Proof of Address is a document or set of documents that verify your residential address. Common examples include utility bills, bank statements, or official government correspondence that clearly show your name and address. When opening an account, you may be required to provide proof of address to confirm your residence and identity.
How to provide a proof of address
A proof of address can be any of the following documents, as long as they display a date that is less than three months in the past. Examples of relevant documents are the following:
Utility bill (energy, water, landline phone, internet provider, etc.)
Letter from municipality (UWV, DUO, tax authority)
Mortgage or rental agreement
After producing one of the aforementioned examples, it can be submitted to the document upload portal that is available in the web app.
Why is it necessary?
Under the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft), we are stipulated to collect and verify proof of address as a part of our anti-money laundering (AML) and know-your-customer (KYC) procedures. This helps comply with legal and regulatory requirements designed to prevent financial crimes. Proof of address helps verify that the individual or entity applying for the account is indeed residing at the address they have provided. This is crucial for preventing fraud and ensuring that all account details are accurate.