Can I collect bank account information from participants in Illinois? What are the requirements?

Based on the provided documents, it is not clear whether you can collect bank account information from participants in Illinois. However, there are some relevant information that can help you understand the requirements for opening a bank account in Illinois.

According to ^[1], if you need an affordable and convenient bank account for direct deposit, you can consider opening a Bank On certified account. Bank On certified accounts are safe, affordable, and convenient. They allow you to receive your money faster, have NO overdraft fees, and low minimum balance requirements. There are 30+ certified, no overdraft Bank On account options in Illinois. To view the list of all the Bank On partners and each bank product’s specific details, visit Bank On Illinois. If you live in Chicago, you can view more options through Bank On Chicago.

^[2] states that you do not need a REAL ID DL/ID to open a bank account.

Therefore, it is recommended that you contact the bank or financial institution directly to inquire about their specific requirements for opening a bank account and collecting bank account information.

In summary, it is not clear whether you can collect bank account information from participants in Illinois. However, you can open a Bank On certified account without a REAL ID DL/ID.

Source(s):

• [1] Banking Options
• [2] You DO NOT NEED a REAL ID DL/ID to do any of the following …

Jurisdiction

Illinois

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