OPEN A BUSINESS ACCOUNT IN MONTIFY

Preliminary preparation

Before starting the application, it is worth checking:

• If Montify supports your company’s jurisdiction (some offshore and high-risk countries are not accepted).
• If your type of activity coincides with their policy (cryptocurrency, gambling, weapons and some financial services are restricted).

Submitting an application

Fill out the form with the basic data:

• Company name
• Country of registration.
• Registration number.
• Contact details.
• Brief description of the business (type of activity, target market, expected turnover).

Provision of the following corporate documents;

• Certificate of Incorporation
• Memorandum & Articles of Association
• Proof of Address
• Certificate of Good Standing
• Documents for directors and beneficiaries – passport or ID, proof of address (not older than 3 months), selfie with document (upon request)
• Description of source of funds – invoices, contracts, bank statements, business plan (especially for new companies),
• Company website or other materials confirming activities

Compliance check

• Check for compliance with AML/KYC requirements.
• Additional information may be requested (contracts, ownership structure, transaction explanations).
• For complex structures or international transactions, the process may take from 1 to 4 weeks.

Signing the contract

After approval:

• The electronic service contract is sent.
• You confirm the terms and rates.

Account activation

• Receive IBAN (LT or GB, depending on the product).
• Access to Internet banking. Ability to order Visa business cards (under development).
• Connection to SEPA, SWIFT, Faster Payments.