When you set up your new Chase Bank account, you’ll be asked if you want to link your Social Security Number (SSN) to the account in order to make it easier to do your banking online and over the phone. This article will show you how to link your SSN to Chase Bank and gain access to these convenient features.
For security purposes, you will need to provide chase bank with the Social Security Number (SSN) of the person who will be authorized to conduct transactions on the Chase Account. This is known as the Authorized User or AU on your account.
What Is SSN?
The social security number (SSN) is a special number used for tracking individuals for taxation purposes in The United States. Originally, it was intended to track employees for their retirement accounts. Because of increasing identity theft, many companies now use it as an identification number on individual bank accounts and credit cards.
An important thing to know about SSN is that it can’t be changed, once it’s issued, that’s what you’ll have until you retire. That’s why putting a lot of personal information on checks and other documents, including social security numbers, is really dangerous: someone could steal your identity if they got hold of those documents before you shredded them.
social security number is an essential part of life. You need it when you want to open a bank account, get a mortgage, buy car insurance, sign up for cable or internet service, apply for a credit card or seek any other kind of financial assistance.
When you look into companies that are willing to help you get started in building your own business from scratch, they will most certainly want some basic information from you and one of those things might just be SSN.
We strongly recommend that you do not reveal all info about yourself in public forums because identity theft is one of growing problems in USA. If someone steals or finds out your social security number, he can start accessing all kinds of data on your name.
Why You Need To Link Your SSN To Chase Bank?
when you open a bank account at chase, they will ask for your social security number (SSN). This is simply because of laws requiring all financial institutions to ask for SSN. Banks are required by law to keep track of and report all transaction of customers who have been involved in illegal activities and money laundering.
When you use chase bank online services, it needs certain information from you. To protect against fraud and in support of anti-money laundering regulations, chase bank requests some Personally Identifiable Information (PII) from customers.
The first piece of PII they request is your social security number (SSN). The second piece of PII they request is driver’s license or state issued identification card number. Chase will ask for additional forms of ID if any question arises regarding your identity verification.
But if you have no intention of using chase bank online services, then there’s absolutely no reason for giving chase a SSN or driver’s license/state issued identification card number.
The reason why Chase bank ask for SSN is because once an individual have had his or her ssn connected with their bank account then every transaction done by them will be recorded and monitored.
Can I Open A Chase Bank Account Without SSN?
If you’re unable to provide a social security number (SSN) or ITIN at opening, Chase bank need alternative documentation. As a replacement for an SSN or ITIN, they require one of the following documents:
- Original unexpired passport.
- Original unexpired consular identification card.
- Driver’s license issued by a U.S. state or territory that has not expired for more than two years.
Is It Compulsory To Link SSN To Chase Bank?
The answer is no, it’s not compulsory to link SSN to Chase Bank. In fact, there are many banks which don’t require customers to link their SSN in order to open an account with them. This option is specifically available in Chase bank as well.
You just need to register for an account with them and fill out a form which asks if you want to maintain one or not. But like any other bank, they also have some conditions and limitations related to that.
However, keep in mind that if there’s any money in your existing Chase accounts at closing, it will be transferred and added to your new checking or savings account automatically. In some cases you may not even need an SSN, as long as another form of identification is used (like driver’s license or passport). You can also use social security benefit payments as proof of ID if needed.
Does the information on SSN needs to tally with my chase account information?
Banks are required by law to get a customer’s full name, address, date of birth and Social Security number when they open an account. Why? Because it’s easier for them.
Banks can use these four pieces of information to identify customers across multiple accounts, so it is necessary the information in your SSN tally with your chase bank, so they can protect your information, they don’t have to search each one individually.
They can quickly and easily look at a customer’s credit history instead of combing through every single one of their accounts looking for transactions that might belong to that person.
Can I Change The SSN On My Chase Account?
Changing your SSN is not a simple process. If you want to change it, you’ll have to go through a couple of steps. Fortunately, if you simply need your account linked with another form of ID (like an SSN or driver’s license), that’s easy to do at any branch.
- To begin, simply visit any Chase branch in person and bring two forms of identification with you.
- You can also do most of these steps online as well. However, be sure to call and make sure there aren’t any special requirements in order for it all work properly. And make sure to keep these steps handy—you may need them someday!
Is It Safe To Link SSN To Chase Bank?
Some people are not comfortable sharing their SSN with anyone. Most Chase banks will allow you to set up accounts without a social security number. You can also keep an account open without a social security number by using an alternative ID.
The problem is that it is harder to verify your identity and credit history when you do not provide your social security number, and there may be a higher risk of identity theft if someone gets hold of your information.
If you decide to use an alternative ID, find out how difficult it will be for someone else (like a thief) to get into that information. Also see if there are any additional fees involved in opening or maintaining an account without using a social security number.
You can use any valid SSN, that are yours. That’s why they recommend to get a dependent card instead. Remember, you’ll need both a debit card and checking account for Direct Deposit. Your SSN must be on file with JPMorgan Chase before they can deposit your payments into that checking account.
How Long Does It Take To Verify SSN On Chase bank?
Linking a Social Security number to your chase bank is relatively easy and can be done in just a few minutes. You will need some pieces of information: A completed form with your name, social security number, date of birth, etc.
A document proving who you are (typically a drivers license). A second photo ID will work as well. An acceptable foreign passport or foreign driver’s license if you were not born in the US or do not have a drivers license from one of those states they are accepted from.
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How To Link SSN To Chase Bank Account
The linking SSN to an individual’s bank account varies with each bank. Below is how you can go about doing it for Chase
- First, log into your online banking system.
- Click on Profile in the main menu. You should see a tab that says Security Settings.
- Click on that tab and you will be brought to another page where you need to enter some information, including your SSN, address, and date of birth.
- Enter the required information and click the save changes button
This information is used by Chase to confirm that it is really you making transactions on their website.