What does "Verified" mean? (Receiving funds to a US bank account)

What does it mean to be "Verified?"

Once you've completed your bank form, Stripe (our payments processor) will use the information you've provided to verify the funds recipient's identity. If Stripe is able to verify your identity, you will see an "Identity Verified" button.

Please note this is not verifying the accuracy of the bank information provided.

Once you identity has been verified by Stripe, none of the bank form fields can be edited, except for the account and routing number fields.

For questions about adding your Social Security Number, please see our separate article.

What if Stripe can't verify my identity?

Sometimes Stripe may require some additional information from you in order to verify your identity. In the event this happens, you will receive an email from Generosity notifying you that Stripe needs more information. Follow the instructions in the email you received so that Stripe can verify you and you can receive funds.

What does Stripe ask for in that situation?

If Stripe can't verify you off of the minimum information requested, they will ask for your full Social Security Number and/or a government issued ID. They will typically ask for the full SSN first, and on some occasions, will request a government issued ID.

If asked to provide a government issued ID, such as a driver's license or passport, please note the following:

  • ID should show your full name and DOB
  • Upload a color photo
  • Make sure the photo is well lit and readable
  • PNG or JPG format
  • Once uploaded, the government ID can't be viewed (to protect your information)

If you have questions about why this information has been requested, please see here.

Important note: Stripe must verify the funds recipient before you can receive your funds. 

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