Information the Bank will require before you can open an account.

IDENTITY

1. Name: The Bank will obtain the full verifiable legal name of each owner of the account.

a. Personal Account: Full verifiable legal name of each owner on the account.

b. Commercial Account: Full verifiable legal name of entity (i.e.: corporation, partnership, trusts, and other customers that are not individuals)

c. Closely held corporation, trusts, etc., identity of beneficial owner to be verified as well.

2. Date of birth for each owner of the account

3. Address:

a. Personal Account: Residence street address and mailing address (if different from residence) of each owner of the account.

In the event a physical street address cannot be obtained (i.e. Army Post Office (APO) box number or Fleet Post Office (FPO) box number only are available) the name and physical address of next of kin or contact individual should be obtained.

b. Commercial Account: Business physical address and mailing address (if different from business address)  If business main office is not local, physical and mailing address should be obtained for both main office and local office.

4. Identification number:  Tax identification information shall apply to all owners on any personal or commercial new account established with the Bank.

a. Personal:

i. FOR U.S. PERSONS: by document examination and verification of valid U.S. Taxpayer Identification Number (e.g. Social Security Number (SSN), Individual Taxpayer Identification Number (TIN), and Employer Identification Number (EIN).

ii. FOR NON U.S. PERSONS: by document examination of proof of valid U.S. Taxpayer Identification Number (e.g. Social Security Number, Individual Taxpayer Identification Number, and Employer Identification Number (EIN).

b. Commercial:  Tax Identification Number (TIN) or Employer Identification Number (EIN) shall be obtained and verified for each commercial account established.

 

IDENTITY VERIFCATION

Identification verification shall be further established on each customer by obtaining and documenting on the Bank’s electronic database the following:

1. Individual:

a. U.S. Person: An unexpired government-issued document containing the customer’s photo (e.g. State of TX driver’s license, state-issued ID card, military ID card, an unexpired passport containing the passport number and country of issuance).

b. Non-U.S. Person: An unexpired government-issued document containing the customer’s photo (e.g. State of TX driver’s license, state-issued ID card, an unexpired passport containing the passport number and country of issuance, or an alien identification card evidencing nationality or residence and bearing a photograph).

2. Non-Individual:

a. Certified articles of incorporation/Certificate of Formation

b. Government issued business license (i.e. DBA Certificate)

c. Partnership Agreement

d. Trust Agreement

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