KYC Thresholds

TransFi API Requests for KYC Based on the transaction risk identification, geography and transaction amount. Based on these mentioned parameters, you can be asked to submit either Standard KYC and later on Enhanced KYC.

On a very high level (This can vary based on geo)

• Standard KYC/ Level 1 requests for - ID doc, Selfie, Address, Phone number
• Enhanced KYC/ Level 2 requests for - Proof of source of funds (PSoF), Address proof

Also there are transaction limits beyond which each KYC kicks in. It can be at a per transaction amount, sum of all transactions in a day, sum of all transactions in a month.

While creating order, if the error code returned is "RESTRICTED_ACCESS", it means KYC is needed and the error message will reflect the details of what is missing.

For exact thresholds, please connect directly with the BD Manager or email us at [email protected]