In accordance with Section 326 of the USA Patriot Act signed October 26, 2001, all persons are subject to the identity verification requirements even though they may be a long term customer and well-known to Capitol Bank.
For the purpose of the regulation, an “account” includes every formal banking relationship that entails ongoing services, dealings or transactions. Some examples are a deposit account, loan, trust relationship or safe deposit box rental.
If you request to open an account or become a signatory on an account with Capitol Bank and Capitol Bank has not previously verified your identity under the new regulatory requirements, Capitol Bank will request documentation verifying your identity, such as a driver’s license or passport. Capitol Bank may also verify your identity through means other than documentation. Similar identification requirements apply to business entities, such as corporations and partnerships.
In all cases, protection of our customers’ identity and confidentiality is Capitol Bank’s pledge to you.