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Who can open a business account?
Who can open a business account?

Your ability to open a business account depends on the industry you operate in.

Updated over 3 months ago

When it comes to Adro Business accounts, there are certain industries we do not support. If your business falls into an unsupported industry, you will not be able to open an Adro Business account.

If you're not sure which industry your business falls into, you can proceed with opening an Adro Business account and we will review your application.

✅ Supported industries - Allowed to open an account

  • Accommodation and Food Services

  • Administrative and Support and Waste Management and Remediation Services

  • Agriculture, Forestry, Fishing and Hunting

  • Arts, Entertainment, and Recreation

  • Construction

  • Educational Services

  • Finance and Insurance

  • Health Care and Social Assistance

  • Information

  • Management of Companies and Enterprises

  • Manufacturing

  • Mining, Quarrying, and Oil and Gas Extraction

  • Professional, Scientific, and Technical Services

  • Public Administration

  • Real Estate and Rental and Leasing

  • Retail Trade

  • Transportation and Warehousing

  • Utilities

  • Wholesale Trade

  • Other Services (not defined as an Unsupported Industry)

🔎 Supported with enhanced review

If any of the criteria below applies to your company, please allow additional time for Adro to review your account application.

  • Businesses located in a Foreign Country

  • Businesses involved in the adult entertainment industry

  • Businesses owned or guaranteed by a Foreign Politically Exposed Person

  • Businesses owned or guaranteed by a Domestic Politically Exposed Person

  • Businesses owned by undocumented Aliens

  • Accounts related to politics/campaigns

  • Money Service Businesses (check cashing facilities, money transmitters, currency exchange houses, issuer / seller / redeemer of stored value cards, money orders, traveler’s checks, bitcoin/crypto/virtual currency, etc.)

  • E-Commerce businesses

  • Foreign Off-Shore Corporations

  • Foreign Charitable Organizations

❌ Unsupported industries - Not allowed to open an account

  • Controlled Substances

  • Cryptocurrency

  • Firearms

  • Gambling

  • Government

  • Tax

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