Eligibility criteria for opening a payment account

  • Updated

Check whether you or your company are eligible to open an account with Swan.

Meeting these eligibility criteria doesn't guarantee an account.

Individual eligibility

  • Age: you must be at least 18 years old.
  • 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 doesn't engage in activities listed on Swan's list of restricted businesses.
  • Legal representatives: legal representatives managing an account for a legal entity must be at least 18 years old.

United States (US) person requirements

If you or someone connected to your company (such as a legal representative or ultimate beneficial owner) is identified as a US person for tax purposes, Swan may request additional documents.

Swan doesn't onboard self-employed individuals who are US persons.

Am I considered a US person?

You might be considered a US person if you hold US citizenship, have a US tax identification number, or have other indicators of US tax residency (such as a US address or place of birth).

Documents you might need to provide

Depending on your situation, you may need to provide one or more of the following documents. The documents listed below are in English. 

By adhering to these guidelines, you ensure that your application for an account with Swan aligns with the necessary regulatory and compliance standards. If you have questions, contact Swan Support.