Skip to main content
All CollectionsAccount Security & Verification
Why Does Monorail Need My Social Security Number (SSN)?
Why Does Monorail Need My Social Security Number (SSN)?

Monorail requires SSNs for identity verification and compliance. Learn why and how we protect your data.

Meghann Perkins avatar
Written by Meghann Perkins
Updated over 3 weeks ago

Monorail is required by the USA PATRIOT Act to collect and retain your Social Security Number (SSN) for identity verification and regulatory compliance.

Why This Is Necessary

Identity Verification – Ensures you are who you say you are and prevents fraud.
Financial Regulations – Federal law requires investment platforms to collect SSNs for tax reporting and anti-money laundering compliance.
Account Security – Helps protect your funds and prevent unauthorized access.

How We Keep Your Information Safe

We use bank-grade encryption and security protocols to keep your personal information private and protected at all times.

🔒 Your SSN is securely stored and never shared with third parties.

If you have any concerns about providing your SSN, feel free to contact Monorail Support for more information.

Did this answer your question?