QUETZAL

Opening an Account

Learn how to open a new Quetzal account

At Quetzal, we've designed our account opening process to be thorough yet straightforward. This guide explains what information we require and what to expect when opening a corporate account with us.

Account Opening Process

Opening a corporate account with Quetzal typically takes 24-48 hours once we've received all required information and documentation. Our process is designed to ensure compliance with regulatory requirements while providing you with a secure financial platform for your business. You can apply for an account via our web app or by requesting a manual onboarding form from support.

Information We Collect

Company Details

  • Company Alias: The friendly name for your company
  • Company Legal Name: Your company's official registered name
  • Company Number: Your company's registration number
  • Unique Tax Reference (UTR): Your HMRC Corporation Tax reference
  • Website: Your company's website address
  • Description: A brief description of what your company does
  • Annual Turnover: Approximate annual turnover of your business
  • Registered Address: Your company's official registered address
  • Trading Address: If different from your registered address

International Operations

  • Information about any groups, branches, or operations in other jurisdictions

Required Company Documents

  • Certificate of Incorporation
  • Articles of Association

People Involved in Your Company

For each director, ultimate beneficial owner (UBO), and authorised person, we collect:

  • Full Name
  • Date of Birth
  • Residential Address
  • ID Number (NI Number, ID Card, or Passport number)
  • Director status
  • Shareholding percentage
  • Authorised Person status

Documentation for Individuals

  • Proof of ID: Can be a passport, driving licence, residence permit, or ID card
  • Proof of Address: Must show current residential address and be valid or dated within the last 3 months (e.g., driving licence if not used for proof of ID, bank statement, utility bill)

Banking Information

  • Nominated Bank Account: For security, we restrict your first deposit to a nominated bank account
    • Account Number
    • Sort Code
  • Latest Bank Statement: For the above bank account

Source of Funds

  • Expected initial deposit amount
  • Expected ongoing deposits (monthly)
  • Description of the source of funds
  • Documentation showing the source of funds

Declarations

We require declarations regarding:

  • PEP (Politically Exposed Person) status
  • US person beneficial ownership
  • Any convictions or settlements related to financial crimes

What Happens Next

Once you've completed the account opening form with all required information:

  1. We will issue a document for eSignature
  2. We'll begin conducting Anti-Money Laundering checks in line with our regulatory requirements
  3. We may request additional information during this process
  4. Your account will typically be opened within 24-48 hours of receiving all required information

If you have any questions about the account opening process, please contact our support team at team@quetzal.finance.