Account Level 3

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.

If you have completed your Level 2 verification and your accumulated deposits/withdrawals are at least 30'000 EUR, you can submit documents for your Level 3 verification. If you don’t choose to do this independently, you will be required to submit these documents when your deposits exceed EUR 50'000 or your withdrawals exceed EUR 1’000'000.

Level 3 verification is a one-time process required to comply with Anti-Money Laundering regulation.

To complete your Level 3 verification, tap the Profile icon in the top-left corner of the Portfolio section in the SwissBorg app.

The next step is to navigate to Account Level. Inside you will see your current account level and levels for which you require verification. Tap Verify for Level 3.

For Level 3, we perform a more in-depth KYC/AML check in order to understand and verify your Source of Wealth (SoW). In order to assess your SoW, we request additional documentation/evidence that clearly demonstrates the origin of your funds. 

SoW can be evidenced in many ways, some examples of what we accept include:

• Current salary slip

• Proof of inheritance

• A deed of ownership

• Details of investments

• A proof of sale

The evidence in question must be sent in full. 

As a regulated entity, the information you provide is treated in strict confidence and is only accessible to authorised persons in the compliance team.