At Envelope Money, we require your Social Security Number (SSN) on sign up to legally give you access to a US checking account and card.

The reason we require your SSN is that we are required to perform a Know Your Customer (KYC) check. KYC is a process that financial institutions use to verify the identity of their customers and ensure that they are not engaging in illegal activities such as money laundering, terrorism financing, or other financial crimes. This is a legal requirement that we must comply with, and it helps us maintain the integrity of our financial system.

We take several measures to keep your information secure, including using encryption and monitoring our systems for any suspicious activity. We understand that your privacy and security are important, and we take our responsibility to protect your information seriously.