Frequently asked questions

iKYC was founded in 2012 as a specialist banking advisory firm. We open bank accounts for complex structures across 12 jurisdictions. Our team brings 55+ years of combined experience in offshore private banking, trust administration, and regulatory advisory.

No. iKYC is a banking advisory firm only. We do not manage, hold, or control client assets at any point.

Every institution on our panel holds a full banking licence in its jurisdiction. We do not work with e-money institutions or payment platforms unless the client specifically instructs us to do so.

The initial bankability assessment is complimentary. Our fees apply once you instruct us to proceed.

We respond to all applications within one business day with an initial bankability assessment.

We only approach banks after we have been engaged.

The standard timeline is four weeks from instruction to account opening, subject to the bank's due diligence process and the completeness of the KYC file.

Yes. Prior declines are one of our most common mandates. We specialise in repackaging declined mandates and presenting them to institutions with current appetite for the risk profile.

Yes. All accounts we open are in the name of the underlying entity. We do not use nominee or pooled account structures.

We work with discretionary trusts, purpose trusts, private trust companies, SPVs, holding companies, private equity funds, venture capital funds, hedge funds, AIFs, UCITS, family offices, private foundations, and international trading companies.

We retain client data for ten years following the end of an engagement, in line with our obligations under Jersey and Dutch law and professional liability standards.

Please direct any data rights requests to richard@ikyc.com. We will respond within the statutory timeframe.