Why do I need to submit my identification to make a transaction?
- February 1, 2020
When you open a bank account, you usually need take some ID into the bank branch. Lumenwire is no different. We’re a financial institution, so we need to know who’s using our service. It helps us combat money laundering, and keep everyone’s money safe.
So regardless of where you’re sending money from, and how much you send, we’ll ask for you to verify your identity. This helps us keep your money safe.
If you have a Lumenwire for Business account, we also need to verify information about your business.