List of documents needed to open a corporate account

1. Application form (must be filled online).

2. High-quality colored scan copy of the passport*

• Passport requirements:
• High-resolution colored scan copy;
• Format: PDF or PNG;
• White background;
• No cropping (all zones and corners must be clearly visible).

3. Proof of address (any utility bill issued not older than 90 days since application form submit)/ bank reference letter/ bank statement translated into English or Lithuania.

4. Detailed business description:

• Source of funds;
• Website;
• Incoming and outgoing transfers;
• Which countries you are going to work with;
• Marketing material (additional information: business cards, brochures, presentation etc.).

5. Corporate documents for business account:

• Certificate of Incorporation;
• Memorandum and Articles of Association;
• Appointment of directors and shareholders;
• Certificate of Good Standing/Incumbency (for companies older than 1 year);
• Any other relevant corporate documents depending on the country of registration.

6. Supporting documents on clients/suppliers (such as invoices, contracts, draft contracts).

7. Supporting documents for initial funding (if first transfer is from an existing bank, a bank statement is needed, or if first transfer is from your partner, an invoice or contract is needed).

8. Self-photo with the Passport/ID card, where we can clearly see all the necessary information on the Passport/ID card, along with the client’s face in the background of the same picture.
https://www.satchelpay.com/en/self-photo-requirements/

*the scan of the ID (front and back) will be accepted only for citizens or residents of the EU or EEA.