FAQ: What is a controlling officer? What is a beneficial owner?
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Christina Dobryzynski
Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 267 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.
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Comments
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Can we list officers instead of beneficial owners? We don't have beneficial owners that own more than 25% of the company.
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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.
