This security measure adds an additional layer of protection to your account. In order to process reimbursements in SVB T&E, we require a business officer, representative, or owner be a U.S. citizen to complete the verification.
These roles are defined as:
-
Business Representative: is an executive officer, senior manager or otherwise has significant responsibility for the control, management or direction of your business.
-
Beneficial Owners: can include one or both of the following types of individuals:
- Individuals who own 25% or more of your company, and/or
- Individuals who exercise significant control over your company.
- Individuals considered to “exercise significant control” over your company are those responsible for managing and directing the business and may include executive officers or senior managers, such as CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer.
How does it work?
Please have your Representative e-mail cardservices@svb.com to start the verification process. A member from our team will reach out with next steps and may ask for additional documentation.