No, you do not need to provide proof of income when opening a Suits Me account.
However, we may ask you to provide proof of income at a later date.
As a regulated financial services provider, Suits Me has a responsibility to help protect the banking system against financial crime, including money laundering, fraud, identity theft and terrorist financing.
In line with requirements set by our regulators, the Gibraltar Financial Services Commission (GFSC) and UK Government guidelines, we must carry out additional customer due diligence checks when requested by our payment providers.
These checks are separate from the standard Know Your Customer (KYC) checks that are automatically completed when you sign up. Depending on your circumstances, we may therefore ask you for additional information or documents, including proof of income.
We understand that providing these documents may be inconvenient, but these checks are a legal requirement and help us meet our regulatory obligations.
Is this covered in the Terms & Conditions?
Yes. Our right to request additional information and carry out these checks is covered under Section 5 of the Suits Me Terms & Conditions, which you agreed to when opening your account.