Why do I need to verify my Pockit account?

Published on: 2024-10-17 14:16:58 +0100

We may need to verify your account, because we need to get to know you a little bit first. We do this to ensure that our products and services are right for you and to do our part to protect the banking system against financial crime. Verifying your Pockit account is an important step that ensures the safety, security, and proper functioning of your financial services. It's also required by law.

1. Legal and Regulatory Compliance

Pockit, like all financial institutions, is required by law to verify the identity of its customers. This process is part of Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements. These regulations are designed to prevent illegal activities such as money laundering, fraud, and terrorist financing. By verifying your account, Pockit complies with these laws, helping to maintain the integrity of the financial system.

2. Protecting Your Account

Verification helps protect your account from unauthorized access and fraud. By confirming your identity, Pockit ensures that only you can access and manage your account. This reduces the risk of someone else gaining control of your finances through identity theft or other fraudulent activities.

Click here to see how to open a Pockit account.