Yes, when you apply for a Raisin UK Account, real-time electronic anti-money laundering and know your customer (AML/KYC) tools are used to verify who you are. These checks are carried out when you successfully register with us, but they may also be carried out by our partners when applying for a savings account.
Your identity is verified by comparing the information that you provide against the information held by various databases, taking into account your credit data and the UK national electoral register. Your identity is verified when you register for your Raisin UK Account, and again each time you apply for a savings account.
You may need to provide additional identification, such as a scan of your passport when applying for some savings accounts, depending on the partner bank’s requirements.