Do I need audited accounts?
Not for most accounts. Financial statements may be requested depending on your jurisdiction and risk profile. For USD SWIFT and Fedwire accounts, recent financial statements are required, and they need to support the volume you plan to move.
The wider picture
The key points from the guide this answer comes from:
- Expect to provide incorporation documents, a current register of shareholders and directors, recent proof of business address, and evidence of where your money comes from.
- Align asks for ID and proof of address for everyone who holds 25% or more of ownership, voting rights or control.
- With complete documents, Align's review takes 1 to 5 business days. USD ACH and wire access also needs a review by its US banking partner.
- Most delays come from missing or out-of-date documents: send full PDFs or high-quality scans, not screenshots.
More questions on this
- How long does KYB take?
- Why do you need ID for my shareholders?
- Can I send screenshots of my documents?
The full guide
Expect to provide your incorporation documents, a current register of shareholders and directors, recent proof of business address, ID for everyone who owns or controls 25% or more, and evidence of where your money comes from.
Read What documents you need to open a business account: KYB and source of funds explained, with its sources.
General information, not legal, tax or financial advice. Rules and providers' terms change; check the sources in the guide and take advice on your own situation.
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Named USD, EUR, GBP and AED accounts in your company's name, with USDC and USDT in and out. Apply online; our compliance team reviews applications in 1 to 5 business days.