What is KYC?

What is KYC?

So, what is KYC?

KYC, short for “Know Your Customer,” is a set of standards used in financial services to verify the identity of customers and financial profiles. KYC allows for the secure and compliant exchange of money when using Stir. We’re serious about keeping your account safe!

We complete identity verification through tax and identity information, such as your Social Security Number, date of birth, corporate tax ID/EIN, mailing address, and occasionally tax documents that prove your or your client’s identity.

For more information about KYC, this article in Investopedia is a good resource to learn more.