Document background
A Recommendation Letter for Bank Account Opening is commonly required when individuals or businesses need to establish new banking relationships in the United States. This document is particularly important for those without extensive credit history, new residents, or businesses establishing their first banking relationship. The letter should comply with federal banking regulations and typically includes the recommender's professional credentials, their relationship with the applicant, and attestation of the applicant's character and financial responsibility. It serves as a supporting document in the bank's due diligence process and helps satisfy Know Your Customer (KYC) requirements.
