Creating an account with Beacon is easy and straightforward. We understand that simplicity and efficiency are important, so we’ve streamlined the process into five simple steps, taking less than 15 minutes:
Download the App: Get the My Beacon app from the Google Play Store or Apple App Store.
Verify Your Email: Fill in your email and you will receive a verification code in your email inbox. Type in the code in the app to sign up for the app.
Open the Account: You can open the account by navigating to the "Get a Money Account" icon. Click "Open a Beacon Money Account" and then click "Get Started" on the next screen.
Fill out a Questionnaire: You need to answer a few questions about your residency, citizenship, employment status. There will be an additional question about whether or not you are related to a Politically Exposed Person (PEP). For more information on how you should answer this question, please read this article: How do know if I am considered a PEP?
Verify Your Phone Number: You will be prompted to verify your phone number by receiving a verification code sent as a text message to your phone.
Take Photos of Your Identification Documents: You will need to provide documents for Proof of Address, Identity Verification and Canadian Visa Status (only for customers that aren't Canadian citizens or PR holders). To understand the documents needed to complete this process, please review this article: What documents are required to open a Beacon Money account?
Take a Selfie: Capture a selfie to complete your profile.
And that’s it! We’re all set. Once you’ve completed these steps, our team will review your information and get back to you about approval within one business day.
If you have any questions or need assistance during the process, our friendly customer support team is here to help you every step of the way. We’re dedicated to making this as smooth and stress-free as possible for you.