Virtual Bank Account — Eligibility & Document Requirements
Partner reference for VBA eligibility by account type, supported currencies, and required KYC documents — without provider-specific details.
Use this page to confirm whether an account is eligible for a Virtual Bank Account (VBA), which currencies may be available, and which documents are typically required before a VBA application can move from INCOMPLETE to PENDING.
Veem determines VBA eligibility and routing based on account type, country, requested currencies, and related compliance checks. Partners do not select a banking partner; requirements below are expressed by account type so you can prepare the correct documents up front.
For application lifecycle and webhooks, see Virtual Bank Account. An application stays INCOMPLETE until form/terms, required documents, and beneficial ownership (when applicable) are complete. PENDING means those requirements are satisfied and the application has entered review.
Eligibility by account type
| Account type | VBA eligibility | Typical notes |
|---|---|---|
| Business | Eligible | Beneficial ownership information is usually required before review |
| Sole Proprietorship | Eligible | Treated as a personal account subtype with business activity |
| Freelancer | Eligible in some cases | Availability depends on country and other eligibility checks |
| Individual (Personal Use) | Eligible in some cases | Availability depends on country and other eligibility checks |
EligibilityCountry, address, compliance status, and requested currencies can further restrict whether VBA is available for a given account. If an account is not eligible, the API returns an eligibility or validation error rather than opening an application.
Supported currencies
Depending on account eligibility, VBA may be available in one or more of the following currencies (ISO 4217):
| Currency | Code |
|---|---|
| US Dollar | USD |
| Euro | EUR |
| Canadian Dollar | CAD |
| British Pound | GBP |
| Not every eligible account can open every currency. Request only currencies that apply to the account’s eligibility; unsupported combinations are rejected. |
Document type keys
| Key | Description |
|---|---|
Business | Business registration / formation document |
PhotoIdFront | Government-issued photo ID — front |
PhotoIdBack | Government-issued photo ID — back |
Identity | Combined identity document that can satisfy both front and back photo ID |
Address | Proof of address |
BeneficialOwnership | Identity document for a beneficial owner (owner-scoped; include the owner id when linking) |
Photo IDIf a satisfied
Identitydocument is on file, separatePhotoIdFront/PhotoIdBackuploads are not required for that account or owner.
Required documents by account type
Prepare the documents below for the account type you are onboarding. Exact outstanding items can vary by eligibility; keep uploading until the application leaves INCOMPLETE and becomes PENDING.
Business
| Requirement | Details |
|---|---|
| Business registration | Upload Business when requested for the account |
| Beneficial ownership (BOI) | Complete beneficial ownership information when required for the account |
| Owner identity | Upload identity for beneficial owners as requested (BeneficialOwnership, or Identity / PhotoIdFront + PhotoIdBack linked to the owner). Some accounts require ID for every individual owner; others require ID for at least one owner |
Sole Proprietorship
| Requirement | Details |
|---|---|
| Photo ID | PhotoIdFront + PhotoIdBack (or a satisfied Identity) |
| Business registration | Upload Business when requested |
Individual (Personal Use)
| Requirement | Details |
|---|---|
| Photo ID | PhotoIdFront + PhotoIdBack (or a satisfied Identity) |
| Proof of address | Upload Address when requested |
Freelancer
| Requirement | Details |
|---|---|
| Photo ID | PhotoIdFront + PhotoIdBack (or a satisfied Identity) |
| Proof of address | Upload Address when requested |
Checklist before review (PENDING)
PENDING)- Confirm the account type is eligible for VBA and request supported currencies only.
- Submit a complete VBA application (required form fields and terms acceptance).
- Upload the documents for that account type (tables above).
- For Business accounts, complete beneficial ownership information and any requested owner identity documents.
- Confirm the application status / webhook moves from
INCOMPLETEtoPENDING.
If the application remainsINCOMPLETE, typical missing items are:Incomplete area What to fix Form or terms Finish the VBA application and accept terms Required documents Upload outstanding document types for the account type. If Beneficial ownership data was added before documents, you can link a document to a specific owner, check Account Document page for more details. Beneficial ownership Complete BOI and owner ID documents when required (Business). If Documents were uploaded before providing BOI information, you can link a list of documents to a specific owner, check Beneficial Ownership Information page for more details.
Related guides
- Virtual Bank Account — open VBA, statuses, and webhooks
Updated about 8 hours ago