To open an account with Swan, certain eligibility criteria must be met by both individuals and companies. This article provides a detailed outline of the requirements.
You’re not guaranteed an account by meeting these eligibility criteria.
Individual eligibility
- Age: all account holders must be 18 years of age or older
- Residency: you must live in a country in the European Economic Area (EEA)
Company account eligibility
- Your company must be valid and active
- Company location: your business is registered and has a legal address in the EEA
- Restricted activities: your company does not engage in activities that are listed on Swan’s list of restricted businesses
- Legal representatives: legal representatives managing a payment account for a legal entity must be at least 18 years old
US citizens
- Individuals opening accounts and company Ultimate Beneficial Owners (UBOs) born in the USA must:
- Provide a Certificate of Loss of Nationality (CNL)
- Provide proof of residence in the EEA
By adhering to these guidelines, you ensure that your application for an account with Swan aligns with the necessary regulatory and compliance standards.