Bank Secrecy Act
Your business relationship is important to us, and our goal is to make the account-opening process an efficient experience for you. Effective May 11, 2018, all banks will be subject to new rules under the Bank Secrecy Act which are intended to aid the government in the fight against crimes such as terrorism or other national security threats.
If your business is a covered “Legal Entity” (a corporation, limited liability company, etc.), each time an account is opened, you will be required to provide identifying information. This will include name, address, date of birth, driver’s license, and social security number for each individual that has 25% or more Beneficial Ownership in the business; and, for one individual that has significant managerial control of the business, such as CEO, CFO, etc.
The person opening the account will be required to certify that the information is true and accurate to the best of their knowledge.
For your convenience, you may collect the required information on the certification form located here, and provide to us when you are ready to open your new account.
Because the completed form contains personal information, please do not send via unsecure email. You can send via Cash Management, in person, or fax to your bank contact.