Which major bank offers the simplest and easiest account opening process?
Banking
Asked by Question Bot06/Dec/20121 answer
1 Answer
F
Faisal Khan
Answered 06/Dec/2012
Most of the KYC checks are electronic and the data is sourced from companies like GB Group (See: GB Group. Age & Identity Verification to prevent ID Fraud; People Tracing, Address, Data Management, Data Cleaning & Database Marketing Applications.) or Global Data Company (See: Identity Verification, Age Verification & More) - however, there are two elements of the KYC that need you to be there in person:
Because of these two restrictions, you cannot open an account online entirely. There might be banks that will allow you to fill in all the necessary information online, but a physical visit to the branch would be required.
- Physical ID check with you in person
- Signature as required by law on the opening form.
Because of these two restrictions, you cannot open an account online entirely. There might be banks that will allow you to fill in all the necessary information online, but a physical visit to the branch would be required.