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When a business opens a Meridian Account, Meridian collects the information below for Know Your Business (KYB) verification. All information is subject to independent verification, and Meridian may request additional documentation at any time.
This list can change. KYB requirements are collected dynamically through onboarding and may be added to, adjusted, or supplemented with additional documentation requests as compliance requirements evolve — so this page may not always reflect the exact current set. Always treat the onboarding flow and the account opening form provided by Meridian as the authoritative source.

Business information

FieldField NameTypeRequiredNotes
Legal name of entitylegalNameString(150)YesExactly as it appears on formation documents
Trade name / DBAdisplayNameString(150)No
Tax ID numbertaxNumberString(50)Yes
Business registration numberregistrationNumberString(50)Yes
Business emailemailString(150)Yes
Date of formationincorporationDateDateYesOptional if retrievable from the proof of incorporation
Description of businessdescriptionString(700)Yes
Business verticalbusinessVerticalString (enum)YesIndustry category classification — see Business vertical values below
Website URLwebsiteUrlStringYes
IndustryindustryString(150)Yes
Business typebusinessTypeString (enum)YesLegal entity type — see Business type values below
Proof of business registrationbusiness_registration_proofDocument (PDF)Yes
Proof of business addressbusiness_address_proofDocument (PDF)Yes
Proof of business identitybusiness_identity_proofDocument (PDF)Yes
Ownership chartbusiness_article_of_ownershipDocument (PDF)YesShowing all direct and indirect owners, including percentage held at each level
  • BENEFIT_CORPORATION
  • CLOSELY_HELD_CORPORATION
  • COOPERATIVE
  • CORPORATION
  • GENERAL_PARTNERSHIP
  • LIMITED_LIABILITY_COMPANY
  • LIMITED_PARTNERSHIP
  • NONPROFIT_CORPORATION
  • NON_US_ENTITY
  • SMALL_BUSINESS_CORPORATION
  • SOLE_PROPRIETORSHIP
  • ECOMMERCE_AUTOMOBILES_AUTOMOBILE_PARTS_TOOLS_ACCESSORIES_AND_EQUIPMENT
  • ECOMMERCE_B2B_OTHERS_MEDICAL_DENTAL_OPHTHALMIC_AND_HOSPITAL_EQUIPMENT_AND_SUPPLIES_AND_PPE
  • ECOMMERCE_BUILDING_AND_CONSTRUCTION_MATERIALS_GENERAL
  • ECOMMERCE_EQUIPMENT_TOOL_FURNITURE_AND_APPLIANCE_RENTAL_AND_LEASING
  • ECOMMERCE_FOOD_AND_NON_ALCOHOL_DRINKS_GROCERY_AND_SUPERMARKETS
  • ECOMMERCE_GENERAL_MERCHANDISE
  • ECOMMERCE_WOMEN_FASHION
  • FINANCIAL_SERVICE_FUND_WEALTH_MANAGEMENT_AND_INVESTMENT_HOLDING
  • OTHERS
  • PROFESSIONAL_SERVICES_DETECTIVE_AGENCIES_PROTECTIVE_SERVICES_AND_SECURITY_SERVICES_INCLUDING_ARMORED_CARS_AND_GUARD_DOGS
  • PROFESSIONAL_SERVICES_EMPLOYMENT_AGENCIES_AND_TEMPORARY_HELP_SERVICES
  • PROFESSIONAL_SERVICE_CONSULTING_AND_COACHING
  • PROFESSIONAL_SERVICE_DESIGN_AND_ARCHITECTURE
  • PROFESSIONAL_SERVICE_REAL_ESTATE_SALES_AND_BROKERAGE

Business address

This structure applies to two separate requirement areas: registered_address (the entity’s legal/formation address) and operating_address (where the business actually operates).
FieldField NameTypeRequiredNotes
Address line 1addressLine1String(150)Yes
Address line 2addressLine2String(150)No
CitycityString(50)Yes
State / provincestateProvinceString(50)Yes
Postal codepostalCodeString(10)Yes
Country codecountryCodeString(2)YesISO 3166 country code (e.g. US)

Ownership

Ownership and control are captured through two separate requirement areas: associated_persons covers everyone connected to the business (control persons, directors, signers, admins, shareholders, and beneficial owners), while beneficial_owners is a separate, more detailed collection specifically for owners meeting the 25% ownership threshold.

