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 or legal entity that opens an account. In addition, for covered legal entity accounts, we are required to obtain identifying information for each individual that has beneficial ownership in the legal entity; and any individual with significant responsibility to control, manage, or direct the legal entity.
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.
Accounts are verified through ChexSystems.
We thank you for your cooperation as we comply with this federal regulation.