Replies

Your Question	Clear Answer
If I go into my bank branch in person, show my ID, and do a wire transfer, am I safe?	Yes. In-person with government ID is considered strong verification of identity and lawful presence. Your account will NOT be frozen under the new rules.
What is an example of an "app-based financial platform"?	Yes – PayPal is a perfect example. Others include: Venmo, Cash App, Zelle, Wise, Revolut, Chime, etc.
How will apps like PayPal verify my identity now?	They must now require: • Government-issued photo ID (driver’s license, passport, etc.) • Live selfie for facial matching • Sometimes full SSN or ITIN • Proof of lawful presence in the U.S. (citizenship or valid visa/residency documents) If you don’t complete this, the app will freeze or limit your account (no sending, receiving, or withdrawing).
Bottom line	In-person banking = safe and easy. Purely online/app accounts = you never verified in person = high chance of freeze until you upload strong ID proof.

Questions on 2 points in this part:

“3. Identity Verification Crackdown and Account Freezes

Your Question Clear Answer
If I go into my bank branch in person, show my ID, and do a wire transfer, am I safe? Yes. In-person with government ID is considered strong verification of identity and lawful presence. Your account will NOT be frozen under the new rules.
What is an example of an "app-based financial platform"? Yes – PayPal is a perfect example. Others include: Venmo, Cash App, Zelle, Wise, Revolut, Chime, etc.
How will apps like PayPal verify my identity now? They must now require: • Government-issued photo ID (driver’s license, passport, etc.) • Live selfie for facial matching • Sometimes full SSN or ITIN • Proof of lawful presence in the U.S. (citizenship or valid visa/residency documents) If you don’t complete this, the app will freeze or limit your account (no sending, receiving, or withdrawing).
Bottom line In-person banking = safe and easy. Purely online/app accounts = you never verified in person = high chance of freeze until you upload strong ID proof.

FOLD$PACE

So PayPal will now require -all- 3 of these:

Govt issued picture ID

Live selfie

(Sometimes SSN)

Proof of US citizenship