

Demilade Egbowon
Demilade Egbowon
  • Updated

Level 1:

  • Requirement: Provide your correct BVN (Bank Verification Number) or NIN (National Identification Number) upon successful signup.
  • Note: Without this information, your account will remain at Level 0.

Level 2:

  • Requirements:
    • Provide your NIN or BVN (if not already provided).
      Please ensure that the information, such as names and date of birth, matches on both NIN and BVN.
    • Submit your Next of Kin details.

Level 3:

  • Requirements:
    • Submit/upload your proof of address. Ensure that the address matches the one in our system. If providing a utility bill, it must be dated within the last 3 months.
    • Sign an indemnity agreement.
    • Obtain approval for your proof of address.

Corporate Account (Available Only on Moniepoint Business)

Business Details Approval:

  • Business Registration Type
  • RC Number (Registration Certificate Number)
  • Business Legal Name

Supporting Documents:

  • TIN (Tax Identification Number)
  • Memorandum and Articles of Association
  • Board Resolution
  • CAC (Corporate Affairs Commission) Documents
  • Attestation

For a list of accepted documents for address verification to upgrade to KYC Level 3, click here.

Do not hesitate to contact us if you have any further questions or require additional information.

Was this article helpful?

15 out of 16 found this helpful

Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.