midnight rambler
11th September 2013, 04:05 PM
Recently had a need for this info, lookee what I found -
You may be suprised to find out that you can open an account at ANY bank without using SSN.
This is the law governing banks and ID numbers:
31 CFR 103.28 requires identification as follows:
Before concluding any transaction with respect to which a report is required under Sec. 103.22, a financial
institution shall verify and record the name and address of the individual presenting a transaction, as well as
record the identity, account number, and the social security or taxpayer identification number, if any, of
any person or entity on whose behalf such transaction is to be effected. (Emphasis added)
So they are required to ask for a SSN but notice the words "if any". Clearly it is not a requirement. There is also no law prohibiting a finacial institution form opening an account without a SSN.
31 CFR 103.34 provides:
In the event that a bank has been unable to secure . . . the required identification, it shall nevertheless not be
deemed to be in violation of this section if (i) it has made a reasonable effort to secure such identification, and
(ii) it maintains a list containing the names, addresses, and account numbers of those persons from whom it
has been unable to secure such identification, and makes the names, addresses, and account numbers of those
persons available to the Secretary as directed by him.
So, there is even a provision in the law in case the bank can't get a SSN from a customer. They merely have to make a notation in record of those it hasn't been able to secure a number .
As a matter of fact, if the bank tells you that it is required by law when it actually isn't they are in violation of the law.
18 U.S.C. Sec. 242 and 42 U.S.C. Sec. 1983 provides that:
Whoever, under color of any law, statute, ordinance, regulation, or custom, willfully subjects any person in
any State, Territory, or District to the deprivation of any rights, privileges, or immunities secured or protected
by the Constitution or laws of the United States, ... shall be fined under this title or imprisoned not more than
one year, or both; 42 U.S.C. Sec. 1983 further provides that a violator shall be liable to the party injured in
an action at law, suit in equity, or other proper proceeding for redress.
Now, that is pretty straightforward and easy to understand. The violater is even liable for damages!
42 U.S.C. Sec. 408 provides that:
Whoever ... (8) discloses, uses, or compels the disclosure of the social security number of any person in
violation of the laws of the United States; shall be guilty of a felony and upon conviction thereof shall be fined
under title 18 or imprisoned for not more than five years, or both.
It's even a felony!
More including templates to lay on your local bankster -
http://freedom-school.com/tax-matters/open-an-account-at-any-bank-without-using-ssn.html
You may be suprised to find out that you can open an account at ANY bank without using SSN.
This is the law governing banks and ID numbers:
31 CFR 103.28 requires identification as follows:
Before concluding any transaction with respect to which a report is required under Sec. 103.22, a financial
institution shall verify and record the name and address of the individual presenting a transaction, as well as
record the identity, account number, and the social security or taxpayer identification number, if any, of
any person or entity on whose behalf such transaction is to be effected. (Emphasis added)
So they are required to ask for a SSN but notice the words "if any". Clearly it is not a requirement. There is also no law prohibiting a finacial institution form opening an account without a SSN.
31 CFR 103.34 provides:
In the event that a bank has been unable to secure . . . the required identification, it shall nevertheless not be
deemed to be in violation of this section if (i) it has made a reasonable effort to secure such identification, and
(ii) it maintains a list containing the names, addresses, and account numbers of those persons from whom it
has been unable to secure such identification, and makes the names, addresses, and account numbers of those
persons available to the Secretary as directed by him.
So, there is even a provision in the law in case the bank can't get a SSN from a customer. They merely have to make a notation in record of those it hasn't been able to secure a number .
As a matter of fact, if the bank tells you that it is required by law when it actually isn't they are in violation of the law.
18 U.S.C. Sec. 242 and 42 U.S.C. Sec. 1983 provides that:
Whoever, under color of any law, statute, ordinance, regulation, or custom, willfully subjects any person in
any State, Territory, or District to the deprivation of any rights, privileges, or immunities secured or protected
by the Constitution or laws of the United States, ... shall be fined under this title or imprisoned not more than
one year, or both; 42 U.S.C. Sec. 1983 further provides that a violator shall be liable to the party injured in
an action at law, suit in equity, or other proper proceeding for redress.
Now, that is pretty straightforward and easy to understand. The violater is even liable for damages!
42 U.S.C. Sec. 408 provides that:
Whoever ... (8) discloses, uses, or compels the disclosure of the social security number of any person in
violation of the laws of the United States; shall be guilty of a felony and upon conviction thereof shall be fined
under title 18 or imprisoned for not more than five years, or both.
It's even a felony!
More including templates to lay on your local bankster -
http://freedom-school.com/tax-matters/open-an-account-at-any-bank-without-using-ssn.html