What is a Moov account? | Moov Support
What is a Moov account?
Last updated 1 year ago
An individual or business account represents a legal entity and describes the account holder. A Moov account will be connected to an integrating platform partner.
Accounts can accept, store, send, and spend money through the following account capabilities:
- Wallet: store funds with Moov
- Transfer: authorize debit transfers
- Send funds: send funds to another account
- Collect funds (business accounts only): collect funds from another account
- Card issuing (beta, business accounts only): provide a virtual card to a merchant
Accounts must go through a verification process to use any capability. Depending on account type and desired capabilities, verification ranges from basic identification to submitting financial ownership and going through underwriting. An account's platform partner will request information for verification purposes.
Read more about verification in the following article: