Is providing my tax information a mandatory requirement for joining Xapo Bank?
Managing your account
As a regulated institution, we must ensure that you provide us with the country you report tax to and your TIN (Tax Identification Number) information as part of the account opening process and no later than 90 days after opening your Xapo Bank account. Where we do not receive this information from you, we are still required to report on your US dollars account by making our own assessment based on relevant indicators on your account such as your resident country, telephone dialling codes, mailing address, country of regular transactions etc. This may result in Xapo Bank reporting your details to the wrong tax authority.
Is providing my tax information a mandatory requirement for joining Xapo Bank?
As a regulated institution, we must ensure that you provide us with the country you report tax to and your TIN (Tax Identification Number) information as part of the account opening process and no later than 90 days after opening your Xapo Bank account. Where we do not receive this information from you, we are still required to report on your US dollars account by making our own assessment based on relevant indicators on your account such as your resident country, telephone dialling codes, mailing address, country of regular transactions etc. This may result in Xapo Bank reporting your details to the wrong tax authority.
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