SwissBorg has three account levels with different transaction limits, and those levels require different types of verification.
Level 1 - Proof of Identity: Deposits limited to EUR 5'000, Withdrawals limited to EUR 5'000.
Level 2 - Proof of Residence: Deposits limited to EUR 50'000, Withdrawals limited to EUR 1’000'000.
Level 3 - Proof of Funds: Deposits unlimited, Withdrawals unlimited.
To complete the onboarding and register a new account, you will first need to provide a photo of your ID, which can be:
After that, you will be asked to take a selfie.
Note that you will need to submit a photo of your original identity document - not a photo of an image or a scan of the document - and all information on it must be clear and readable.
For ID cards and driving licenses, you will need to submit two photos - one of the front and one of the back of the document.
Once your identity is checked and verified, you will receive an email notification.
The identity verification will unlock a Level 1 account, which allows deposits and withdrawals of up to EUR 5'000. For higher limits on deposits and withdrawals, you will need to submit more documents to pass the Level 2 and Level 3 verification.