There’s KYC and then there’s go to bed with your customer. If you thought that Barclays was over-the-top for its business application (see Barclays AA Business Aviator App: History Repeats Itself), what do you make of these requirements?
- Proof of business ownership or authorization to borrow on behalf of the business (e.g. corporate resolution, organization’s meeting minutes, articles of incorporation, articles of organization or certificate of incorporation).
- Verification of the legal structure of the business. Verification may include Articles of Inc/Articles of Org/Cert of Trade Name/Partnership agreement. For Non-Profit, provide primary mission (U.S or International) & legal classification (e.g. 501(c)(3)).
- Your two most recent years of federal personal tax returns with all schedules. If you filed a tax extension, please provide a copy of your most recent W2 forms or, for sole proprietorships, an internally prepared year-end profit and loss statement.
Would Donald send all this in just to get 70k points?
