For every enrollment of a bank account, we validate the account details to ensure withdrawals are made to the right account. Below are the types of bank accounts that are eligible for withdrawal:
For example, a bank account of spouse is allowed to be registered as a bank account for withdrawal for Individual business.
Merchants can always add a bank account as long as the account name is the same as the registered legal business name with Xendit, or as long as the required documents for each of the cases below are provided:
| Case | Required Documents |
|---|---|
| The bank account name is similar to your business legal name/owner name but they are not 100% match |
Local and foreign entities Please submit your business bank account book or a screenshot of your bank account detail in your mobile banking app Local individuals Please submit your bank account book or a screenshot of your bank account detail in your mobile banking app |
| The bank account name is using your old business name and does not match the business name you registered with Xendit (For Entity account only) |
Local and foreign entities Please submit the bank account book of the business entity and proof of entity’s name change |
| The bank account name is not similar at all to your current or old business name/owner name |
Local entities For compliance reasons, we won’t be allowing enrollment of the bank account. You may only add bank accounts that bear the name of the entity. Foreign entities - Sole proprietorship You may enroll only the sole owner’s personal bank account once we have verified the your entity type is indeed sole proprietorship verified the validity of the following documents you have submitted during onboarding - Corporate Registry Documentation/Business registration certificate and Certificate of Incorporation - Non-sole proprietorship For compliance reasons, we won’t be allowing enrollment of the bank account. You may only add bank accounts that bear the name of the entity. Local individuals You may only add bank accounts that belong to your spouse. Please submit the bank account book of the account holder, KTP of the account holder, proof of relationship with the account holder (Marriage certificate, Family card), and statement of consent from the account holder (duty stamped letter) |