What are the KYC requirements for opening a bank account?
An example of an AI chatbot conversation about KYC requirements for banking.
What are the KYC requirements for opening a bank account?
KYC, or Know Your Customer, requires you to provide identification, proof of address, and sometimes income verification.
What types of identification do I need?
Typically, you need a government-issued ID like a passport or driver's license, along with a secondary form of ID.
Do I need to provide proof of income?
It depends on the bank and the type of account. Some may require proof of income, especially for loans or credit accounts.
Can I use a utility bill as proof of address?
Yes, a utility bill is commonly accepted as proof of address, as long as it includes your name and current address.
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