Why does Apple need my social security number for identity verification to add money?
Why is Apple asking for my social security number to verify my identity to add money?
[Re-Titled by Moderator]
iPhone 13 Pro Max, iOS 18
Apple is not asking, they are not a bank and has reason to ask for your SSN (Social Security Number). This has nothing to do with Apple Pay. Apple Cash is a financial instrument regulated by federal and state regulations.
Why is positive ID required?
The Patriot Act requires that lenders, banks etc obtain a confirmed ID.
“To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.”