Today we’ll talk about the KYC Form, what it is, and why you have to complete it before investing with Bondora.
Before we can finalize your account and grant you access to invest, you must complete the short Know Your Customer form, otherwise known as KYC. This is in addition to completing the ID verification and the bank account verification.
To complete your KYC form:
- Log into your account
- Then click on the ‘account setup’ banner at the top of your screen.
- Follow the verification prompts to finalize your account verification.
- Once you’ve completed it and we’ve finalized your account, you can start investing!
This KYC questionnaire helps us collect information vital to your account, like your occupation, proof of your source of funds, etc. But rest assured, we process all your personal data strictly according to our Privacy Policy.
It’s important to note that filling in the KYC form is a legal requirement, and we may have to close your account if you don’t complete it. The KYC form complies with the European Commission’s Anti-Money Laundering and Counter-Terrorist Financing directive that protects your account, personal data, and investments.
If you’ve added money before finalizing your account, your money will be reserved until we’ve activated your account. If we have to close your account because you didn’t complete the KYC form, your money will be sent back to your bank account.
That’s everything you need to know about the KYC form!
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How to complete your ID verification.
How to complete your Bank account verification.