Verification applies only where money touches a bank: adding money by bank transfer (onramp) or withdrawing to one (offramp).
If you hold, send, or receive USDC inside Mo, or use Earn, Trade, or Travel, you do not need to verify your identity.
What You Need to Supply
Mo passes your application to Dakota, its regulated banking partner, which collects:
- Full legal name
- Date of birth
- Nationality, or nationalities if you hold more than one
- Residential address. PO boxes are not accepted
- Email address
- Employment status
- Source of wealth, such as employment, savings, or investments
- Intended use of the account, such as payments, investing, trading, or storing assets
- Social Security number, for US persons only, in
XXX-XX-XXXXformat
Identity Documents
One document from this list, with its ID number and issuing country:
| Document | What to supply |
|---|---|
| Passport | Photo page |
| Driver’s license | Both sides |
| Residence permit | Both sides |
Every submission must be legible, in English, signed or certified where the document calls for it, and consistent with the details you entered on the form. A name that differs between your ID and your address document is the single most common reason an application stalls.
Proof of Address
A proof of address document dated within the last 90 days, either a bank statement or a utility bill.
Whether it is required up front depends on your situation. It is always requested when location signals conflict, for example a photo ID issued in a restricted region against an address somewhere else. It is also triggered by transaction volume.
The $3,000 Threshold
Individual customers who have not submitted a proof of address are subject to a $3,000 USD-equivalent rolling 7-day inbound transaction limit. When that limit is reached, inbound transactions pause and the account goes into compliance review until a document is submitted and approved.
Your application shows one of four states for the document:
| Status | Meaning |
|---|---|
| Not submitted | Nothing on file. The $3,000/7-day limit applies. |
| Under review | Document uploaded and awaiting compliance review. |
| Approved | Accepted. The threshold no longer applies. |
| Rejected | Not accepted. You must submit a new document. The threshold still applies. |
Verification Thresholds for US Residents
US residents verified through database checks without a photo ID can transact up to $10,000 per transaction or $100,000 lifetime. Past either threshold, photo ID verification is required to continue.
Enhanced Requirements
For high-risk populations, which includes residents of higher-risk regions and people aged 60 or over, and for high-volume transactors, additional information is collected:
- Occupation and employment status
- Source of funds
- Primary purpose of the account
- Expected monthly amounts sent or received
- Whether you are sending or receiving funds on behalf of anyone other than yourself
Agreements You Confirm
Before submitting, you confirm the accuracy of your information and agree to the Terms of Service, the Funds Transfer Agreement, the Privacy Policy, E-sign Consent, and the banking partner’s sponsor bank privacy policy.
Frequently Asked Questions
Do I need to verify my identity if I only use Mo to send and receive USDC? No. Verification is only for moving money between Mo and the banking system.
How long does it take? The form takes under five minutes. Approval is usually near instant, and stretches to one or two business days when information or documents arrive incomplete.
Is my personal information secure? Your data is encrypted, handled by the regulated partner that needs it, and never shared without consent.
Where are the country restrictions? On the compliance page, with a plain-language version in supported countries. Certain activities are also excluded regardless of country; see prohibited uses.