What is IDV?

The identification level (IDV) refers to the extent to which the cardholder's identity has been verified. Depending on your IDV level, you may be subject to limits on account loading, ATM withdrawals and transactions.

The Money Laundering Regulations 2007 require banks and financial institutions, such as Dock Financial S.A. to ensure that they know their customers, conduct customer identification and verification, and undertake ongoing monitoring where applicable.

The purpose of identity verification and transaction limits is to protect your account and funds from fraud.

For IDV-related limits, please check this article.

Is the verification of my identity the same as a credit check?

Identity verification and credit checks are different processes with different purposes. We don’t check your creditworthiness, we only need to verify your identity and address.