Financial regulation compliance
Protecting our customers and combating crime
Like all financial organisations, we're obliged by law to confirm the identity and
address of every applicant. We do this to help prevent money laundering and to protect
our customers from fraud.
These rules aren't just for new customers. Even if you've had an account with us
for some time, we may still check your details when you open a new account.
How we check your information
To meet our legal requirements, we search credit reference and fraud prevention
agency databases to check that the name and address details you supplied are correct.
This will show as a search of the database but it is not a credit score, so it will
not affect your credit rating.
In most cases this check lets us open your Birmingham Midshires account without
the need for any paper based identification. If we need any further proof of identification,
we'll let you know.