To ensure a smooth onboarding experience in the Monorail App, here’s what you’ll need:
✅ What You’ll Need
~10 minutes to complete the process
A valid Driver’s License, State ID, or Passport (for identity verification)
Bank account details (to fund your portfolio and charge your monthly subscription fee)
Social Security Number (SSN) (for compliance with federal regulations)
These are standard requirements for all U.S. investment platforms.
⚠️ Security First:
If there’s an error with any of your information, your account may be automatically locked as a precaution. This helps protect your identity and prevent unauthorized access.
If you run into any issues, please reach out to Monorail Support—we’re here to help!
🔒 Why We Ask for This Information
At Monorail, we’re committed to providing a secure, compliant, and seamless investing experience. To do that, we must meet strict financial regulations while ensuring the safety of your account.
Here’s what each required document is for:
📸 Valid ID (Driver’s License, State ID, or Passport)
We’re required by law to verify your identity before you can open an investment account. This prevents identity theft and ensures you're the rightful owner of the account.🏦 Bank Account Details
Your linked bank account allows you to fund your Patriot Portfolio™ and make secure transfers. We also use it to charge the monthly subscription fee. All banking info is protected using bank-grade encryption.🧾 Social Security Number (SSN)
Federal law requires all investment platforms to collect your SSN for:Tax reporting (e.g., issuing Form 1099s)
Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance
Your SSN is stored securely and only used for legally required regulatory purposes.
These steps are standard across the financial industry and help protect both you and Monorail from fraud and misuse.
🔄 Already Have an Investment Account Elsewhere?
You can transfer your existing assets into Monorail once your Patriot Portfolio™ is set up.
👉 Learn how to request a transfer