Required documents for business Account applications

AFEX offers International Payment and Risk Management Solutions to United States-based businesses that have commercial foreign exchange needs. The service is not available to consumers. To apply, you will need to provide some basic information about the business making this application (the "Business"), personal information about you[1], directors, officers, and the owners of the business. In addition, you will be asked to upload a scanned/copy of a non-expired, government issued identification and the appropriate business filing documents (please see below). If you do not have these items you can still register now and an AFEX representative will be in contact with you to complete your account opening process.

Supporting Documentation

Sole Proprietorship

  • Complete business Account application
  • DBA registration if company name is different than proprietor’s name; business license; or seller permit
     

Partnerships (LP/LLP)

  • Partnership Agreement
  • Non-expired and government issued identification of all partners
  • Business license, if applicable

Private Corporation/Limit Liability Company

  • Complete business Account application
  • Articles of Incorporation
  • DBA registration if bank account is under the DBA of the business

Public Corporation

  • Complete Part V of the business Account application

IMPORTANT INFORMATION ABOUT OPENING A BUSINESS ACCOUNT AT AFEX

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each individual who opens an account. We also do this to help us to identify others listed in the application. What this means for you: we will ask for information to help us and others identify persons described in the application, including dates of birth, etc. We may also ask to see other identifying documents. We may use all information now and later to help verify account users and to perform and enforce account transactions and terms, except as prohibited by law. Our Privacy Policy also applies but does not supersede this notice. For information on how we protect your privacy, please read our Privacy Policy.

Click here for information about addressing complaints regarding our money services business, lists of our Money Transmitter licenses and other disclosures.

 

[1] 1) When we say "you" or "Authorized Officer," we mean the person who is authorized to (a) complete and sign this application on behalf of the Business, and (b) designate other employees and set and change their authority levels. By submitting an application, you represent and warrant that you are such a person or are the sole proprietor of the Business. You must have authority at least to do all of the following from time to time for the Business: make and amend this application and the contracts in it, designate and modify or delete who may deal with us or access or use our systems on behalf of the Business ("users"), set and change and remove user authorities, amend information about the Business' account and designate the Primary Contact. International Payments and Risk Management Solutions are services of Associated Foreign Exchange, Inc., which is referred to in this application as "AFEX".