Social Security Number SSN can sometimes seem more like a “Slave Surveillance Number”. It reduces the level of enslavement if you are having the bank account without this number.
SSN No. is not required for opening a bank account.
If you are going to open a bank account, first thing the bankers ask about your SSN. If you tell them that you are not having SSN then they will refuse straightforwardly to open your account. The online account for the client like that could be an easiest solution.
Legal Position on SSN Requirement
There are numerous ways to convince the banks that SSN is not that much necessary.
- SN can be ended legally according to CFR 3 A7 404.1905.
- Bank can not pressurize customer legally to tell about his SNN according to 31 CFR 103.34(a)(1)
- Banks are not asked to provide the taxpayer identification numbers at the end of the year on the Form 1099 under the Internal Revenue Code (IRC) Section 6041
- According to 26 CFR 301.6109-1© bank is not under any legal obligation to obtain SSN from customer
- It is classified as crime under 42 USC 408 if one is threatening or forcing someone to provide his SSN.
Bank Account can be opened without SSN
There are many examples seen of opening a bank account without SSN. Some customers have asked bank authorities that according to section 1 of public law 93-579 also known as the Privacy Act of 1974 and Title 5 of U.S. Code Annotated 552 (a) it is a subject of private entity.
How to Open Bank Account without SSN
Some people can do it by way of court. Court usually provides the relief to customer. Some people open their accounts in the name of some fake trust. In this way they don’t have to provide their SSN and trusts are non human so how can it have SSN. Trust is formed under common law and is fully in accordance with the laws of State of Indiana.
Obviously when you are opening an account in the name of trust you don’t have to show any part of the trust to bank. One can open non interest bearing account in this way. To open such type of accounts one has to get knowledge of constitutional laws and if you don’t then you can go to the lawyer for an advice. Be sure of your state laws to open a trust. All this should be done according to the laws and rules of the state.
Checking and Saving Accounts
Make the name of the trust harmless. It may sound like a law firm or a trust. The type of the account should be checking not savings, as savings account has fee and probably interest bearing. You will be prohibited to disclose any terms of trust or beneficiaries by the trust agreement. An affidavit of trust identifies you as a trustee and permits you to open a bank account.
To do all above activity, it is quite important to have the knowledge of your state laws. The laws are well written and plain in Indiana which makes it good place for trusts. The party has no authority to investigate about the information provided by the trustee as it is provided in the laws of State of Indiana. The most important thing the status of the trust should be legal in the state.
Some of my friends have solved their issue of providing their SSN to the bank by warning the bank that if bank will keep on asking for slave number then they will draw their entire substantial sum and may close the account.
It depends upon you now how you tackle this problem.
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I would like to believe this statement but I truly believe that the Parrot Act (sorry) the “Patriot Act”, is a statute enacted by the United States Government that President George W. Bush signed into law on October 26, 2001. supersedes all the above statements because I tried and was denied.
The managers who open the accounts for future customers didn’t seen very knowledgeable about the laws when I asked if I could open a account without a ss number. In addition such banks to make sure they are not engaging in money laundering. Bank must identify all the nominal and beneficial owners of any private bank account opened and maintained in the U.S. by non-U.S. citizens.
But you can again check hyour resources to see if again the law has not been changed.
Paul,
Having gone through this very situation with US Bank, I can attest that no where in the Patriot Act does it actually state that Banks are required to collect the Social Security Number of those opening accounts. It is very specific about procuring valid identification of the entity opening the account, but because the Social Security Number is not required by law and is still voluntary, the banks can’t legally deny you the right to open an account based on your refusal to provide the SSN, as long as you establish valid ID otherwise. The Patriot Act does NOT require banks to collect your SSN to establish identity.
I’m trying to start a business account without putting my personal info down.
My credit is not so well and it has cause stagnation in getting a business loan. So I have studied that I can have a trust account open the business and I should be able to get a business loan under the corporations name.
So I am looking to open (3) accounts the trust, corporation, and the non-bearing interest account. How do I do it?
But department of treasury say its required:
http://www.helpwithmybank.gov/faqs/banking_id.html#drop04
The problem is that banks are private companies and they can set their own rules regarding what documentation is required to open an account.
The problem is with the so-called ‘valid ID’ required upon opening the account(s). Most banks require some picture ID, usually a driver license or state ID at minimum. This is a claim of jurisdiction of sorts. It shows where you claim residence or home. This indicates you are under that jurisdiction.
The only true form of total ownership might be something like a non-jurisdictional account where no claim of jurisdiction is required to hold the account. Similar to original Swiss numbered accounts which may now require more than just issuing a number.
Remember, as soon as you produce birth documents, picture ID’s, driver license type state ID’s, you are indicating which jurisdiction “handles you”, etc..
Additionally, it may be true that the only thing that even approaches a non-jurisdictional type of account would be one of gold or silver like E-Gold, which is not taking new applications right now. Pecunix might come close, but also investigate NORFEDS and their Liberty Dollars, etc..
The avoidance of using a Federal Reserve type of currency-based account is foreign to regular restrictions, rules, tracking and surveillance abilities, etc.. Real money is not fraud notes, but only gold or silver coin, or possibly, gold or silver real certificates if they are instruments which are redeemable in lawful money.
What you may find is that every way you go, there are authorities and government jurisdictions seeking to restrict anything but the use of jurisdictional issued ID, Federal Reserve issued and regulated accounts and currency, etc.. Anything involving an account which is based on using Federal Reserve Currency is under the jurisdiction of The Federal Reserve and the illegal I.R.S..
Who do I contact to open a non-interest bewaring checking acct without an SSN?
I tried to open an acct with my ssn, but was refused because I refused to pay the over-draw charges that resulted when the bank illegally the IRS to levy my account.
I know you can’t give legal advice; I will take cae of that on ky own.
Thanks