Float offers both USD and CAD cards. This is exciting but comes with some regulatory requirements and responsibilities. Float is required to adhere to FinCen requirements for USA citizens and FINTRAC requirements for Canadian citizens.
As part of the Customer Identification Program (CIP), FinCen mandates financial institutions to collect the following information (at minimum):
- Full name (First and Last Name )
- Residential or Business Address
- Date of Birth
- Government-issued photo ID
- An identification number
Float uses the Social Security Number as an identification number.