ID for banking

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Forums › Finance and wealth management › ID for banking

xpd

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#256048 12-Sep-2019 09:03

Made booking to see bank, and they asked us to bring along our passports and drivers license.

Problem - wifes passport is expired, and mine is.... well.... I cant find the damn thing and suspect its expired as well (got caught in that stupid 5 year period).

So bank says to bring along a govt issued ID and a govt sent letter with our name on it from within the last 3 months.

I honestly cant remember the last time I received anything from the govt via post. I have a RealMe ID, why cant banks start to use that.

Everything else comes via email. Guess can print out something from IRD that shows the address, but would it be acceptable giving its not the "original" as such.

Are banks behind the times with ID......

Gavin / xpd / FastRaccoon / Geek of Coastguard New Zealand

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#2315418 12-Sep-2019 09:07

Likely to be related to anti-fraud requirements. I suggest taking whatever authoratative ID you have, even if expired, as it's all more evidence you are who you say you are. Drivers license, print an emailed bill, anything mailed to you, etc. If they say not good enough either follow their processes or go to another bank - who are likely to have similar requirements.

Everyone who works for a bank has to go through regular training around fraud, money laundering, etc, even if you work in tech don't do anything related to the business side of things. Banks have a LOT of regulatory requirements.

sen8or

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#2315419 12-Sep-2019 09:08

There is a whole raft of anti-money laundering legislation to do with crime and terrorism prevention that banks now have to comply with, even if you have been dealing with the same banker for years and they know your whole life story, they still have to abide by regulations.

Not just banks, but any entity involved with large financial transactions (real estate, solicitors etc)

michaelmurfy

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#2315420 12-Sep-2019 09:10

Banks need to ensure it is you opening the account as per the Anti Money Laundering act.

There are some banks (eg ANZ, BNZ) who have RealMe integration. But in person they need evidence.

Normally 1 form of primary ID (Drivers License, Passport) and a secondary form of ID (bank card with your name on it from another bank) should suffice.

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Handsomedan

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#2315432 12-Sep-2019 09:32

Proof of address is another that people skip up on...a rates bill or a printed copy of a power bill or similar would be a good idea.

Expired ID is no good for AML/CFT purposes. Take what you have that's current and as advised above - anything with your name on it, like a bank card/credit card etc.

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wellygary

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#2315449 12-Sep-2019 09:42

I honestly cant remember the last time I received anything from the govt via post

You will have both received a letter from the Electoral commission in the past month or two confirming they you are enrolled to vote in the local body election in October...

Also printed copies of e-bills from Spark. VF or a power company that contain you address are also usually acceptable

Geektastic

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#2315450 12-Sep-2019 09:42

I can't really see why an expired passport doesn't prove who you are...

sparkz25

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#2316425 12-Sep-2019 10:33

Geektastic:

I can't really see why an expired passport doesn't prove who you are...

It is A legal document issued to us by our Government! so it should be fine I would have thought expired or not!

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#2316440 12-Sep-2019 10:56

sparkz25:

Geektastic:

I can't really see why an expired passport doesn't prove who you are...

It is A legal document issued to us by our Government! so it should be fine I would have thought expired or not!

AML/CFT laws & rules are such that an expired document isn't acceptable. May seem stupid, but it's not able to be gotten around.

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SirHumphreyAppleby

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#2316444 12-Sep-2019 11:08

Usually passports are accepted as valid ID for a period after expiration. Not sure if it's good enough for the bank. BNZ wouldn't accept a 'receipt' from the IRD as proof of income, but that's what you get when your taxes are electronically filed. There was no original form to provide them with.

MurrayM

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#2316446 12-Sep-2019 11:11

wellygary:

You will have both received a letter from the Electoral commission in the past month or two confirming they you are enrolled to vote in the local body election in October...

Sure, and because my details were correct the letter was promptly thrown in the recycle bin! I bet not many people would think to keep this letter just in case they were asked to prove their identity at some future date.

xpd

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#2316450 12-Sep-2019 11:22

wellygary:

I honestly cant remember the last time I received anything from the govt via post

You will have both received a letter from the Electoral commission in the past month or two confirming they you are enrolled to vote in the local body election in October...

Also printed copies of e-bills from Spark. VF or a power company that contain you address are also usually acceptable

We were told had to be govt related - power/phone isn't.

Good point on the electoral letter..... dunno what happened to those tho :D

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sparkz25

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#2316453 12-Sep-2019 11:36

Handsomedan:

sparkz25:

Geektastic:

I can't really see why an expired passport doesn't prove who you are...

It is A legal document issued to us by our Government! so it should be fine I would have thought expired or not!

AML/CFT laws & rules are such that an expired document isn't acceptable. May seem stupid, but it's not able to be gotten around.

Oh well looks like you might just have to pop into the cop shop and book an appointment with them to accompany you to the bank to prove who you are at the bank, because that's what its starting to sound like is going to happen with all this AML/CFL that they are wanting to prevent

Geektastic

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#2316922 13-Sep-2019 08:25

Handsomedan:
sparkz25:

Geektastic:

I can't really see why an expired passport doesn't prove who you are...

It is A legal document issued to us by our Government! so it should be fine I would have thought expired or not!

AML/CFT laws & rules are such that an expired document isn't acceptable. May seem stupid, but it's not able to be gotten around.

It doesn't seem stupid. It is stupid.

Your identity doesn't change just because the date on your passport passes!

nzkc

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#2316924 13-Sep-2019 08:32

Geektastic: It doesn't seem stupid. It is stupid.

Your identity doesn't change just because the date on your passport passes!

Then why expire passports at all?

One reason is they get forged. And more recent versions include more and better anti counterfeit measures. The banks (and other organisations) are just piggy backing onto this.

Varkk

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#2316925 13-Sep-2019 08:39

Geektastic: It doesn't seem stupid. It is stupid.

Your identity doesn't change just because the date on your passport passes!

No, but an old photo might not accurately represent how you look now. Also anti-counterfeiting technology is improved so an older style ID is easier to forge than a new one. If people are going to ignore expiry dates, why bother having them?

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