At Swyftx, we offer trust accounts, which we also refer to as entity accounts. Entity accounts include trusts, companies, and self-managed super funds (SMSFs).
To create an entity account, you must be logged in to your personal account and have completed at least Gold level verification (KYC 1), including ID authentication.
This information is specifically for trust accounts. Find out how to set up a company account or SMSF account.
Before you begin
To create a trust entity account, you must already have a personal Swyftx account and have completed Gold level verification (KYC 1), including ID authentication.
All trustees or directors of the corporate trustee and named beneficiaries over the age of 18 must also have personal Swyftx accounts and have completed Gold level verification (KYC 1), including ID authentication.
Individuals will receive an invitation to join the entity once the application is submitted.
We will require a signed, dated, and certified Trust Deed that has been certified within the last 12 months. This can be certified by an accountant, a Justice of the Peace, a police officer, a pharmacist, or a legal practitioner.
If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Full Company ASIC extract or ASIC certificate of registration – one per company, from ASIC or NZ Register.
How to create an entity account
Web
Step 1: Begin and complete your profile
Log in to your personal Swyftx account.
Select Create entity account in the top menu bar.
Alternatively, select your circled initial in the corner of the top menu bar. Then, under Switch account in the dropdown, select Create entity/SMSF account.
Select I understand, Continue, then Continue to start your application.
Step 2: Complete the Entity application form
If you selected Through a company, trust or SMSF when creating your account, this will appear as Step 3 on your Dashboard.
Under Let’s start with the basics, select Trust, then select Next.
Select who acts as the trustee of your trust: A company (Pty Ltd) or An individual or multiple individuals.
If a company (Pty Ltd) acts as the trustee of your trust, you will have to provide us with:
-Information about your corporate trustee
-Directors of the corporate trustee
-Shareholders of the corporate trustee, and whether they are Individual shareholders or Corporate shareholders
-All named beneficiaries
If an individual or multiple individuals acts as the trustee of your trust, you will have to provide us with:
-All trustees
-All named beneficiaries
4. Upload your documents. We require the signed, dated, and certified Trust Deed, which has been certified in the last 12 months. This can be certified by an accountant, a Justice of the Peace, a police officer, a pharmacist, or a legal practitioner. If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Full Company ASIC extract or ASIC certificate of registration – one per company, from ASIC or NZ Register.
5. Once you upload your documents, select Next.
Step 3: What happens next
Our team will review your entity application as soon as possible and let you know if we need more information.
All included individuals will receive an invitation to join the entity and will only have 14 days to join.
You can check the status of your application on your
Dashboard.Finally, you will receive a confirmation email and be able to access your new entity account.
App
Step 1: Begin and complete your profile
Log in to your personal Swyftx account.
Select the three lines in the top left corner and expand the side menu.
Select Create entity account from the app side menu, then select Start application.
If you have not completed your KYC 1 verification (Gold), you’ll be required to do so before continuing.
Step 2: Complete the Entity application form
If you selected Through a company, trust or SMSF when creating your account, this will appear as Step 3 on your Dashboard.
Under Let’s start with the basics, select Trust, then select Next.
Select who acts as the trustee of your trust: A company (Pty Ltd) or An individual or multiple individuals.
If a company (Pty Ltd) acts as the trustee of your trust, you will have to provide us with:
-Information about your corporate trustee
-Directors of the corporate trustee
-Shareholders of the corporate trustee, and whether they are Individual shareholders or Corporate shareholders
-All named beneficiariesIf an individual or multiple individuals acts as the trustee of your trust , you will have to provide us with:
-All trustees
-All named beneficiariesUpload your documents. We require the signed, dated, and certified Trust Deed, which has been certified in the last 12 months. This can be certified by an accountant, a Justice of the Peace, a police officer, a pharmacist, or a legal practitioner. If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Full Company ASIC extract or ASIC certificate of registration – one per company, from ASIC or NZ Register.
Once you upload your documents, select Next.
Step 3: What happens next
Our team will review your entity application as soon as possible and let you know if we need more information.
All included individuals will receive an invitation to join the entity and will only have 14 days to join.
You can check the status of your application on your
Dashboard.Finally, you will receive a confirmation email and be able to access your new entity account.
Further assistance
If you require additional support during the process, book a consult call with one of our account specialists.
Accessing your entity account
App
Log in to your personal Swyftx account.
Select the three lines
in the top left corner to expand the side menu.Select Switch account from the top of the menu.
Web
Log in to your personal Swyftx account.
Select your circled initial in the top right corner of the dashboard.
Select the account you wish to switch to from the drop-down menu.
Swyftx strongly encourages the addition of two-factor authentication (2FA). 2FA is the most significant upgrade you can make for your account security.
Read more: Set up two-factor authentication