Important Information about Procedures for Opening a New Wallet
To help the government fight the funding of terrorism and money laundering activities, financial institutions are required by Federal law to obtain, verify and record information that identifies each individual or entity that opens a wallet or requests credit.
What this means for individuals: When an individual opens a wallet or requests credit, we will ask for their name, residence address, date of birth, tax identification number, and other information that allows us to identify them. We may also ask to see a driver's license, passport, or other identifying documents.
What this means for other legal entities: When a corporation, partnership, trust, or other legal entity opens a wallet or requests credit, we will ask for the entity's name, physical address, tax identification number, and other information that will allow us to identify the entity.
We may also ask to see other identifying documents, such as certified articles of incorporation, partnership agreements, or a trust instrument.
Updated September 15, 2020.
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