Skip to main content

What Documents Do You Need to Open a Business Account?

Sophie avatar
Written by Sophie
Updated over 3 weeks ago

Opening a business account with Coinmetro requires specific documents to verify your company and its representatives. Requirements can vary by country, but here’s a clear list of what you’ll typically need.

📋 General Verification Documents for Business Accounts

To get your business account verified, please prepare the following:

  • ID documents for the person opening the account

  • ID documents for all managers and directors

  • Certificate of Incorporation or equivalent official company registration document

  • Articles of Organization or Incorporation

  • Proof of Beneficial Owners (BOs) — documents showing shareholders or members

  • Company management documents — lists of directors, managers, or the board

  • Latest financial report or a bank statement from the last 6 months

  • Official business register entry from a government or online registry.

🔔 Our compliance team may contact you via email if they need more information about your business.

⭐ Special Requirements for U.S. Businesses

If your business is registered in the United States, you’ll generally need:

  • ID documents for the account opener

  • ID documents for all business managers/directors

  • Certificate of Incorporation issued by the Secretary of State (SOS) or equivalent authority

  • Articles of Incorporation endorsed by the SOS

  • Employer Identification Number (EIN) letter issued by the IRS

  • Operating Agreement or Bylaws showing company members and management

  • Bank statement from the past 6 months or financial reports from the last year

⚠️ Note: We currently cannot provide services to businesses located in Washington or New York.

❗ Important Information

  • All beneficial owners must submit valid ID documents.

  • We cannot onboard businesses that do not provide all requested documents or fail to respond to our compliance questions.

✅ Ready to open your business account?

Make sure you have your documents ready to ensure a smooth verification process. If you have any questions, our support team is here to help!


FAQs

👥 Can I open both a personal and business account?

Yes! You can have both a personal and a business account at Coinmetro, as long as they’re properly verified and meet our compliance requirements.

🤔 What’s the difference between a personal and a business account?

A personal account is for individual use and accepts deposits from your personal bank account. A business account is for company use and accepts deposits from a verified business bank account (or the personal account of the sole owner, if applicable). 👉 More on personal vs. business accounts

⏲️ How long does business verification take?

Business account verification usually takes a few business days, but this may vary depending on how quickly we receive and review your documents.

❓ Can I use my business account before verification is complete?

No. You’ll need to complete the full business verification process before your account is activated for deposits, trading, or withdrawals.

🔒 Is it safe to upload my business documents?

Yes — at Coinmetro, we follow strict security and data protection protocols. Your documents are encrypted and reviewed only by authorized compliance staff.

Did this answer your question?