XTRM Identity Levels (IDL) and Limits Overview for Companies


XTRM accounts have 4 distinct account identity levels:


IMPORTANT FOR COMPANIES - ONLY the master admin can get the organization profile to 100% (Green). When completing their company profile, managers and standard admins are doing it for their regional office or regional legal entity (subsidiary), which does not contribute towards global compliance. The master admin should complete the company profile (Basic) using their organization HQ information (versus a regional office/entity info), increasing their identity level and increasing the fund, send, and transfer limits for all regions and admins. They should also complete the advanced services profile if they need access to advanced services. 



Identity Level
Description
Company Profile Completeness (Master Admin Login)

# Identity Documents Uploaded
  1. Pending

Account creation initiated
Red
AND
0/1/2/3 of 3
  1. Basic

Basic payment and FX
Blue
AND
0/1/2/3 of 3
  1. Standard

Increased payments and FX
Orange
AND
1/2/3 of 3
  1. Advanced

High volume payments and FX
Green
AND

2 of 3


These identity levels are displayed to company admins and personal account owners in their profiles and settings. In addition, every profile field with a cross or tick icon, depending on whether completed or not, contributes to the profile completeness. 

Icons look like this:

Increased Identity Level (IDL) will increase your Fund, Send and Transfer limits. However, it does not affect your ability to receive payments into your wallets.


How to increase your account identity level. (IDL) - Company Accounts


The Identity level is set by completing the master admin profile only since they are considered the authorized account signatory for compliance purposes. Other regional admins can complete their profile, but it will not be applied to the compliance  Identity Level (IDL). 


1) Goto the 'Profile' section of your account and complete every field until you see no cross icons.


There are 2 sections of the profile to be completed for companies - 'You' and 'Company (Basic).' 


AND


2) Complete 2 out of 3 of the following in the settings section Company (Basic):


1) Upload identity documents photo (company tax document, drivers licence or passport) 

2) Link a bank 

3) Link a payment card (credit or debit card)


Company Screenshots:




How to increase limits even further than the default for Advanced Identity Level


Once your profile is 100% complete and on identity level 'Advanced,' you can request even higher than the default limits by emailing support@xtrm.com.


Note: These are global banking requirements that all financial institutions have to adhere to. We are required to collect an individual's information for anti-fraud purposes and companies, both an authorized person and company information. We fully understand, respect and adhere to all global privacy regulations, and we do not share information as per our strict privacy policy