USA PATRIOT ACT

 

In accordance with Section 326 of the USA PATRIOT ACT, Citizens Bank is required to obtain a copy of documents used in identifying our customers as well as other information that allows us to identify our customers; including, but not limited to: name, physical address and date of birth.  This information is used to assist the United States government in the fight against the funding of terrorism and money laundering activities.

 

In some cases, identification will be requested for current customers if original documentation was not obtained with opening of the account.  In all cases, protection of our customers' identity and confidentiality is our pledge to you.

 

Additionally, FINCEN has adopted a "two pronged" approach to beneficial ownership, which requires financial institutions to identify those individuals with 25% or more direct or indirect equity interest in a legal entity, as well as the single individual with significant managerial responsibility over the legal entity.  We will obtain a copy of each individual's identification as well as the following information: name, physical address, date of birth and tax ID number.

 

We proudly support all efforts to protect and maintain the security of our customers and our country.

What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them.  We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.