The verification process explained (2024)

At Wirex, we take security seriously. That's why we require all our users to verify their accounts. But what does account verification mean and why is it necessary?

What is account verification?

Account verification is a process that confirms your identity and ensures that you are who you say you are. It involves submitting your personal information and supporting documents to us, which we use to verify your identity. Our verification process includes verifying your identity, address, and source of funds. In some cases, we may request additional information over email.

Why do you need to verify your account?

There are several reasons why we require our users to verify their accounts. Here are a few:

Wirex is a regulated financial institution, and we must comply with the laws and regulations in the countries where we operate. Account verification is necessary for us to comply with these regulations, such as Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations.

  • Protecting your account:

Verifying your account helps us protect your account from unauthorised access and fraud. By confirming your identity, we can ensure that only you have access to your account and your funds.

  • Access to full features:

Wirex services are only available to verified users. By verifying your account, you can access the full range of features and benefits that we offer.

How to verify your account

Verifying your account is a straightforward process that only takes a few minutes. Here's how to do it:

Log in to your Wirex account

The verification process explained (1)

Tap on Unlock More Wirex Features to initiate the verification process

The verification process explained (2)

Follow the prompts to enter your personal information and supporting documents

The verification process explained (3)

Submit your information and wait for us to review and approve your verification

The verification process explained (4)

Please refer to our informative guides regarding the process of verifying your identity and address. These guides provide comprehensive information on the necessary documentation that you are required to submit during the verification of your Wirex account. Alternatively, you can view this guide on verifying your source of funds if we have requested this information from you.

Once your account is verified, you can enjoy the full range of benefits and features that Wirex has to offer.

Is my information safe?

Yes, we take the security of your personal information seriously. We use industry-standard security measures to protect your data and ensure that it remains confidential. We do not share your personal information with third parties without your consent.

The verification process explained (2024)

FAQs

What is the process of verification? ›

Verification is a quality control process that determines if a system meets its system-level requirements. Inspection and demonstration is the main testing method used in Verification.

Is Google Ad verification legit? ›

Google Ads verification is a process through which advertisers confirm their identity and ownership of their business or website with Google. This verification process is a fundamental step towards ensuring transparency, security, and credibility within the Google Ads ecosystem.

What is the verification requirement process? ›

Requirements verification is the process of making sure that the system requirements are complete and accurate. Validating requirements is checking to see if the documented needs match the expectations of the project's stakeholders. Validate: Confirms that a requirement meets the intent of the stakeholder.

What is the definition of verification method? ›

Verification: Verification is a formal process, using the method of test, analysis, inspection or demonstration, to confirm that a system and its associated hardware and software components satisfy all specified requirements.

What is an example of process verification? ›

Process Verification- If a CTQ can be measured, it is said that the CTQ can be verified. For example, the length of a bone screw can be verified by measuring it with calipers; the weight of an instrument can be verified by weighing it on a scale.

What is the Google verification process? ›

Sign in to your email to verify your account
  1. While you're creating your account, you'll get an email from Google. Open the email and find the verification code.
  2. To finish creating your account, enter the verification code when prompted.

How do I pass Google ad verification? ›

If you are promoting yourself as an individual
  1. You must submit documents to verify your identity. ...
  2. The name and location on the payments profile must match your name and location exactly on any documents you submit. ...
  3. You may be prompted to provide your phone number to verify your identity.

Are Google verification codes legit? ›

If you have, you may have been targeted by the Google Voice verification code scam. This is a sneaky and dangerous scam that allows fraudsters to hijack your phone number and use it to scam other people.

What are the two main types of verification? ›

There are two main methods of verification:
  • Double entry - entering the data twice and comparing the two copies. This effectively doubles the workload, and as most people are paid by the hour, it costs more too.
  • Proofreading data - this method involves someone checking the data entered against the original document.

What is the verification test process? ›

Verification in software testing is the process of checking documents, design, code and program to control whether the software has been built according to requirements. The primary role of the verification system is to guarantee the quality of the application, architecture, design, etc.

When should verification be done? ›

It is a process that is used to evaluate whether a product, service, or system complies with regulations, specifications, or conditions imposed at the start of a development phase. Verification can be in development, scale-up, or production. This is often an internal process.

How does verification process work? ›

This works by comparing the data a person sends over, whether that's a document such as a passport or biometric data such as a picture of their face and comparing that against a verified data set. This can include government records, credit references or even mobile data.

What are the 2 main verification methods? ›

Each organization should clearly define each of the four primary verification methods: Test, Demonstration, Inspection, and Analysis. (I often see sub-categories of Analysis that include “by simulation”, “by model”, by “similarity”, etc.)

What is an example of a verification procedure? ›

Verification procedures are the steps and documentation necessary to ensure the program is working correctly. Applicable programs would include employee training, sanitation program, recall program, HACCP program, pest control program, and others.

What is the process of verifying documents? ›

One of the first steps is to manually verify official documents by reviewing security features, watermarks, or even signs of tampering. An inspector can then compare the document information with other secure databases to ensure accuracy.

What is the process of identity verification? ›

Simply put, identity verification is a process that compares the identity that a person claims to have with the supporting data they possess. In other words, it analyzes ID documentation and evidence in a bid to authenticate it and prove that its purported owner is who he or she claims to be.

What are the steps to verify information? ›

The 5 pillars of verification
  1. Provenance: Are you looking at the original account, article or piece of content?
  2. Source: Who created the account or article, or captured the original piece of content?
  3. Date: When was it created?
  4. Location: Where was the account established, website created or piece of content captured?
Oct 14, 2019

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