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 Citizens State Bank & Trust Co. and Citizens State Bank & Trust Co. has not previously verified your identity under the new regulatory requirements, Citizens State Bank & Trust Co. will request documentary verification of your identity, such as a driver's license or passport and/or it will verify your identity through other non-documentary methods. Similar identification requirements apply to business entities such as corporations and partnerships.
Citizens State Bank & Trust Co. may retain a copy of any document it relied on to verify your identity
Notice for Customer Identification Program
IMPORTANT INFORMATION ABOUT PROCEDURES
FOR OPENING A NEW ACCOUNT
To help the 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 who opens an account.
What this means for you: When you open an account, we will ask for your legal name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. This financial institution cannot waive these requirements. Please help us to protect our country!