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Identification Required for Savings Account Withdrawals

Published: November 2, 2010; 12:51 · (Vindobona)

Since November 1, the implementation of the EU directive on anti-money laundering is in force. Customers therefore need not only a password, but also identification for a savings account withdrawal.

Identification Required for Savings Account Withdrawals / Picture: © Vindobona.org

The requirement for identification when withdrawing from savings accounts was only in place for deposits over 15,000 euro (21,000 dollars). As of now, all account holders will have to identify themselves with an official identification having a photograph, such as a passport, identity card, or driving license in order to make a withdrawal.  In contrast, nothing changes for personal…

This article includes a total of 241 words.

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