FAQ: What is a controlling officer? What is a beneficial owner?
Christina Dobryzynski
Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 268 Expensify Team
What is a controlling officer?
A controlling officer is simply someone in a position of responsibility that can make a decision such as signing up for a new corporate card program on behalf of the company.
What is a beneficial owner?
A beneficial owner is a person who own more than 25% of a business seeking to establish a new financial product account, such as a card program.
Tagged:
Comments
-
Can we list officers instead of beneficial owners? We don't have beneficial owners that own more than 25% of the company.
-
Hi @MParlikar - If no one owns more than 25% of the company, you can simply leave both of those options blank (under additional information) when verifying your business bank account.
