Struggle no more! A simple guide to address verification with MoneyPolo
In our previous posts, we discussed why verification matters for you as a customer, and for us as your money transfer service provider.
Now, it is time to clear up any mysteries regarding verification documents. While personal identification is pretty straightforward – in most cases all you need is a scan of your national ID or your passport – proof of address (a scan of a printed document with your name and address on it issued by a trusted body) is sometimes harder to obtain. Or, at least, most of us might assume this to begin with.
In reality, it is easier than it sounds, even in the age of electronic bills and online payments. But first, you might ask, why do we ask you for scan of already printed document in the first place?
The answer is simple – safety. It is all part of the necessary process in order to best protect you as a customer against fraud, and, to comply with international financial regulatory authorities, again, aimed at protecting you and your money. Just like your local bank.
If proof of address is what you require, what documents are good enough to register yourself with MoneyPolo? Obviously, it should clearly state your full name and your full address of residence. Secondly, it should be stamped by the issuing authority (except the utility bills). An additional and important characteristic is that the proof should not be more than 3 months old.
This combination can usually be found on regular utility bills, bank statements, a variety official statements from local authorities and paper documents from government institutions confirming your residential address.
- Do you receive monthly bills from gas/electricity etc. in your name? Great!
- Have a bank account? Simply ask for an account statement in your local branch.
- Studying abroad? Confirmation from your accommodation office will work just fine.
- Have a business registered in your name or you are a self-employed entrepreneur? Confirmation of business registration and/or tax documents have all the necessary information.
You can rest assured that any sensitive information you provide is safe with us, and it will remain only between you as a customer and MoneyPolo as your money transfer provider. Whichever scan of a document you send us, we only “see” 3 things – address, name and stamp.
All other information is kept strictly confidential, according to our internal policy and strict privacy legislation, whether it is a file of divorce or your residence is an entire Bahamian island. This information will never have any influence on how we treat you or the services we provide to you. Years ago, your author, for example, registered an account with a bank statement declaring a negative current balance – and everything worked out just fine.
Funny facts (Strange but true)
It really bugs us, but it is forbidden by authorities to use addresses from official EU ID cards as well as all kinds of power of attorney as proof, even though they more than provide all necessary info. On the other hand, there is a long list of specific documents from different countries that we can legally accept, like registration stamps in passports from some CIS states (Russia and Ukraine) or a post office box number from Gulf countries – just have a look at this link for more information. Find your country and see what your government sees as good enough: https://support.moneypolo.com/accounts/verification/what-are-the-requirements-for-verification-documents
Join 100,000 verified MoneyPolo customers today!
And remember – everything is way simpler than it might seem! MoneyPolo unites 100.000 already verified customers who save every time they transfer money – join us and become a happy saver too!
Still have some questions? We’ve got them covered in our FAQ section: https://support.moneypolo.com/accounts/verification/what-are-the-requirements-for-verification-documents