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Natural requires identity verification to comply with federal and state financial regulations. All Parties must complete verification before they can send payments. Verification happens automatically after you submit your information through onboarding. The process typically completes within seconds, but may take up to 48 hours. Beyond initial verification, Natural also complies with BSA/AML regulations (Bank Secrecy Act/Anti-Money Laundering) via automated transaction monitoring.

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Verification types

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KYC (Know Your Customer) - Individuals

Individual parties complete KYC verification by providing:
  • Full legal name
  • Date of birth
  • Social Security Number
  • Photo of driver’s license or passport
  • Residential address
  • Email and phone

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KYB (Know Your Business) - Businesses

Business parties complete KYB verification:
  • Legal business name
  • EIN (Employer Identification Number)
  • Business type (LLC, Corporation, etc.)
  • Industry (NAICS code)
  • State of incorporation
  • Date of incorporation
  • Registered address
  • Physical address
  • Business description
  • Annual revenue
  • Articles of incorporation
  • Website
Businesses must disclose all individuals with 10% or more ownership and/or significant control, otherwise known as ultimate beneficial owners (UBOs). For each UBO, similar to KYC, Natural collects:
  • Full legal name
  • Date of birth
  • Social Security Number
  • Photo of driver’s license or passport
  • Ownership percentage
  • Title (CEO, Owner, etc.)
  • Residential address
All personal and business information is encrypted in transit and at rest. We use industry-leading security practices. Sensitive data like SSNs are tokenized and never stored in plain text.
  • Parties - Identity types that require verification
  • Users - User accounts that complete verification
  • Wallets - Wallet tiers based on verification status