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AmericasUnited StatesLicensed-entity research

The Northern Trust Company

The Northern Trust Company (Illinois-chartered bank entity; distinct from the holding company Northern Trust Corporation)

The Northern Trust Company is an Illinois-chartered, Federal Reserve member and FDIC-insured bank entity headquartered in Chicago; federal regulatory records place it under the Federal Reserve Bank of Chicago. Its website describes personal deposits, personal loans, and commercial banking services under private wealth management, primarily for high-net-worth individuals and families; public pages do not confirm that ordinary non-residents or foreign companies can all apply.

Regulator
The verified federal regulator is the Federal Reserve Board, with supervision through the Federal Reserve Bank of Chicago; the FDIC record also lists the Consumer Financial Protection Bureau (CFPB) as a secondary regulator. The FDIC classifies the bank as an Illinois-chartered, Federal Reserve member bank; its current Illinois charter record and state authority directory entry still require separate verification.
Check date
2026-10-26
Verify status
Some information is pending confirmation: FDIC BankFind and the Federal Reserve supervisory directory have been checked for The Northern Trust Company’s entity record, FDIC-insured deposit status, and Federal Reserve supervision information; the bank’s product pages have been checked for personal deposits, personal loans, and commercial banking service categories. Specific account-opening eligibility for U.S. residents and nonresident individuals, U.S. and foreign companies, complete document lists, address/TIN rules, current state-level charter directory, remote application methods, and specific fees/timeframes have not been confirmed by public materials.

Research scope and official resources

Topic number:americas-northern-trust-company

Retains the selection record: selected major U.S. custody/trust banking groups from The Banker Top 1000 World Banks 2026 (Tier 1 capital measure); no standalone ranking is claimed for The Northern Trust Company. This is in the context of publicly available major institutions from 2025/2026, not a real-time global top 100 ranking.

Bank’s official website

Personal Eligibility and Documents

The official U.S. wealth management page describes services for high-net-worth individuals and families, and the bank services page lists personal deposits and personal loans. This confirms product/service categories and the target customer description, but does not publish account eligibility, minimum asset thresholds, or residency rules applicable to all applicants. Whether U.S. residents can apply for a specific deposit product must be confirmed with the bank based on the product and customer circumstances. The official website has not confirmed whether non-U.S. residents, nonresident aliens, or holders of overseas addresses can open personal deposit accounts with this U.S. bank entity, nor has it disclosed restrictions based on nationality, residence, tax residence, or address.

Personal information publicly disclosed or identified

  • The official website has published categories of personal deposit and personal loan services, but the U.S. pages reviewed do not provide a complete checklist of personal account-opening documents, identity requirements, or an application form. Do not present the general preparation suggestions below as Northern Trust policy. Sources: s1, s2.
  • General preparation suggestion (not a published policy of the bank): Prepare valid government-issued identification, legal name and date of birth, current residential/contact address, and taxpayer identification number details applicable to your tax status. U.S. customer identification and customer due diligence rules provide the legal baseline for these identity-verification items; the bank should confirm the specific identification documents, translation/certification requirements, and proof-of-address requirements it accepts. Sources: s5、s6。
  • Tax forms should be determined by status and the nature of the payment, rather than universally treated as deposit account-opening documents: U.S. persons may use Form W-9 when required by a payer/information return filer; foreign individuals may submit Form W-8BEN when U.S. withholding tax documentation applies. The IRS’s descriptions of the purposes of these two forms are not Northern Trust account-opening document policies. Sources: s7, s8.

Company eligibility and documents

The official U.S. banking services page lists commercial banking services, but the pages reviewed do not publish complete eligibility standards or an application document list for new company deposit accounts. The U.S. pages reviewed do not confirm whether U.S. start-ups, foreign-incorporated companies, their branches, or businesses in specific industries are accepted, or whether an existing wealth management, custody, or credit relationship is required. Northern Trust also describes services for businesses, but this does not imply that overseas businesses can open U.S. deposit accounts at The Northern Trust Company. The bank should confirm eligibility in writing for the specific entity seeking to open an account.

