How to open a Levro account

If you have all the required documents (see below) you should be done in 10 minutes or less. Once we have all your information, it takes us less than 48 hours to approve your account. Company details - Here you will share some information about your company. For example. we will ask you for the company's name, address, and other details. you do not need additional documentation for this step (3 min)Officer information - We also need your information including full name, title, phone number, e-mail address, Social Security Number, and Date of Birth. Pro tip: Make sure you type your phone number correctly, we will send you a verification code before you can move on to the next stage. (3 min)Beneficial owner information - If the company has any individual with an equity stake of 25% or more, we will also ask you to fill their information (name, SSN, address, DoB etc). (2 min)(Supplemental) Share company documents - You may be asked for additional documents for verification, details below.To open an account, you'll need information on both the business and key officers (anyone with >25% ownership). Please have these handy before you start the process:Employer Identification Number or EIN — The EIN is a unique nine-digit number assigned by the Internal Revenue Service to businesses operating in the United States. If your company doesn't have an EIN yet, please upload a copy of your EIN application receipt from the IRS.Articles/Certificate of Incorporation — Please provide the verified document from your incorporation state confirming that your business has successfully been incorporated. The verified version should have a stamp or signature from the Secretary of State. Social Security Number — We may also require SSN verification, for which you can upload a copy of your SSN card, or any tax document such as a W-2Driver's License: We will also need a photo ID. A Driver's License is ideal If you don't have a US SSN:Passport: We will need a photo of your passport - scanned copies will not be accepted.Address Verification: In most cases we will need a document with your name and home address, as provided on the application. This can be a bank statement, lease or utility bill. The document may be no more than 6 months old (leases must still be valid). We require this to be a physical address, but it doesn't need to be in the US. PO Boxes and foreign IDs are not accepted. If your document is not in English, please email it to [email protected] and we will translate it for you. If you need any help, please feel free to reach out to us anytime: [email protected] Levro accounts FDIC insured? Yes, all USD funds with Levro are held at Blue Ridge Bank and are FDIC insured up to $250,000.What if I don't get the verification code? you can request that we re-send the verification code. The message is sent via SMS, so make sure you can receive SMS before requesting the code. Please note that we cannot guarantee that VOIP numbers will work with our 2FA system. Which documents are accepted for verification purposes? You will need documents for your company and yourself. For a full list of all required documents, please see above. Do I need documents for all founders? Any individual who owns 25% or more of the companyDo I need both the front & back of my driver's license? Yes please! to approve your account, we need both sides of your drivers licenseWhat if I don't have a drivers license? You can also upload a passport + document verifying your address (bank statement, utility bill, pay stub, lease agreement, etc.).Can I upload my passport in place of the driver's license AND the SSN? Yes you can! Why don’t you accept foreign IDs or other document types for the address verification? At this time we only accept leases, utility bills and bank statements for the address verification. What if my document isn’t in English? If your name and address are written in the latin/roman alphabet and are clearly laid out on the page we may not need to translate it. If your document is in a language that does not use the latin/roman alphabet, please email [email protected] and we can translate the document for you.