Onboarding: KYC Process

I have completed my KYC. When will my account get activated?
After you complete your KYC, our team will review the details and the status will be updated in your account in 48 hrs. If not, please check if you have rec...
Wed, 11 Sep, 2024 at 5:32 PM
What does “KYC on Hold” mean?
"KYC on Hold" status typically means that the Know Your Customer (KYC) process for an individual or business is temporarily paused or delayed. Thi...
Wed, 11 Sep, 2024 at 5:33 PM
What do I need KYC for?
KYC is required to utilize the following features: Payment Gateway Payment Links Open Pay
Wed, 11 Sep, 2024 at 5:33 PM
Do I need KYC to use Connected Banking?
No, you can use Connected Banking without doing your KYC.
Wed, 11 Sep, 2024 at 5:34 PM
What is a withdrawal account?
A withdrawal account is a designated Current Account to which you can withdraw funds from your Settlement Balance on OPEN. This account can be linked to OPE...
Wed, 11 Sep, 2024 at 5:34 PM
Can I change my withdrawal account?
Yes, the withdrawal account can be changed. However, for registered entities, the account must be in the name of the registered company. For unregistered an...
Wed, 11 Sep, 2024 at 5:35 PM
How can I change my withdrawal account?
You can reach out to our chat support or email us at letstalk@open.money to request an update to the withdrawal account. To process the update, please provi...
Wed, 11 Sep, 2024 at 5:36 PM