[Dataloss] Personal experiences? Was Re: VISA / 1ST BANK

[Chris Walsh]

I don't think that strictly speaking this is part of the "know your  
customer" stuff, although it may be as implemented in the typical  
case, but in order for interest to be reported on a 1099, you have to  
supply a taxpayer ID number (which handily is the SSN for individuals  
in most cases).


On Oct 21, 2006, at 4:46 AM, ziplock wrote:

>
> I worked in the banking industry for a while, and as I recall, fed  
> regs
> require you to give the (U.S.) bank your SSN to open any type account.
>