To establish a new bank account we have to verify the necessary information to identify the cardholder. This means that you will need to provide personal information to complete your registration. Please note that this also helps us prevent identity theft and fraud.
Below you'll find a breakdown of the information we collect and how we protect it.
What information is needed to open a PODERcard bank account?
We may ask you for the following information at or after registration:
- Name
- Address
- Date of birth
- Identification showcasing address
- Cell phone number
Read our Terms and Conditions here
What methods of identification are accepted?
PODERcard offers you more options for applying to open a bank account. You'll be able to do so with one of the following identifications:
- Social Security Number (SSN)
- Taxpayer Personal Identification Number (ITIN)
- Passport (must still be valid)
Why is this information needed to open an account?
This information is collected strictly for the purpose of preventing the financing of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a bank account. Thus, when you request an account, we will ask you to complete the registration process during which you will be asked for the information mentioned in the previous section.
Read the Visa Debit Cardholder Agreement here
How do you protect my information?
To protect your personal information from unauthorized access and use, we apply security measures that comply with federal law. These measures include computer protections as well as securing files and buildings.
Do you share information with third parties?
Your information will not be sold to third parties without your express consent. We do not sell or share or transfer your personal information to external partners.
Can I apply if I am a resident of Puerto Rico?
We're sorry, the option to open a PODERcard account is not available for residents of Puerto Rico. Only people who can have the PODERcard delivered to an address within the United States territory can apply.
Welcome Tech dba SABEResPODER is not a bank. Banking services provided by Thread Bank, Member FDIC. The PODERcard Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted. PODERcard account opening is subject to identity verification by Thread Bank.
Your deposits qualify for up to a maximum of $3,000,000* in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
*See more here: https://go.thread.bank/sweepdisclosure.
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