To help the government fight the funding of terrorism and money laundering activities, Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. Information about the USA Patriot Act – Customer Identification Program Requirements
In accordance with Section 326 of the USA Patriot Act, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
If you are opening an account for yourself or another individual, we will ask for the name, address, date of birth, social security number, and other information that will allow us to identify all customers on the account. We may also ask to provide legal documents such as a driver’s license, passport or other identifying documents to aid in identification.
Balance Money proudly supports all efforts to protect and maintain the security of our customers and country.