USA Patriot Act - Section 326 requires Financial Institutions to verify the identity of account holders to prevent the use of the U.S. banking system in terrorist and other illegal activity.
IMPORTANT NOTICE 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 who opens an account. What this means for you: 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 to see your driverís license or other identifying documents.
In some cases, identification for existing customers may be requested so the bank can ensure that it knows the true identity of our customers.