Why do I need to get verified?

Category: KYC

Just like when opening a traditional bank account, verification is essential to ensure the security and integrity of our services at BananaCrystal. As a financial institution, we have to obtain your IDs to comply with strict Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Verifying your identity helps us prevent fraudulent activities and safeguards the funds of all our users. This process is standard for any card program and is crucial for maintaining a secure and trusted financial environment.