Beneficial Ownership Requirements

Overview

This guide provides detailed information about the fields required for beneficial owner data in the Issuing BIN Sponsorship program. Each field is described with its requirements, character length, and examples to ensure accurate and compliant data entry.

Beneficial Owner Fields

Field	Required	Description	Character Length	Example
BENEFICIAL OWNER ID	Yes	Unique identifier for the beneficial owner.	35	BENEOWN234
CUSTOMER ID	No	Unique identifier for the customer.	10	CUST123456
BUSINESS ID	Yes	Unique identifier for the business associated with the customer.	35	BUS789012
ACCOUNT NO	Yes	Account number tied to the business.	35	1234567890123450
THRESHOLD FLAG	Yes	Indicates if the beneficial owner has 25% or more ownership.	5
FIRST NAME	Yes	The first name of the beneficial owner.	50	John
MIDDLE INITIAL NAME	No	The middle name of the beneficial owner.	50
LAST NAME	Yes	Last name of the beneficial owner.	50	Doe
RESIDENCY STATUS	Yes	Residency status of the beneficial owner (US, RA, NA).	4	US
TAX ID	Yes	Valid SSN for US beneficial owners.	9	123456789
GOVT ID TYPE	Yes	Type of government-issued identification.	3	2
GOVT ID NUMBER	Yes	Government-issued identification value.	20	123-45-6789
IDENTIFICATION ISSUE DATE	No	Date when the identification was issued (required for non-SSN IDs).	Date (YYYYMMDD)	20200101
IDENTIFICATION EXPIRATION DATE	No	Date when the identification expires (required for non-SSN IDs).	Date (YYYYMMDD)	20200101
DATE OF BIRTH	Yes	Date of birth of the beneficial owner.	Date (YYYYMMDD)	20200101
TITLE	Yes	Position at the business (e.g., CEO, CFO, President). Required for control persons.	50	CEO
ROLES	Yes	Roles of the beneficial owner (e.g., BO = Beneficial Owner, CP = Control Person). Separate multiple roles with a semi-colon.	100	BO; CP
OCCUPATION	Yes	Occupation of the beneficial owner.	100	Senior VP, Director of Business Development
OWNERSHIP PERCENTAGE	Yes	Percentage of ownership at the business. It must be a whole number between 0-100.	3	25
FOREIGN SENIOR POLITICAL FIGURE	Yes	Indicates if the person is a foreign senior political figure (True or False).	5	False
FOREIGN POLITICALLY EXPOSED PERSON	Yes	Indicates if the person is a foreign politically exposed person (True or False).	5	False
ADDRESS LINE 1	Yes	Valid address line 1 of the beneficial owner (no PO Box or special characters).	100	123 Main St
ADDRESS LINE 2	No	Additional address information for the beneficial owner.	100	Apt 4B
CITY	Yes	City of the beneficial owner (no numeric values or special characters).	50	New York
STATE	No	State of the beneficial owner (required for US addresses). No numeric values or special characters.	2	NY
ZIP CODE	No	Postal code of the beneficial owner (required for US addresses, numeric only).	10	10001
COUNTRY CODE	Yes	The beneficial owner's country code uses ISO 3166-1 Alpha-2 standard.	2	US