Common use of Opening the Account Clause in Contracts

Opening the Account. 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 business that opens an Account. We will ask for the name, address, date of birth, and other information that will allow us to identify the Account Owner. We will also ask for other information related to the business entity. If we are not able to validate the identity or authenticity of the Account Owner or the business entity to our satisfaction, we may not open the Account.

Opening the Account. 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 business that opens an Account. We will ask for the name, address, date of birth, and other information that will allow us to identify the Account OwnerAuthorized User who is opening the Account. We will may also ask for other information related to the business entity. If we are not able to validate the identity or authenticity see a copy of the Account Owner or the business entity to our satisfaction, we may not open the Account.Authorized User’s driver’s