Important! Before submitting personal application, person’s ID should be already verified. If you are using ConnectPay’s IDV provider, process can be found here, if you are using your IDV provider, please follow instructions here.
Steps how to open restricted private client account:
- Platform needs to call endpoint POST Initiate onboarding Application (full KYC data) and submit all additional data about client. This endpoint requires to provide ConnectPay
personId. It indicates that person identity was verified. - After successful data submission Platformwill get 200 response with application status
APPLICATION_CAPTURED - ConnectPay performs required onboarding and Know Your Customer (KYC) actions
- After the required actions are done, application status will be changed to
APPLICATION_APPROVEDorAPPLICATION_DECLINED. Platform can get status change:- via webhook application status notification. You can find information here how to subscribe ConnectPay webhooks
- or via endpoint GET application status
- Together with status
APPLICATION_APPROVEDPlatform receivesbaasClientId. Based onbaasClientIdother actions can be performed: get BaaS Client list, get BaaS Client account, view BaaS Client account balance and etc.
Possible personal application statuses
| Status | Description |
|---|---|
| APPLICATION_CAPTURED | Informs that ConnectPay successfully received provided information and technical validations are done. |
| COMPLIANCE_REVIEW | Informs that application is in compliance review and additional checks are required. Not all applications receive this status. Application stays in this status until live person evaluates it. |
| APPLICATION_APPROVED | Informs that application was approved and IBAN is issued, and other APIs can be initiated with provided baasClientId. There are auto approval rules for personal applications, if requirements are met, status change will be done in seconds. |
| APPLICATION_DECLINED | Informs that application was declined. This status is always initiated manually from ConnectPay side. Before declining an application, a live person evaluates it, contacts partner if any additional supporting documents are required and only if customer cannot be onboarded, then declines application. |
Important! Application approval results in IBAN opening automatically. No additional actions to open account are required. To receive IBAN account number, use baasClientId received in Get application status API after application approval in Get BaaS Client accounts API.
.For purposes of the account select all possible options from the provided list
| Values | Description |
|---|---|
| SALARY | Receive salary |
| INDIVIDUAL_OR_SOLE_TRADER_INCOME | Income from individual/sole trader business activity. If selected this value, please provide registration number and industry of business activity in the additional information |
| PERSONAL_OR_HOUSEHOLD_EXPENSES | Personal/household expenses |
| FOREIGN_TRANSACTIONS | Foreign transactions |
| VIRTUAL_CURRENCY_OR_GAMBLING_RELATED_TRANSACTIONS | Virtual currency/gambling-related transactions |
| INVESTMENT_TRANSACTIONS_OR_LOAN_PAYMENTS | Investment-related transactions/loan payments |
| OTHER | Other. If selected this value, please provide more details |
For account’s connection to Lithuania select all possible options from the provided list
| Values | Description |
|---|---|
| WORK_OWN_REAL_ESTATE_HAVE_COMPANY_IN_LT | Work/own real estate/have a company registered in Lithuania |
| STUDYING_IN_LT | Studying in Lithuania |
| RESIDENCE_PERMIT_SPOUSE_IS_LT_CITIZEN | Have a residence permit in Lithuania/a spouse who is a citizen of the Republic of Lithuania |
| TAX_REFUNDS_STATE_BENEFITS | Tax refunds/state benefits (pension, land compensation, etc.) |
| HAVE_COUNTERPARTIES_LOCATED_IN_LT | Have counterparties located in Lithuania |
| EURO_ACCOUNT | Want to open a Euro account |
For source of income select only one from the list
| Values | Description |
|---|---|
| EMPLOYMENT_OR_INDIVIDUAL_BUSINESS_INCOME | Employment income/income from individual business activity |
| BUSINESS_PROFIT_OR_DIVIDENDS | Business profits/dividends |
| SALE_OF_INVESTMENTS_OR_LIQUIDATION_OF_PORTFOLIO | Sale of investments/liquidation of an investment portfolio |
| PROPERTY_SALE | Sale of property |
| LOAN_AND_FINANCING | Loan and financing |
| INHERITANCE | Inheritance |
| GIFT | Gift |
| OTHER | Other. If selected this value, please provide more details in sourceOfIncomeOther |