Common use of Important Information About Procedures for Opening Clause in Contracts

Important Information About Procedures for Opening. a New Account To assist in protecting you against identity theft, as well as 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 who opens an Account. This means that 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 for additional information, including your driver’s license or other identifying documents.