What information is required to open your Wealth account?
To open your Wealth account, you’ll need to complete a few steps so that we comply with international financial regulations. Here’s what’s required:
1. Verify your identity
You’ll take a selfie and upload a photo of your ID document. This helps us confirm your identity and keep your account secure. If you’ve already submitted this information, you won’t need to do it again.
2. Verify your residence address
Upload a document that shows your current residential address. See below for accepted documents.
3. Answer the suitability questionnaire
You’ll answer questions about your financial situation and investment goals. Based on your answers, we’ll assess your risk profile as conservative, moderate, or aggressive.
As part of this step, you’ll also declare whether you are a U.S. taxpayer.
If you are not a U.S. tax resident, you’ll sign the W-8BEN form to certify your foreign status and, if applicable, claim treaty benefits.
If you are a U.S. taxpayer, you'll need to provide details of your visa or similar.
4. Sign account agreements
Finally, you’ll review and sign the account agreements and disclosures before your account can be opened.
What documents are accepted as proof of address?
You can provide one of the following documents, as long as it’s clear, readable, and shows the same address you declared in your application:
Utility bills (electricity, telephone, natural gas, property tax, or water supply)
Bank or credit card statements
Lease agreements
Bank statements and utility bills must be no older than 3 months from the issue date. Lease agreements are valid as long as they are current.
What happens if you are affiliated with a U.S. Public Company or Broker Dealer?
As part of onboarding, we need to know if you or someone close to you has affiliations that could affect your eligibility to invest. This is a regulatory requirement. You’ll be asked if any of the following apply to you or your family members:
You are a 10% shareholder or senior executive at a publicly traded company
You are a politically exposed person (PEP) or public official
You are affiliated with or work for a US-registered broker-dealer or FINRA member
If none apply, you can simply confirm and continue. If any do apply, you may need to provide a letter of consent from the company granting permission to open your account. The letter must:
Be written on your employer’s official letterhead
Be signed by their compliance officer
Clearly state they approve the creation of your investment account
If you declare affiliations by mistake, just reach out to our team via the in-app chat or email us at help@dolarapp.com. We’ll help you correct it so you can complete your onboarding.