Originally Posted by RuthB

Each EUR IBAN account is a VIRTUAL SUB ACCOUNT of Paxum. No bank account has been opened in your name.



I'm sorry but you are incorrect. Paxum asks for Shareholder documents from client companies for full KYC purposes. We follow strong KYC guidelines and that is to the BENEFIT of every single Paxum client.



As mentioned above, it is a virtual bank account as a sub account to Paxum, so please don't worry that we're opening bank accounts in your name.