FAQ User Identification

Importance of Identification process

Why do I need to do the identification?


In order to comply with European banking regulations, we need proof of your identification. Banks are not allowed to process transfers of unidentified customers beyond EUR 1000 / SEK 9000 / NOK 9000 / DKK 7000

What if I don’t do it?


If you opt not to do the identification, your transaction limit would be restricted up to EUR 1000 / SEK 9000 / NOK 9000 / DKK 7000. Once you complete the identification, you can transfer money up to EUR 10000 per day with the Insta net service and up to EUR 10000 / SEK 50000 / NOK 50000 / DKK 50000 per day with Net Express Service.

What is the identification procedure for users of Money2India Europe?


Money2India Europe facilitates both online and offline modes of identification depending on your country of residence:

 

RegionOnline modeOffline mode

Germany

Video Identification Post Ident

Other 19 countries

Attested copies of documents

How often to do the identification process?


The identification is done only once. Once you have completed the identification process, you will not have to do it again unless your personal details or address changes.

Will I be informed once the identification process is done?


Yes. You will be sent a confirmation email once your identification is completed.

What will happen if I transfer more than Eur 1000 from my account before my identification?


Please note that if you transfer more than Eur 1000 prior to undergoing identification, your money would be returned to your bank account. Please note that this money would be returned basis the exchange rate as per the current market conditions. In case of unfavourable exchange rates, this currency conversion will cause a financial loss for you.

Online Video Identification

What is Video Identification?


Video Identification is a new online mode of identification which can be completed from the comforts of your home. This identification process takes less than 10 minutes to complete. Money2India Europe uses VideoIdent service provided by its partner IDNow. This service is completely free for you and available at customer-friendly hours.

What is VideoIdent service and who is IDNow?


VideoIdent is a video identification service provided by IDNow. This mode of identification has been approved by The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) of Germany. The identification is done using an agent-assisted video chat and requires absolutely no paperwork. Provided a stable and satisfactory internet connection, you can use regular internet browsers or IDNow mobile app for encrypted video calls and don’t need to install any software on your desktop/laptop. IDNow is a leading provider of online identification services in Germany and serves various renowned Banks and financial institutions.

How to complete the video identification process?


Step 1: Please logon to Money2India Europe. Please click on the ‘Identify Me’ link on the following path:

 

Login to Money2India Europe Account → My Profile → User Identification

 

Step 2: You would be taken to our partner's site. Your unique Ident-ID will be displayed on top and bottom of the screen. You need to choose a device (Smartphone/Tablet or Computer) to initiate the identification process. For smatphones/tablets, IDNow app can be downloaded from Android and iOS stores using the links provided on the page. Else, you may request for a link to be sent to your mobile device via SMS. Users opting for Computer with webcam need not download or install anything.

 

Step 3: Verify your mobile number and provide expiry date of your identification document and click on 'Start Identification'. An automated connection speed test will run to ensure a stable internet connection.

 

Step 4: You will then enter into a video call with the partner's agent. You will be taken though Name and photo verification step followed by ID front and back side scan and security feature verification for which you need to show your identification document to the agent on video. The agent will confirm the details and will send a one-time 'Ident code' as a text message to your mobile phone. You would be required to enter the same on the screen and your details would then be verified.

 

Please ensure that you have your ID documents (passport, resident card or any address proof) handy when entering into the video call. In case your current address is not mentioned on the Resident card, please keep a copy of Utility bill to show it to the IDNow agents while conducting your online KYC.

 

Step 5: Once the details are verified, our partner will verify to us your identification status and you will be able to seamlessly transfer via Money2India Europe. You will be sent a confirmation email once your identification is completed.

 

Which are the valid documents for address proof?


