Businesses
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      1. Modulr User Guides
      2. Getting Started
      3. Businesses

      Information we ask for at signup

      In order to sign up for an eMoney account provided by Modulr, we require the following information.

      What you need

      The application requires you to enter some details about your business and the individuals involved in the ownership, depending on your business type, so it's good to have the following information to hand completing your application.

      Partner users – you'll be asked to enter some of this information to add a new customer.

      Company types we support

      Jump to:
      Limited Companies
      Sole Traders
      Ordinary Partnerships
      Limited Partnerships and Limited Liability Partnerships

      🚧 Important – Charities

      Currently we can ONLY accept applications from charities of the following types:

      • Private Company – Limited by Guarantee
      • Community Interest Company (CIC)

      Also, the entity MUST be registered with the appropriate charity commission in England, Wales, Scotland or Northern Ireland.

       

      📘 Important – what to include in the application

      Company Type

      •  Ensure that you select the right company type.

      Admin User

      • Where applicable, nominate an Admin User – the person that will administer Modulr accounts, managing and approving payments.

      The Applicant

      • Include full details (full name (including middle name), DOB, home address) of the Applicant (where requested) – the person responsible for the application and will be the contact if further details are required
      • Include full name and date of birth of all Directors/Partners/Trustees where requested

       Depending on the type of business, the Applicant should be:

      • Limited Companies – One of the Directors
      • Sole Traders – The Owner
      • Ordinary Partnerships – One of the Partners
      • Limited Liability Partnerships and LLPs – One of the Partners.

      Beneficial Owners (Shareholders)

      • Please provide details of ALL the Beneficial Owners of the business. Beneficial Owners are individuals who own 25% or more of the business.
      • Note: Where the business is owned by another business (a parent company), the Beneficial Owner may be a shareholder of that parent company. Please include these individuals if, as a result of the ownership, they would own 25% or more of the applying business.
      • If nobody owns at least 25% of the business, please add the majority owner(s) of the business as the Beneficial Owners.
      • Exact percentage of shareholding or of partnership split between Partners is required for all UBOs/Partners with ownership of 25% or more where requested.

      ID and Proof of Address Documents

      • Ensure that you attach a colour scanned copy of the original identification document for all UBOs/Partners where requested.
      • Attach a copy of a proof of address document dated within the last 3 months for all UBOs/Partners where requested.

      Limited Companies 

      Note: Some information may be pre-filled from public data sources 

      📘 Complex / Multi-Company ownership
       If another company or companies are involved in the ownership of the business, please upload an Ownership Structure Chart / Certified Structure Chart in the ‘Business Information’ section of the application. This will enable us to process your application more quickly.

      This should be dated and certified as a true and accurate reflection of the current corporate structure by a solicitor or a chartered accountant.

      Information required
      Business information
      • Business name
      • Company Registration Number
      • Registered address
      • Trading address
      • Industry type
      • Expected monthly payments value (where requested)
      Directors
      • First name, Last name
      • Date of birth
      • Home address
      One Director must be selected as the ‘applicant’ and will additionally require the following:
      • Email address
      • Phone number
      Beneficial Owners (UBOs)
      • % ownership of the company
      • First name, Last name
      • Date of birth
      • Home address
      Controlling interests
      Needed if anyone else (other than any of the other individuals entered) has a controlling interest in the company (where requested)
      • First name, last name
      • Date of birth
      • Home address

       

      Sole Traders

      Information required
      Business information
      • Business name
      • Trading address
      • Industry type
      In some cases we need the Unique Taxpayer Reference number.
      Owner information
      The Owner will be the 'Applicant'
      • First name, last name
      • Date of birth
      • Home address
      • Email address
      • Phone number
      Controlling interests
      Needed if anyone else (other than the owner) has a controlling interest in the company (where requested)
      • First name, last name
      • Date of birth
      • Home address
      Additional info
      Note: In some cases, we require a copy of the Trading Certificate or a recent bill/statement within the last 3 months which clearly displays the Company name and the Trading address.

       

      Ordinary Partnerships

      Information required
      Business information
      • Business name
      • Trading address
      • Industry type
      • You may be asked to upload a proof of address document
      Information for each Partner
      • First name, Last name
      • Date of birth
      • Home address
      One Partner must be selected as the ‘Applicant’ and will additionally require the following:
      • Email address
      • Phone number
      Documentation
      • Partnership Agreement Document (to upload)
      Note: We require a copy of the Partnership Agreement showing the shareholding/partnership split between the partners or in the absence of that, we can accept one of the following documents:
      1. A recent tax return that has the VAT number and clearly showing the partnership split.
      2. Certified declaration by an Accountant/Solicitor indicating how profits are distributed (or a clear split of shareholding).
      Controlling interests
      Needed if anyone else (other than the Partners) has a controlling interest in the company (where requested)
      • First name, last name
      • Date of birth
      • Home address

       

      Limited Partnerships and Limited Liability Partnerships

      Note: Some information may be pre-filled from public data sources 

      📘 Complex / Multi-Company ownership

      If another company or companies are involved in the ownership of the business, please upload an Ownership Structure Chart / Certified Structure Chart in the ‘Business Information’ section of the application. This will enable us to process your application more quickly.

      This should be dated and certified as a true and accurate reflection of the current corporate structure by a solicitor or a chartered accountant.

      Information required:
      Business information
      • Business name
      • Company Registration Number
      • Registered address
      • Trading address
      • Industry type
      Information for each Partner
      • First name, Last name
      • Date of birth
      • Home address
      One Partner must be selected as the ‘Applicant’ and will additionally require the following:
      • Email address
      • Phone number
      Documentation
      • Partnership Agreement Document (to upload)
      Beneficial Owners (UBOs)
      • % ownership of the company
      • First name, Last name
      • Date of birth
      • Home address
      Controlling interests
      Needed if anyone else (other than the Partners) has a controlling interest in the company (where requested)
      • First name, last name
      • Date of birth
      • Home address

      Admin User

      Note that we also need the details of the first Admin User. The Admin User is the person who'll be the main administrator of the accounts. This person will have full admin-level access and user permissions, and be able to create additional users.

      Not required for Partners creating customers

      Admin User details
      • First name, Last name
      • Email address