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When accepting new account applications do both the parent and the child always need to be identified at account opening?

April 26, 2017accepting account applications child opening parent

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When accepting new account applications do both the parent and the child always need to be identified at account opening?

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A. Yes, both the parent and the child are to be identified. In the past, only the parent of child was identified, but we are now required under Commonwealth laws to identify both parties. Existing Commonwealth Bank customers do not need to complete the additional identification form.