Why do I have to give my bank details?
ZealiD, as a Qualified Trust Service Provider, is obliged to identify its users. This identification is done through Strong Customer Authentication (SCA), which is a requirement of the second Payment Services Directive (PSD2). In order to comply with due diligence, ZealiD applies the KYC (Know Your Customer) identification methodology to avoid any type of fraud. In KYC processes, the applicant has to submit certain documents and evidence that will be checked against trusted sources. In this case, your bank account information is checked.