important regulatory information
FOR BUSINESS OWNERS
At Univest, we are committed to keeping our customers informed of regulatory changes that may impact the way you do business with us. Effective May 11, 2018, federal regulations will require all financial institutions to obtain, verify, and record information about the beneficial owners of all legal business entities that establish new deposit or loan accounts with the bank or in circumstances deemed necessary by the bank.
What you need to know about beneficial ownership requirements.
An unexpired government issued identification document with photograph evidencing residence or nationality like a driver’s license or passport is required.
Changes effective May 11, 2018