Re:Bumper Sticker Computer Science (1985) [pdf]
by mifreewil on Monday August 20, 2018 @05:00AM
(#17798528)
Fun fact: Car dealerships are actually considered financial institutions under FinCEN regulations. Depending on the cost of the car/cash amount, they may need your SSN for reporting purposes.
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Re:Bumper Sticker Computer Science (1985) [pdf]
by Casseres on Monday August 20, 2018 @05:14AM
(#17798585)
No, they still do not. Banks don't even need your SSN...
> You are not required to have a social security number to open a checking or savings account.
Source: https://www.consumerfinance.gov/ask-cfpb/can-i-get-a-checkin...
Re:Bumper Sticker Computer Science (1985) [pdf]
by mifreewil on Tuesday August 21, 2018 @07:18AM
(#17808624)
“To open a checking or savings account, the bank or credit union will need to verify your name, date of birth, address, and ID number. An ID number can be a social security number or an Individual Taxpayer Identification Number (ITIN).“
Having spent more than a few years in FinTech, I know these things can vary from company to company as companies generally are required to design their own “risk-based” policies for AML and KYC.