Onboarding Guidance: Business Savings

Start your Insignis Cash application today

Use our onboarding guide to ensure you have everything you need to get your account open and start saving.

If you would prefer a printed copy please click here

Documentation

Complete Application Form

Please ensure every section is completed in its entirety. We require
a full understanding of the ownership of the company, the principal
business activities, and where it operates.

For any additional account operators (more than 4) or key
controllers and Unique Business Owner's (UBOs) (more than 10), please complete Additional
signatory forms.

The linked bank account is for deposits and withdrawals to and from
the Insignis Cash Platform; this must be in the client’s name, address,
and with a UK Bank

Certified* Proof of ID

Required for:
- Key Controllers
- Min. 25% + to Max. 10%+ UBO
- Account Operators

Certified within 3 months; please see Acceptable Documents section for complete list.

Certified* Proof of Address

Required for:
- Key Controllers
- Min. 25% + to Max. 10%+ UBO
- Account Operators

Certified within 3 months; please see Acceptable Documents section for complete list.

Source of Wealth

Please see specific requirements below

*For certification guidance, please see here

Source of Wealth

Where have your savings originated from?

Retained Earnings

Summary of most recent turnover and summary of cash or cash equivalents.

Liquidity Event (e.g. disposal of asset)

Documentary evidence of financing event

Financing

Documentary evidence of financing event

Start-up Capital

Source of wealth of individual(s) providing start-up funding

Holding Company

Information pertaining to the revenue derived from the operating
company(ies)

Acceptable Documents

To satisfy anti-money laundering regulations, every identity and address must be proved. These documents are passed to each deposit taker on request at the time of account opening.

Each deposit taker has its own ID requirements, but the majority accept the items listed below. A single document cannot be used for both proof of identification and proof of address.

Proof of Identification

All below must include the Individual’s date of birth to be valid

✓ Current valid Passport

✓ Current valid Driving license

✓ Police warrant card

✓ Certificate Armed Forces/Military ID Card

✓ DWP Letter (must include NI number as DOB)

Alternative documents for clients under the age of 18:

✓ Child Benefit Letter from parent, dated within the last 12 months.

✓ Birth certificate

Proof of Address

All below must include the Individual’s current address to be valid

✓ Current valid Driving license

✓ Council Tax Bill from the current year

✓ HMRC Tax Notice from the current year

Dated within the last 3 months:

✓ Utility Bill

✓ Bank or Building Society Statement

✓ Letter from Care Home Manager

Dated within the last 12 months:

✓ Mortgage Statement

✓ Tenancy Agreement

✓ Benefit Entitlement Notice

Alternative documents for clients under the age of 18:

✓ Student Loan Statement dated within the last 12 months.

✓ National Insurance Number Notification Letter

Wording for Certification

A certified document must include

✓ Name of the certifier

✓ Job title of the certifier

✓ Signature of the certifier

✓ Date of the certification (within the last 3 months)

✓ Written confirmation from the certifier that copies are true and exact copies and that they have seen the original and/or are true likeness of the individual (for certification of ID)

More details found here

Wording Template

I certify that I have seen the original document, and this is a true and exact copy.

Name:

Job Title:

Date:

Signature:

Individuals Who can Certify

Documents must be certified by an approved person:

✓ Bank or Building Society Official

✓ Councillor

✓ Minister of Religion

✓ Teacher or Lecture

✓ Dentist, Doctor, or other verifiable healthcare professional

✓ The Post Office

✓ Solicitor, Notary, or Barrister

✓ FCA regulated individual

✓ Employee of a regulated financial adviser firm

Unapproved Certifiers

X Unqualified or retired individuals from the list above

X Unregulated or unverifiable individuals

X Individuals related to the client

X Individuals living at the same address as the client

X Individuals in a relationship with the client

X Employees of the client

X Individuals involved in the Insignis Cash account

In need of further support

If you still have questions unanswered reach out to a member of our team today.

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