Data Access & Collection · Procedure
Opening an account requires identity information and US eligibility
Federal law requires the Bank to obtain, verify and record identifying information for each person opening a savings account. The application collects name, street address, email, phone number, Social Security Number and date of birth. To open an account, the person must be at least 18 (or the applicable age of majority in the resident state), a U.S. citizen or a resident alien with a valid SSN, and have a residential address in the U.S. or a U.S. territory where the account is offered. The Bank may also ask for a driver's license or other identifying documents.
Details
- What it covers
- name, street address, email, phone number, SSN, date of birth, identity documents
- Condition
- 18+ or age of majority; U.S. citizen or resident alien with valid SSN; qualifying U.S. residential address
Supporting quotations
B.1. Identifying You. To help the United States Government fight terrorism and money laundering, federal law requires us to obtain, verify, and record information that identifies each person that opens a Savings Account. What this means for you: when you open a Savings Account, we will ask you for your name, street address, email, phone number, Social Security Number (SSN), and date of birth. To open a Savings Account with us, you must be at least 18 years old (or applicable age of majority in your resident state), a U.S. citizen or a resident alien with a valid SSN and have a residential address in the U.S. or U.S. territory where we offer the Account. We may also ask to see your driver's license or other identifying documents that will allow us to identify you.
Qualifications & exceptions
- Age is 18 or the applicable age of majority in the resident state.
- Eligibility is limited to U.S. citizens or resident aliens with a valid SSN and a qualifying U.S. residential address.
Not stated here
- What happens if identity verification is unsuccessful is not stated in this section.