Who can join Monflo?

To ensure controlled growth, we currently onboard individual users residing in the Netherlands who hold a Dutch IBAN and support iDIN verification. With our MiCA license now in place, we are going in time expand our services to corporate clients in the Netherlands as well as individual users across the EU.

We accept most passport holders living in the Netherlands. However, because our Smart IBAN is issued by Monerium, a third‑party EU‑licensed provider, a small number of nationalities cannot be onboarded. Monerium determines eligibility based on regulatory requirements and risk frameworks.  

Some nationalities are excluded due to factors such as international sanctions, high‑risk AML classifications, or complex extra‑territorial obligations (for example, the extensive regulatory and tax‑reporting exposure associated with U.S. and U.K. citizenship).

For businesses, registration details from the Dutch Chamber of Commerce are required, along with a clear overview of the organizational structure and Ultimate Beneficial Owner (UBO) information.