- Typically, we will try to approve you instantly. However, in some instances we may need to review your application (turnaround SLA 1 business day).
- If there are other parties to the application (other directors, shareholders etc.) we need to contact these parties as part of our AML obligations.
Supported business types:
| Business Type (Australia) | Which authorised person is required to open the account / sign the contract | Identity and credit check requirements for authorised person | Any other parties required? | Additional documents? |
| Sole Trader | Sole Trader | ID verificationPersonal credit check | n/a | n/a |
| Pty Ltd Company – single director | Sole Director | ID verificationPersonal credit check | All shareholders (>= 25%) need ID verification | n/a |
| Pty Ltd Company – multiple director | 2 directors Primary applicantSecondary signatory | ID verificationPersonal credit checkFor primary applicant and secondary signatory only | All shareholders (>= 25%) need ID verification | n/a |
| Partnership | Per partnership agreement | ID verificationPersonal credit checkFor primary applicant and secondary signatory(ies) only | All partners require ID verification | Certified partnership agreement |
| Trusts | Per trust deed | ID verificationPersonal credit checkFor trustee(s) only | All beneficiaries required ID verification | Certified trust deed |
| Business Type (New Zealand) | Which authorised person is required to open the account / sign the contract | Identity and credit check requirements for authorised person | Any other parties required? | Additional documents? |
| Sole Trader | Sole Trader | ID verificationPersonal credit check | n/a | n/a |
| Limited Company – single director | Sole Director | ID verificationPersonal credit check | All shareholders (>= 25%) need ID verification | n/a |
| Limited Company – multiple director | 2 directors Primary applicantSecondary signatory | ID verificationPersonal credit checkFor all directors | All shareholders (>= 25%) need ID verification | n/a |
| Partnership | Per partnership agreement | ID verificationPersonal credit checkFor all partners | n/a | Certified partnership agreement |
| Trusts | Per trust deed | ID verificationPersonal credit checkFor trustee(s) only | All beneficiaries required ID verification | Certified trust deed |
How will other parties to the account be contacted for their details?
Primary applicant will need to provide the contact details for additional parties.
In Australia:
- For primary applicant
- Contract execution and Photo ID details are provided directly within the App
- For additional signatories:
- Contract execution and Photo ID details are provided by email (Photo ID can be a PDF or picture – no need to certify)
- We will verify ID and also conduct personal credit check
- All other shareholders (>=25%) / Beneficiaries / Partners
- Contract execution and Photo ID details are provided by email (Photo ID can be a PDF or picture – no need to certify)
- We will verify ID
In New Zealand:
- For primary applicant
- Contract execution and Photo ID details are provided directly within the App
- For additional signatories:
- Contract execution and Photo ID details are provided by email (Photo ID can be a PDF or picture – no need to certify)
- We will verify ID and also conduct personal credit check
- All other directors, partners, trustees
- Contract execution and Photo ID details are provided by email (Photo ID can be a PDF or picture – no need to certify)
- We will verify ID and also conduct personal credit check
- All other shareholders (>=25%) / Beneficiaries / Partners
- Contract execution and Photo ID details are provided by email (Photo ID can be a PDF or picture – no need to certify)
- We will verify ID
New Zealand ▼