Signing up for Budgetly involves verifying your business and identity — the same process as opening any Australian business bank account. Here’s what to expect.
1. Follow the onboarding steps
Sign-up takes you through email verification, terms acceptance, business details, signatory verification, and compliance checks. Most steps take minutes.
Read the full guide: Step-by-step onboarding guide.
2. Understand the compliance process
Australian law requires us to verify your business (KYB) and the identity of your authorised signatory (KYC). Approval typically takes 1–2 business days.
Read the full guide: Understanding our account approval process.
3. Know who can be the authorised signatory
The signatory must be a director, officer, or trustee listed on ASIC or ACNC. If they’re not listed, a Letter of Authority is required.
| Business type | Who qualifies |
|---|---|
| Company | Director on ASIC |
| Association/charity | Officer on ASIC or ACNC |
| Sole trader | You |
| Trust | Trustee or director of corporate trustee |
Read the full guide: What is an Authorised Signatory?.
4. Get a Letter of Authority if needed
If the person signing up isn’t listed on ASIC or ACNC, a listed officer must sign an LOA to authorise them.
Read the full guide: What is a Letter of Authority?.
5. Find your association number (associations only)
Charities, non-profits, and sporting entities need to provide their association number from ASIC Connect or the ACNC Charity Register.
Read the full guide: Where can I find my association number?.
6. Access legal documents
All legal documents — Terms and Conditions, PDS, FSG, and Privacy Policy — are available on the Budgetly Legal Hub.
Read the full guide: Legal Hub.