Open an account for a private client

Steps how to open a restricted private client account:

  1. After successful data submission, the Platform will get a 200 response with the application status APPLICATION_CAPTURED
  2. ConnectPay performs required onboarding and Know Your Customer (KYC) actions
  3. After the required actions are done, application status will be changed to APPLICATION_APPROVED or APPLICATION_DECLINED. The Platform can get status change:
  4. Together with status APPLICATION_APPROVED Platform receives baasClientId. Based on baasClientId other actions can be performed: get the BaaS Client list, get the BaaS Client account, view the BaaS Client account balance, etc.

Possible personal application statuses

StatusDescription
APPLICATION_CAPTUREDThis message informs you that your application is in compliance review and that additional checks are required. Not all applications receive this status, and it stays in this status until a live person evaluates it.
COMPLIANCE_REVIEWInforms that the 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_APPROVEDInforms that the application was approved and IBAN is issued, and other APIs can be initiated with the provided baasClientId. There are auto approval rules for personal applications, if requirements are met, status change will be done in seconds.
APPLICATION_DECLINEDInforms 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.
Application states

.For purposes of the account, select all possible options from the provided list

ValuesDescription
SalaryReceive salary
IndividualOrSoleTraderIncomeIncome from individual/sole trader business activity. If selected this value, please provide registration number and industry of business activity in the additional information
PersonalOrHouseholdExpensesPersonal/household expenses
ForeignTransactionsForeign transactions
VirtualCurrencyOrGamblingRelatedTransactionsVirtual currency/gambling-related transactions
InvestmentTransactionsOrLoanPaymentsInvestment-related transactions/loan payments
OtherOther. If selected this value, please provide more details

For the account’s connection to Lithuania, select all possible options from the provided list

ValuesDescription
WorkOwnRealEstateHaveCompanyInLtWork/own real estate/have a company registered in Lithuania
StudyingInLtStudying in Lithuania
ResidencePermitSpouseIsLtCitizenHave a residence permit in Lithuania/a spouse who is a citizen of the Republic of Lithuania
TaxRefundsStateBenefitsTax refunds/state benefits (pension, land compensation, etc.)
HaveCounterpartiesLocatedInLtHave counterparties located in Lithuania
EuroAccountWant to open a Euro account

For source of income, select only one from the list

ValuesDescription
EmploymentOrIndividualBusinessIncomeEmployment income/income from individual business activity
PensionRetirement payments
SavingsPersonal savings
AlimonyFinancial support from former spouse after a separation or divorce
SocialBenefitsFinancial assistance or support services provided by the government (or related public institutions)
ScholarshipScholarship
OtherOther. If selected this value, please provide more details in sourceOfIncomeOther

Identity verification with ConnectPay provider

Identity verification using your provider’s data

Accounts using BaaS

Notifications

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