Forum Discussion

ricklord2001's avatar
ricklord2001
Explorer
Oct 30, 2015

Another Patriot Act Issue

A while ago I had an issue with a Kohl's credit card that I had they needed a verification of address and my St Brendans Isle mailing address had been flagged as a commercial mailing account. I really didn't want the card, my wife had signed me up for it, so I just canceled it no problem. Well we just got a letter from one of my wife's retirement accounts with the same issue they will not accept the Commercial mailing address. now the kicker all funds have been frozen in that account until we can provide a valid, non commercial address. Luckily we don't need the money right now and are currently
having a house built that should be complete by the end of the year.
BUT if this happens to my Bank Account or any of the several other accounts we have we could be for lack of a better term screwed.
I just spoke to the owner of the mailing service and he said he's never heard of anyone having there account placed on hold because of this, we're going to call and talk to management, hopefully we'll be able to resolve this. I'll update if anyone is interested.
  • If this is a Patriot Act issue, then it's probably the financial institution's CIP (Customer Identification Program).

    If they don't accept a commercial address, then they should accept the address of your next of kin as the Patriot Act requires.
  • YES.......mail forwarding address are classified as 'commercial' address.
    They ARE a business after all.

    This same issue has happened with Medical Insurance & Investment Brokers.

    First .....
    Call and discuss with them your Mail Forwarding Address. IF still NO ask about a PO Office BOX or a Private Box with UPS etc.

    IF still NO...........use the address for house being built.
    You obviously have 'ties' to that house as it is being built for you
    (Or do you mean a house in housing track that are being developed?)
  • I guess you all haven't heard about the Patriot Act this isn't a scam. This is something the US Government put in place. Granted I thing this particular institution is taking it literally but this is not the first time our service has been hit with this it's quite common. Do a search on here of Patriot Act.
  • Not sure what a commercial address is, other than a physical business building. Get a P.O. box. Call and ask for determination and what prompted this. Sounds very suspicious. Contact retirement fund, they may not even know. Sounds like scam.
  • Can't use the address of the house as we haven't closed yet.

    One other thing it seems to be a random thing as my wife's credit card wasn't affected when they flagged me.