US banks work under written identification and beneficial-ownership rules, so what is requested at onboarding is set by regulation rather than by preference.
The identification and beneficial-ownership requirements a US bank applies to a legal-entity customer.
Before opening an account, a US bank must at minimum collect the customer's name, an address and an identification number. For a customer that is not an individual, the address may be a principal place of business, local office or other physical location.
For a non-US person, the CIP identification number may be a taxpayer ID, passport number and country, alien ID card number or another government-issued ID number. For a foreign business with no ID number, the bank must request alternative government-issued documentation certifying that the business exists.
A US bank must verify a customer's identity within a reasonable time after the account is opened, using documents, non-documentary methods or both. For entities, listed document examples include certified articles of incorporation, a government-issued business licence, a partnership agreement or a trust instrument.
For customers that are not individuals, a bank's CIP must address when it will obtain information about individuals with authority or control over the account, including signatories, to verify the customer's identity. This applies only where standard verification methods cannot verify the customer.
Under the FinCEN beneficial-ownership rule, a legal entity customer includes a corporation, an LLC or another entity created by a public filing with a Secretary of State or similar office, a general partnership, and similar entities formed under foreign law that open an account.
A US bank may collect beneficial-owner information through the certification form in the rule's appendix, or by other means if the individual opening the account certifies its accuracy. It may rely on what the customer supplies unless it knows facts that reasonably call that into question.
The FinCEN rule notes that up to four individuals may need to be identified under the 25%-ownership prong, and only one individual under the control prong; the same person can fall under both.
By order FIN-2026-R001 (13 February 2026), FinCEN lets covered institutions identify and verify a legal entity customer's beneficial owners when it first opens an account, when reliability is in doubt, and as risk-based procedures require, instead of at every new account.
31 CFR 1020.220 Customer identification program requirements for banks (eCFR) — eCFR / US Government Publishing Office
31 CFR 1010.230 Beneficial ownership requirements for legal entity customers (eCFR) — eCFR / US Government Publishing Office
FIN-2026-R001 Exceptive relief from identifying beneficial owners at each account opening — FinCEN
Fact sheet last reviewed 2026-09-28. Jurisdiction rules are confirmed against the sources above; a provider's own requirements differ and are confirmed by the provider.
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For a non-US person, the CIP identification number may be a taxpayer ID, passport number and country, alien ID card number or another government-issued ID number. For a foreign business with no ID number, the bank must request alternative government-issued documentation certifying that the business exists.
The FinCEN rule notes that up to four individuals may need to be identified under the 25%-ownership prong, and only one individual under the control prong; the same person can fall under both.
Not yet on a confirmed basis — Latynex is expanding provider coverage here. Your case is still reviewed on submission; where a suitable match exists we make the introduction, and where one doesn't yet, we say so plainly rather than promising one.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
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