Establishing Your Identity When Opening an Account
Federal regulations enacted pursuant to section 326 of the USA PATRIOT ACT require all financial institutions to verify the identity of every person who seeks to open an account or become a signatory on an account and record the information that identifies each person who establishes a bank account.
For the purpose of the regulation, an account includes every formal banking relationship that entails ongoing services, dealings or transactions. These include deposit accounts, loan relationships and safe box rental.
What this means for you:
When you open an account at USAmeriBank or become a signatory on an account, we will ask for your certain information prior to opening the account which will include the following; name, physical address, date of birth, tax identification number and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents.