SkyFi accounts are free to create and once verified and approved can be used instantly. The information we’re required to obtain from you to process your registration are known as “Know Your Customer” (KYC) and “Know Your Business” (KYB) procedures which will be explained below.
Know Your Customer
Information gathered here is for verification of you as a person. This includes:
First and Last name
Email Address
Phone Number
Date of Birth (DOB)
Social Security Number (SSN)
Physical Address (not a mailing address)
Photo ID (Drivers License or Passport)
Face Verification
Know Your Business
This information is used for verification of your business and includes the following:
Business Name
Doing Business As (DBA), optional
Business Address
EIN (if Sole Proprietor or Single LLC this will be the Owners SSN)
Owner Name
If verification fails on either the KYC or KYB step then your application is submitted for review and we may reach out to you for more information via the email provided to us during your registration. Note that just because your registration has to go thru this review process does not mean that you’ve declined.