To help the government fight the funding of terrorism and money-laundering activities, the USA PATRIOT ACT, a federal law, requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including business accounts.
What This Means For You
When you open an account, we will ask you for your name, address, date of birth, SSN, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
If you are opening an account on behalf of a business entity, documents relating to the business may also be requested.
The Bank Secrecy Act aids the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
Legal Entity Account
Each time an account is opened for a covered legal entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the legal entity.
If you are opening an account on behalf of a legal entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We proudly support all efforts to protect and maintain the security of our customers and our country.