US federal law requires financial institutions like NALA to obtain the last four digits of your social security number (SSN) or your Taxpayer Identification Number (ITIN). Our banking partner then verifies this information to confirm your identity.

As a financially regulated company, we are required by law to know exactly who has accounts with us. This is known as 'Know Your Customer’ (KYC) or 'Customer Due Diligence' (CDD) in the banking world. It helps us to prevent fraudulent activities, such as money laundering, and ensure the safety of our customers' funds.

Please note that;

  • Your SSN will not be shared without your permission, except as required by US law.

  • Your SSN will only be used to verify your identity. This will not affect your credit score in any way.

  • Your SSN is encrypted and transmitted to us via a secure (TSL) connection. Your SSN is never processed outside of the USA.

Please note that protecting your information is very important to us. All data, financial details, or documents you give us are stored securely, encrypted, and kept private as per our privacy policy.

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