Verifying your DEGIRO account is a straightforward but essential process that ensures account security, regulatory compliance, and access to all trading features. This verification helps DEGIRO meet global financial regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, which are critical to maintaining a secure and transparent trading environment.
The process to verify your DEGIRO account involves three key steps. First, link your bank account by making a minimum deposit of €0.01 from an account registered in your name. This serves as a dual verification measure for identity and secure transactions. Second, upload a valid proof of identity, such as a passport, driver’s license, or national ID card. A passport is highly recommended for its compliance with international standards, ensuring faster approval. Lastly, complete a short investor questionnaire, designed to evaluate your financial knowledge and suitability for trading.
Providing accurate and high-quality documents to DEGIRO is crucial for a smooth verification process. Ensure all submissions are clear, uncropped, and meet DEGIRO’s guidelines. For proof of address, upload an official document—such as a bank statement or utility bill—dated within the last three months.
Verification unlocks key features of your DEGIRO account, including the ability to deposit funds, withdraw earnings, and execute trades without restrictions.
How to verify the DEGIRO Account?
There are three steps to verify the DEGIRO account. The steps to verify your DEGIRO account are listed below.
- Confirm Your Bank Account: DEGIRO requires you to link a bank account to your trading account. The linked bank account will serve as your primary funding and withdrawal method. To verify it you have to meet the DEGIRO minimum deposit of €0.01 from your personal bank account. Ensure that the name on the bank account matches the name registered on your DEGIRO account. This step helps to verify your identity and ensures secure transactions.
- Upload Proof of Identity: DEGIRO requires a valid ID document to confirm your identity. Depending on your location, you may upload a passport, driver’s license, or national ID card. Ensure the document is clear, in color, and displays all necessary information, including your full name, date of birth, expiration date, and document number. Blurred or incomplete uploads may lead to delays. Using a passport is typically the fastest method, as it meets international verification standards.
- Complete the Questionnaire: As part of regulatory compliance, DEGIRO will ask you to complete a brief investor questionnaire. This is designed to assess your financial knowledge and experience with investing. It ensures you understand the risks associated with trading and helps DEGIRO tailor its services to your needs.
Why Do You Need to Verify Your DEGIRO Account?
Verifying your DEGIRO account is a crucial step to ensure account security, comply with international financial regulations, and enable full access to DEGIRO’s trading services.
This verification process is essential to safeguard the integrity of the platform, ensuring that DEGIRO adheres to legal requirements like Anti-Money Laundering (AML) laws. It reflects DEGIRO’s commitment to providing a secure environment for investors, emphasizing the importance of regulatory compliance and user safety.
Account verification plays a key role in establishing a trustworthy trading ecosystem. By verifying your DEGIRO account, you help uphold a safe and consistent trading environment for all users. DEGIRO follows strict Know Your Customer (KYC) procedures, designed to prevent illicit activities and protect the integrity of financial transactions.
Completing the verification process unlocks vital features on DEGIRO, including the ability to deposit funds, withdraw earnings, and conduct trades without limitations.
What Documents Do You Need for DEGIRO Account Verification?
The documents you need for DEGIRO account verification are listed below.
- Proof of Identity: You must provide a valid form of identification. A passport is the preferred option, but a national ID card (within Europe) or driver’s license may be accepted. Ensure the document is clear, with all information and photos visible. If using a double-sided ID, make sure to upload both sides.
- Proof of Address: To verify your residence, upload a recent document, such as a bank statement, utility bill, or an official government-issued document. The document must be issued within the last six months and must clearly show your full name, current address, and the date of issue.
How to Know if Your DEGIRO Account is Verified?
To know if your DEGIRO account is verified, you can start by logging in to your account using your credentials. Once logged in, check for any notifications or messages within your account dashboard. DEGIRO often provides updates or confirmations about the verification process in this section, which can clarify whether your account is fully verified or if further steps are required.
Another way to confirm your verification status is by navigating to the “Account Settings” or “Profile” section of your account. This area usually displays important account details, including the verification status. If your account is verified, you will typically see a confirmation indicating that your account is active and ready for use. If it is not verified, there may be a prompt to complete the process, such as submitting additional documents.
Verification with DEGIRO involves a small bank transfer during the registration process. If you have successfully completed this step and the transfer is reflected in your account, it is a good indicator that your account verification is complete. This step serves as both an identity verification measure and a way to link your bank account to DEGIRO.
If you are still unsure or cannot find clear information in your account, contacting DEGIRO’s customer service is the best option. Their support team can confirm your account’s status and guide you through any remaining steps, if necessary.
How Long Does the DEGIRO Account Verification Take?
The DEGIRO account verification takes about a 1 business day. Verifying the account with DEGIRO is free, and the only cost you have to think about is the deposit of €0.01 to activate the account. There are no other costs or minimum deposit amounts beyond this and you will be free to deposit as much or little as you like.
What Are the Causes and Solutions for DEGIRO Pending Verification?
Pending account verification is a frequent issue that arises from submitting incomplete or incorrect documents to DEGIRO.
If your DEGIRO account verification is listed as pending, it means your submitted documents are being assessed as part of the verification procedure. This review process usually takes around one business day but may take longer during busy periods.
How to Speed Up DEGIRO Account Verification
To speed up the DEGIRO verification process, it’s essential to provide documents that fully comply with their guidelines. Make sure your proof of identity and address documents are clear, uncropped, and high-resolution. A passport is often the preferred option for identification since it’s widely accepted and facilitates international verification. For proof of address, opt for official and reliable documents like recent utility bills or bank statements that clearly show your full name, address, and an issue date within the last three months.
Submitting high-quality and complete documentation is critical to avoiding delays. Blurred, cropped, or incomplete images can result in rejections or additional requests for clarification. Providing accurate and legible documents from the start minimizes the risk of errors and helps accelerate the review process.
Selecting appropriate documentation is vital. Passports are generally more reliable than other forms of identification, such as driver’s licenses, as they meet international standards and reduce the chances of mismatches. Likewise, using current and formal documents for proof of address ensures compliance with DEGIRO’s requirements, preventing unnecessary hold-ups in completing your account verification.