Yieldstreet places great importance on keeping your information secure. We encrypt all personal information on our website and our technology team endeavors to utilize best practices for security sitewide. The identity information you provide on Yieldstreet is stored by our third-party providers, Footprint or Plaid, as applicable. Footprint and Plaid store all information submitted for KYC (Know Your Customer) purposes. This includes SSN/EIN numbers, along with other documents provided, such as government IDs or Trust Agreements, as applicable.
Why do I have to provide personal information (SSN/DOB/Address)?
Yieldstreet is required to complete identity verification procedures for know your customer (KYC) purposes. As such, we require you to verify personal information such as your address, date of birth, and SSN#. This information is also needed to produce a K1/1099 for each investment at year end.
All other information entered on our site is encrypted, and our team ensures that sufficient cyber security measures are in place. Additionally, Yieldstreet does not store banking information directly, instead storing it in a secure vault provided by Footprint. If users opt to provide their bank account login details when linking an external bank account via Plaid to our platform, the login provides a direct connection to your bank, and Yieldstreet does not ever see or store this information.
Learn more about how we approach platform security at Yieldstreet here.