List of valid documents for address proof:

  • Electricity-Bill or physical letter from electricity provider
  • Gas-Bill or physical letter from provider
  • Water-Bill or physical letter from provide
  • Registration Card
  • Residence Permit, if it's containing the address
  • A Bank letter, if the Letter is containing the customers address and the bank is not ICICI Bank
  • Bank statement / Accounts current (not ICICI Bank)
  • Confirmation or insurance policy issued by a regulated insurance company (e.g. health insurance)
  • Documents from telephone companies (landline only) which indicate a telephone number actually used by the customer (letters should pertain to an existing telephone contract, not just offer letters). Cellphones not accepted.
  • Rental agreement for the current place of residence (landlord only, hotels not accepted)
  • Documentation that a lease agreement has been executed through a Real Estate agent for the current place of residence
  • Confirmation letter from the current employer in Europe

 

 

Documents must not be older than three months (except the residence permit). If letters are used, these have to be personally addressed. A document must not be accepted if it does not contain the full and correct address.

I could not complete all the steps in the video identification process. How can I complete the process?


You can reenter the process anytime by clicking on ‘Identify Me’ link on Money2India Europe.

 

You can also reenter the process by entering your unique Ident-ID on IDNow mobile app

What are the various modes of entering into a video call?


Video call can be conducted via following modes:--

  • Via Web browsers – Video Call starts in the browser itself.
  • Via Smartphone/Tablet - IDNow app needs to be installed on the device.

What time is the service available?


The VideoIdent is available 7 days a week from 8 AM till midnight (CET / CEST). The video calling will not be available on Germany holidays listed here.

Will my details be stored by IDNow?


Yes, your details will be stored by IDNow as a part of your digital identity for upto 90 days. After completion of the video identification you may request termination of storage and relationship with IDNow at any time.

Is the service safe?


The VideoIdent service has been approved by The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) of Germany. The VideoIdent service has also been successfully confirmed by Bavarian State Office for Data Protection Supervision.

What do I need to do in case I don’t want my details to be stored at IDNow?


Your details will be stored by IDNow as a part of your digital identity for upto 90 days. After this period has expired the data is completely deleted. Please contact the customer Helpdesk at IDNow.io in case you do not want your digital identity to be stored at IDnow. Please note that this is completely independent of your relation with Money2India Europe.

I have successfully completed my video identification but I am still not able to transact via Money2India Europe?


Please note that Money2India Europe will follow additional due diligence in case there is a mismatch between the data verified by IDnow and the data registered on Money2India Europe. In order to seamlessly start using Money2India Europe after completion of your identification by VideoIdent solution, we recommend that the details that you submit at IDnow exactly match the details registered on Money2India Europe.

PostIdent and Attested copy of documents

What is PostIdent process?


PostIdent process is an offline identification process offered by Deutsche Post AG. Please note that this process is present for registered resident of Germany only.

How to complete the PostIdent process?


Step 1: Please download the PostIdent coupon from the following path :

Login to Money2India Europe Account → Identification → Post Office Identification Process.

Step 2: Please visit the nearby Deutsche Post office with your passport (Reisepass) or ID card (Personalausweiss) and PostIdent coupon.

Step 3: Please present these to the clerk at the Deutsche Post office. The clerk will complete a separate form with your personal details and data taken from your ID document. Please check the details on the separate form. Kindly sign on the PostIdent form given by the clerk post confirmation of details. This form will be sent to us by the post office clerk. Once we verify this form then your identification will be completed.

The identification process is completely free for you and there is no charge at the post office

What is the identification process for attested copy of documents?


Please download the identification letter from the following path :

Login to Money2India Europe Account → Identification → Documentary Identification.

To begin the identification process, you will have to send us the attested copy of the following identification documents.

  • Passport
  • VISA / Residence Permit
  • A bank statement of the account which you have registered on Money2India Europe. The bank statement shall be less than 3 months old and it should display your current address.

(Please note that all the documents should be attested either by your bank, a notary or a consulate. It should include the certification statement, stating that the copy matches the original (in English, German or local language),original stamp of the certifying body, original signature & name of the person certifying the copy along with date.)

Please send us these documents to the following address:
Service Center
ICICI Bank UK PLC
Postbox 21 75
26414 Schortens
Germany

Your identification will be completed once the documents are successfully verified. If the documents are incomplete or invalid, you would be asked to send it again.

If you have any more questions, please do not hesitate to contact us on our toll free number or you can also write us at europe@icicibank.com.