How to open a business bank account with Payoneer - Globalfy's banking partner?

To ensure a smooth application process, please prepare the following documents and information:

• EIN Confirmation Letter (Employer Identification Number).
• Valid Passport from an approved country.
• Proof of Residence (utility bill, local bank statement, or tax document).
• Articles of Incorporation/Organization (state registration document).
  
  

Starting the Application

Access the Platform

• Go to the Globalfy's Platform.
• Select “Bank Accounts” and choose Payoneer.
• Review the information carefully, then click “Continue to Payoneer”.

Create your account

• Enter your business email address.
  
  
  
  
• Business Information: Confirm your company is registered with a government or tax authority and provide the business name.
  
  
  
  
• Country/Region: Select United States and the state where your company is registered.
  
  
  
  
• Mobile Phone Number: Provide a number where the bank can reach you (U.S. or your country of residence). 
  
  
  
  
  • You will receive a 6-digit code via WhatsApp or SMS. Enter it to proceed.
• Create a strong password: Must include at least one number, one English letter, and be at least 7 characters long.
  
  
  
  

Add your company's information

• Business Industry: Select the industry or trade that best describes your business.
  
  
  
  
• Payment Sources: Indicate whether payments will come from marketplaces, business clients/employers, or direct customers. Select all that apply.
  
  
  
  
• Provide estimates for: Monthly number of payments and approximate amounts.
  
   
  
  
• Business Type: Select your company’s legal structure and enter the name. Add the trading name only if applicable.
  
  
  
  
• Website: Optional. If you don’t have one, select “My business is offline” – Payoneer will request additional documentation to verify your information.
  
  
  
  
• Countries of Operation: Choose where your company conducts most of its activity.
  
  
  
  
• Registered Business Address: Enter the Virtual Address.
  
  
  
  
  • Click “My business’s main office is located at a different address” and provide the physical address (this may be in your country of residence).
    
    
    
    
• Company Details: Enter the EIN and date of incorporation.
  
  
  
  

Personal Details:

• Full Name: Enter your first and last name exactly as shown on your ID, along with date of birth and nationality.
  
  
  
  
• Residential Address: Provide your complete home address.
  
  
  
  
• ID Details: Select the issuing country, ID type, and ID number.
  
  
  
  

Banking Details:

• Bank Country and Name: Choose from the listed countries and enter the bank’s name.
  
  
  
  
• Specify the account type and currency.
  
  
  
  

• Terms and Conditions: Read carefully and click “Confirm to continue” if you agree.
  
  
  
  

Account Setup

• Click each section and complete the pending actions.
  
  
  
  

Bank Account Verification

• Submit an official document (issued within the last 90 days) that includes your name, account number, bank name, and logo.
  
  
  
  

Verify your business's industry

• Provide one of the following: Work contract, Payment history page, or Invoice.
  
  
  

Visual Identity Verification

• Review the terms and conditions, check the box, and continue if you agree.
  
  
  
  
• ID Verification: Prepare your document and follow the steps provided.
  
  
  
  

Business owner information

• Provide details of all directors and shareholders owning more than 25% of the company.
  
  
  
  

Employee Identification Number (EIN)

• Upload the EIN confirmation letter.
  
  
  
  

Business Identity

• Upload the original Certificate of Formation: Certificate of Registration, Articles of Organization, or Business License.
  
  
  
  

Registered business address

• Submit a utility bill, bank document, or other legal document.
  
  
  
  

Verify your address

• Upload a utility bill, bank/card statement, account confirmation letter, or tax document to verify the residential address provided in the application.
  
  
  
  

Main office address

• Upload a utility bill, bank/card statement, or account confirmation letter to verify the operational address provided in the application.