Yes. Credit institutions may open a deposit account provided that the customer provides all the required identification details and provides supporting documentation for the following information, at least:

• In the case of natural persons, a photograph, full name, signature, date of birth, nationality stated in the identification document and the type, number, expiry date and issuer of the identification document;

• In the case of legal persons or legal arrangements, the name, object, full address of the registered office and, where applicable, the full address of the branch or permanent establishment registered as account holders, the legal person identification number or equivalent number issued by a foreign authority and the identification details of the members of the management board or equivalent body in addition to other relevant senior officers with managerial powers.

All required identification must be provided within a maximum period of 60 days of the date on which the identification details were first submitted and registered. Until the customer provides the other information, credit institutions may not:

• authorise any debit and, in certain circumstances, credit transactions on the account;

• perform any transactions using the payment instruments associated with the account (for example, cheques or debit cards);

• allow changes to ownership of the account.

If the bank customer is unable to provide all the identification details required within the aforementioned 60 days, the credit institutions will immediately terminate the business relationship, closing the deposit account.