Each time an account (including checking accounts, savings accounts, loans, certificates of deposit, and safe deposit boxes) is opened for a covered legal entity* (business), you will be required to provide identifying information for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the legal entity. Each beneficial owner and managerial controller must provide their: Name Physical Address Date of Birth Social Security Number Copy of Identification Documents Any individual opening an account on behalf of a legal entity will be required to provide the appropriate documentation and to certify that the information is true and accurate to the best of their knowledge.   *A legal entity does not include: sole proprietorships, unincorporated associations, trusts (excluding statutory trusts) and natural persons. Exempt entities include those that are Federal or State regulated, such as banks, any department or agency of the United States, of any State, or of any political subdivision of a State.