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As a result of the events of September 11, 2001…
President Bush signed into law the USA Patriot Act. In order to prevent the use of the U.S. banking system in terrorist and other illegal activity, Section 326 of the Act requires that banks must:
- Verify the identity of any person opening a new business or personal account (which includes Trust, Investments, Loans and Deposit Accounts)
- Request and maintain records of the information used to verify the person's identity including name, address, date of birth and other identifying information
FundCash will follow this law by obtaining valid identification and verifying all information given by the customer. In some cases, identification for existing customers may be requested so the bank can ensure that it knows the true identity of our customers.
FundCash supports all efforts to protect and maintain the security of our customers and our country. We cannot waive these requirements. |
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FundCash® is a product of Presidential Bank,
FSB, which does not provide advice about how or whether to invest.
Price and yield information available on this site is believed to
be accurate but is not guaranteed. All descriptions of loan terms
are limited in their entirety by the actual loan documents. All
loans are subject to approval. Federal regulations prohibit the
reinvestment of loan proceeds in securities. Pledged assets are
subject to involuntary sale with risk of loss and possible tax effects.
Retirement plans and certain fiduciary accounts are not eligible.
Presidential Bank is an equal housing lender.
updated: 07/01/2009 lmm
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