Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.
What this means to you: when you open an account or change an existing account, American State Bank will ask you for your name, physical address, mailing address, date of birth, and other information that will allow American State Bank to identify you. American State Bank will ask to see your driver’s license and other identifying documents and copy or record such information in accordance with Section 326 of the USA Patriot Act.
The following will be requested:
- U.S. State issued driver’s license
- U.S. Government Alien ID
- U.S. State Issued ID
- U.S. Military ID
- U.S. Passport
- Verification of current physical address may be requested.
- Phone number
- Employer and occupation
- Email address
- Other information as needed
Please contact a customer service representative for more information.