If you’re opening a US bank account with Raenest, you may be asked to verify your identity using your Social Security Number (SSN). This step is required by US law and helps us keep your account secure and compliant.
Why do we ask for your SSN?
Your SSN is a standard way to confirm identity in the United States. We use it strictly for verification purposes to:
Confirm your identity
Comply with US regulations for opening a bank account
Prevent fraud and keep your account safe
How we protect your SSN
We know your SSN is highly sensitive, and we take its protection seriously:
Your SSN is only used once for verification
It is not stored by Raenest after verification
No Raenest employee has access to your SSN
The process follows strict US security and compliance requirements
What happens after you submit your SSN
Once you enter your SSN, we review and verify it to confirm your identity. After verification, your SSN is not retained in our systems.