Common use of Verifying Your Identity Clause in Contracts

Verifying Your Identity. When you open an account with us, you give us information about yourself and confirm that it is correct. We enter the information into our records regarding your account. We may rely on that information until you notify us of a change and we have had a reasonable time to act on the new information. To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act 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 to see your driver's license or other identifying documents.