Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, 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 for a business or other institution, we will ask for the entity’s name, address, taxpayer identification number, affiliations and ownership. We will also collect information regarding the purpose of your account and anticipated account activity. We may ask to see certified articles of incorporation or other identifying documents on the entity. Additionally, we will request identifying information on the individuals or entities that are beneficial owners, have control over or are associated with an account, including information about those individuals.
If you are opening an account for yourself or jointly with another individual, we will ask for the name, address, date of birth, place of birth, social security number, employer and other information that will allow us to identify all customers on the account.