Important Information About Opening a New Account
To help the United States 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 or legal entity opening an account.
What This Means For You
When you open an account, we will ask for your name, physical address, date of birth, tax identification number, and other identifying documents.
Protected Information
Information collected under Section 326 is securely maintained in strict compliance with federal privacy laws and financial confidentiality acts.
Statutory Mandate
Summary of Federal Customer Identification Requirements.
USA PATRIOT Act (31 U.S.C. 5318) / Section 326
FinCEN & Federal Banking Regulators
5 Years Post Account Closure
Strict Confidentiality under GLBA & Federal Privacy Laws
Customer Identification Framework
How Hillridge fulfills its statutory duties under the Bank Secrecy Act and USA PATRIOT Act.
Customer Identification Program (CIP)
Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity opening an account.
Beneficial Ownership Verification
Legal entities must identify and certify individuals who own 25% or more of the equity interest or maintain significant managerial control.
Ongoing Account Monitoring
Continuous transaction monitoring to detect and prevent unauthorized activity, money laundering, and illicit finance.
Data Confidentiality & Safeguards
All verified identification data is encrypted and maintained under strict bank secrecy and regulatory privacy standards.
Required Identification Documentation
Please prepare the following documents prior to opening an individual or corporate account.
For Individual & Consumer Accounts
- Full legal name and date of birth.
- Residential physical address (P.O. Boxes are not permissible).
- Government-issued photo ID (Unexpired Passport, Driver’s License, or State ID).
- Social Security Number (SSN) or Taxpayer Identification Number (TIN).
For Corporate & Institutional Accounts
- Articles of Incorporation, Partnership Agreements, or Operating Agreements.
- Employer Identification Number (EIN) or international tax registration.
- Government-issued ID and personal details for all authorized signers.
- Certification of Beneficial Owners owning 25% or more equity interest.
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