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Why do you need my Social Security Number (SSN)?
Why do you need my Social Security Number (SSN)?
Diederik avatar
Written by Diederik
Updated over a week ago

Your Envel account is a FDIC insured and protected bank account. The government requires every bank to verify a customer's identity before opening an account. We don't perform a credit check, but like most banks, we use your SSN to verify your identity.

Envel takes your security seriously. All data is transmitted and stored with strong AES 256-bit encryption. Our ID scanning system is PCI DSS Level 1 compliant, we do not store full SSN numbers. We don’t compromise on your data privacy and security.

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