In our daily lives, it is essential to ensure that our savings and resources are well protected. In unforeseen situations, having the legal certainty to be able to defend one's rights is essential. In this context, the bank certificate of title plays a crucial role. If you have been asked for this document and do not know what it is or how to obtain it, read on for a better understanding.
What is the Certificate of Bank Ownership?
The bank ownership certificate is an official document issued by your financial institution confirming that you are the holder of a specific bank account. This certificate is necessary for various administrative and financial procedures, such as applying for grants, subsidies, contracting financial products (such as mortgages or loans) or even making payments for basic services such as electricity or gas.
Although it is not mandatory in all cases, it has become an essential tool to ensure transparency and security in financial transactions, as well as an ally in the fight against money laundering and organised crime.
Why is it important?
Law 10/2010, which establishes measures against money laundering and terrorist financing, obliges all bank accounts to have a defined ownership. This facilitates the identification of illegal activities and protects both individuals and society at large.