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 or legal entity* 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.
*Each time an account is opened for a covered legal entity we are required to ask you for identifying information as mentioned above for each individual that has beneficial ownership of 25% or more in the legal entity and one individual that has significant managerial responsibility for the legal entity.