Documents required for proof of Funds
Yellow Card accepts different proof of funds documents for your KYC verification, so this article has been created to guide you.
Please follow these guidelines for KYC submissions:
1. Do not modify or alter your KYC documents to display your information, as this violates our policy.
2. Ensure that your document demonstrates that your earnings or transaction capacity meets or exceeds the daily limit amount for your current tier. For bank statements, at least one transaction should equal or exceed the daily limit for your current tier.
For example:
- If you are applying for Tier 2, your bank statement should show a transaction meeting or exceeding the daily limit for Tier 1.
- If you are applying for Tier 3, it should show a transaction meeting or exceeding the daily limit for Tier 2.
Below are the documents we accept for verification:
| Type | Description | Issue Date |
Employment/reference letter |
Proof of income is essential for establishing the origins of the particular funds or assets which are the subjects of the business relationship between the company and its client and the transactions the company needs to execute on behalf of its client. |
3 Months |
| Employment Contract | It must be on the company's letterhead. The letter/contract must confirm the permanent or fixed-term employment contract, and monthly and yearly income. Must be signed by the employer, employee, and a witness (if applicable). |
12 Months |
| Income Tax-return | The tax return document shows the breakdown of taxes remitted to the Authority. | 12 Months |
| Pay Slip | Payslips showing salary breakdown. | 3 Months |
| Bank Statement | This is a statement showing transactions in your bank account. Your bank statement should not be in a negative balance. Please make sure the bank statement you upload covers transactions starting from the current month you are in and going back to 6 months. For example, if you are applying in August, please provide a bank statement covering the period starting from August and going back 6 months as required. |
6 Months |
| Mobile Money Wallet Statement | 6 Months | |
| Credit Card Statement | 6 Months | |
| Inheritance | It must be on the letterhead of the insurance company or a valid insurance company email address. The letter/contract must confirm the payout. |
12 Months |
| Dividends | It must be on the letterhead of the investment/brokerage company, a valid investment/brokerage company email address. The letter/contract must confirm the payout |
12 Months |
Insurance Company Letter or payment confirmation |
It must be on the letterhead of the insurance company or a valid insurance company email address. The letter/contract must confirm the existence of a long-term or short-term insurance policy and payout. |
3 Months |
Business Income
| Type | Description | Issue Date |
Tax filing/return document |
Tax return document showing the breakdown of tax remitted to the Authority | 12 Months |
Bank/Wallet statement |
A minimum of 3 months' bank statement is required for all countries except for Botswana. Minimum of 6 months' bank statement for Botswana. |
3 Months |