The type of local bank you can use to accept fiat payout varies based on your country and your type of business. Below is a breakdown on the type of local account you can use to accept payouts.
Nigerian businesses:
Business Type | Requirements |
Starter business | A personal bank account whose details match the Personal ID you provided for your KYC verification. |
Registered business | A corporate bank account whose details match the business details and documents you provided for your KYC verification. |
Ghanaian businesses:
Business Type | Requirements |
Starter business | A personal account whose details match the personal ID you provided for your KYC verification. |
Registered business | A corporate bank account whose details match the business details and documents you provided for your KYC verification |
South African businesses:
Business Type | Requirements |
Starter business | A personal bank account that contains the same detail as the bank confirmation letter you provided for your KYC verification process. |
Registered business | A corporate bank account that has the same information as the bank confirmation letter you provided for your KYC. |
Kenyan businesses:
Business Type | Requirements |
Starter business | A personal bank account or mobile money numbers that matches the one you provided for your KYC verification |
Registered business | A corporate bank account that contains the same detail as the documents you provided for your KYC verification. |