Chase Requesting W9 Form

Chase Requesting W9 Form – You owned real estate mortgage investment conduits (remics), collateralized debt obligations (cdos), widely held fixed income investment trusts (whfits) or unit investment trusts (uits). I recently switched jobs to work out of country so i'm wondering if that's why. The more likely explanation is that chase is attempting to verify op's identity. Does anyone know why my bank would be asking for this?

The bank correspondence encloses a phony form that purports to come from the irs and seeks detailed personal and financial data. I ask out of curiosity, since i've never received this request before. Not really sure why op is asking pf for advice, when a call to chase would clear things up much faster. Say that a lawyer settles a case for $1 million, with payment to the lawyer's trust account.

I already have my credit card. I asked why you need a taxpayer identification form to update your own system, and i was told that the form is used to update the system. i again explained that a w9 is not necessary to update your own system, and that she was not answering me, why do you need the form. Chase will obviously hard pull from at least one (the application authorizes them to pull all 3) of the 3 credit bureaus and in order to do that they need the ssn.

Jpmorgan chase and its affiliates do. Banks that pay you interest income must file a form 1099 int, interest income, with the irs reporting the interest you received on your bank accounts.to report the income, they’ll need your taxpayer identification number. Since the bank is required to report this information, it’s often standard procedure to request it when you’re opening an account, regardless of the type of account you’re.

The letter urges the recipient to fax the completed form to a specific number within 7 days or lose the reporting and withholding exemption, resulting in withholding of 31% on the account’s interest. Its seems w9 is any income paid by the bank. They put a hold on approval until i sent them these stuff.

I recently received a letter from chase, where i have a credit card. I had to send them copy of my ssn, driving license etc to get my credit card approved.

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D&F Innovative Solutions, LLC SCAM ALERT 🚨 If you get a letter like this please destroy and trash it. This is NOT a letter from the IRS. Scammer are sending out