Business accounts FAQ

Due to current volumes, your application may take two weeks or more to process.

To speed up processing, please provide all documents that are requested in the application form. Verification times can increase pending any additional information or documentation that may be requested by our team.

We can only begin processing your application when all of the required documents have been received. To expedite the process, please be sure to download the Business Account Document Checklist to make sure you include all relevant documents in your initial application.

Yes, you can use your company credit or debit card to fund your Business account. Please note that standard credit and debit card transaction limits apply. Please checkout our Credit & Debit Card FAQ to learn more.

No, you cannot transfer funds between your Kraken business and personal accounts.

No, verified personal accounts cannot be converted into business accounts. To set up a business account, you’ll need to create a new and separate account specifically for business use.

If you mistakenly applied for the wrong account type (i.e. you applied for a personal account but would like to apply for a business account instead, or vice-versa) you cannot convert your personal account into a business account. To set up a business account, you’ll need to create a new and separate account specifically for business use.

Various corporate entity types and retirement plans can open a business account. Some of those types include:

This list provides an overview of various industries and business types. If you're unsure how to classify your business, refer to the sections below for definitions and examples.

A LEI is a Legal Entity Identifier (LEI) number is a unique, 20-character alpha-numeric code that serves as a global business identification number for legal entities participating in financial transactions.

A LEI number is required for all clients, based in the EEA, wishing to create a corporate Kraken account.