its strange alright as I mainly want the account as they have better online banking than BOI and free charges with less conditions. I dont plan in the short term to get a NIB credit card, loan or something that they would need proof that I have income to pay it off.
I presume that individual financial institutions are entitled to have their own id/documentation requirements over and above the mandatory ones? Where a potential customer baulks at such additional requirements then they might want to shop around and open an account elsewhere where the documentation requirements are not so onerous.
Who exactly do you mean by "we"? NIB? Rabo? Banks in general?We are very strictly regulated
Thanks - I didn't realise that you worked for BoI. As mentioned above I presume that individual financial institutions are perfectly free to ask for additional documentation over and above the minimum money laundering requirements?I work for BoI & the rules that apply to us would apply to all financial institutions. Perhaps how they apply them varies?
Is this because they are regulated by the Dutch Central Bank or something?Rabodirect have slightly different (statutory/regulatory) requirement to other banks as far as I am aware, or so they say in a recent post, hence the need to ask for a PPS number etc.
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