Associated persons

Every individual connected to the business is submitted as one entry in this collection, tagged with one or more roles — see Associated person roles below.
FieldField NameTypeRequiredNotes
RolesrolesArray (enum)YesSee Associated person roles below
TitletitleString(150)Noe.g. “CEO”
Ownership percentageownershipPercentageIntegerYes
First nameperson.firstNameString(150)Yes
Last nameperson.lastNameString(150)Yes
Date of birthperson.dateOfBirthDateYes
Citizenshipperson.citizenshipString(2)Yes
Emailperson.emailStringYes
Phone numberperson.phoneNumberString(50)Yes
Tax numberperson.taxNumberString(50)Yes
Address line 1person.physicalAddress.addressLine1String(150)Yes
Address line 2person.physicalAddress.addressLine2String(150)No
Cityperson.physicalAddress.cityString(50)Yes
State / provinceperson.physicalAddress.stateProvinceString(50)Yes
Postal codeperson.physicalAddress.postalCodeString(10)Yes
Country codeperson.physicalAddress.countryCodeString(2)YesISO 3166 country code (e.g. US)
PassportpassportDocumentNoEither this or both driver’s license images below
Driver’s license (front)drivers_license_frontDocumentNo
Driver’s license (back)drivers_license_backDocumentNo
Proof of addressaddress_proofDocument (PDF)Yes
  • ADMIN
  • BENEFICIAL_OWNER
  • BUSINESS_ADMIN
  • BUSINESS_CONTROLLER
  • CONTROL_PERSON
  • DIRECTOR
  • REPRESENTATIVE
  • SHAREHOLDER
  • SIGNER
At least one associated person must include the SIGNER role. This is enforced as a collection-level rule, not on any individual field.

Beneficial owners

A separate collection specifically for owners meeting the 25% or more ownership threshold.
FieldField NameTypeRequiredNotes
Full namefullNameString(250)Yes
Ownership percentageownershipPercentageNumberYes25–100
NationalitynationalityString(150)Yes
Date of birthdateOfBirthDateYes
RolesrolesArray (enum)YesSee Beneficial owner roles below
Address line 1address.addressLine1String(150)Yes
Address line 2address.addressLine2String(150)No
Cityaddress.cityString(50)Yes
State / provinceaddress.stateProvinceString(50)Yes
Postal codeaddress.postalCodeString(10)Yes
Country codeaddress.countryCodeString(2)YesISO 3166 country code (e.g. US)
Government IDgovernment_idDocumentYes
Proof of business identitybusiness_identity_proofDocument (PDF)Yes
Proof of business addressbusiness_address_proofDocument (PDF)Yes
  • AUTHORISED_REPRESENTATIVE
  • DIRECTOR
  • OTHER
  • SHAREHOLDER
PEP disclosure. Whether any Politically Exposed Persons (PEPs) are among the entity’s shareholders, owners, directors, or principal officers. If yes, the name, title, and nature of the public position held are collected.

PHP bank account

For businesses settling in Philippine pesos, provide these bank account details via the php_bank_account requirement.
FieldField NameTypeRequiredNotes
Account holder nameaccountHolderNameString(150)Yes
Account numberaccountNumberString(250)Yes
Bank codebankCodeString(50)YesProvider-recognized PH bank/clearing code
Bank namebankNameString(150)Yes

Declaration

The application is completed with a declaration and signature from an authorized signatory, certifying the accuracy of the information and agreeing to Meridian’s terms — including disclosure of business activities, permitted use of the account, regulatory standing, ongoing disclosure of material changes (within 30 days), and consent to verification and screening.