Company information publicly disclosed or identified

  • The official U.S. banking page lists commercial banking services, but the page reviewed does not provide a complete business deposit account-opening checklist or specify requirements for foreign-owned or foreign-incorporated businesses. Source: s1.
  • General preparation suggestion (not a published policy of the bank): You may organize company registration/existence and organizational documents, tax identification information, account-signing authorization, control and ownership structure, identity details for beneficial owners and controllers, the nature of the business and expected account purpose, and materials explaining the source of funds. FinCEN rules require regulated financial institutions to conduct risk-based customer due diligence and, as required by law, identify beneficial owners of legal entity customers, but Northern Trust’s case-specific requirements and accepted formats are not public. Sources: s5、s6。
  • Tax status forms should be specified by the bank according to the account and payment/reporting circumstances: tax identification number information for U.S. entities may involve Form W-9; where U.S. withholding tax status documentation applies to a foreign entity, the IRS uses Form W-8BEN-E as documentation of foreign entity status. Neither means the bank requires all business account applicants to submit that form. Sources: s7, s9.

Address, tax, and remote / witnessed procedures

Address and tax

The website reviewed for this research does not publish the types of address proof accepted, country restrictions on addresses, or a unified list of tax identification numbers for personal and business account opening. TIN information for U.S. individuals/entities may include W-9. For foreign individuals or foreign entities involved in payments subject to U.S. withholding or reporting, the IRS provides W-8BEN or W-8BEN-E status documentation, respectively. Whether an SSN, ITIN, EIN, foreign TIN, or tax-residency declaration is required must be confirmed by the bank based on the account, customer identity, and nature of the payments; the purpose of a tax form must not be equated with account-opening eligibility. The United States handles relevant cross-border tax information through the FATCA framework; this does not mean that the United States has joined the OECD CRS. The OECD CRS MCAA signatory list reviewed identifies signatory status as of 2025-03-13 and does not list the United States. Sources: s6–s11.

Remote / witnessing

The official website states that Private Passport/Wealth Passport can be used to manage accounts and lists contact details for online account assistance in the United States and Canada. This feature only evidences account management/technical support for existing customers; it does not establish support for opening new accounts online. The public pages do not confirm global video account opening, remote identity verification from abroad, remote notarization, or arrangements for third-party witnessing. Whether individuals or businesses must visit a branch, whether documents may be mailed or signed electronically, and witness eligibility all require written confirmation from the bank. Sources: s2, s13.

Public process reference

  1. Public information does not list formal account-opening steps applicable to all individuals or companies. The following is a suggested order for enquiries, not an application process promised by the bank.
  2. Use the Wealth Management contact link on the official website to inquire about services, and specify whether you intend to apply for personal deposits, personal loans, or business banking services from The Northern Trust Company. The contact page provides a service inquiry channel and online account support information, but does not promise that an account can be opened. Source: s13.
  3. Before submitting documents, ask the bank to confirm in writing whether the applicant’s place of residence/registration, product and currency are eligible, whether an advisory relationship must be established, and the full requirements for identification, address, tax, beneficial ownership and authorization documents. Overseas applicants should separately confirm whether remote processing is available and the signing/witnessing arrangements.
  4. Obtain the product disclosures, fee schedule, minimum balance/deposit requirements, transaction restrictions and expected processing steps currently applicable to the specific account before deciding whether to apply; this profile does not confirm any specific rates, minimum amounts or processing times.

Compliance topics, details, and sources

U.S. AML/KYC and Customer Identification

U.S. banks are subject to the Bank Secrecy Act and customer identification/due diligence requirements. FinCEN explains that covered financial institutions must establish procedures to identify and verify customers and beneficial owners, understand the purpose of customer relationships, and conduct ongoing monitoring. The statutory baseline does not mean Northern Trust has publicly disclosed specific documents, risk thresholds, or application procedures. Sources: s5, s6.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule ；FinCEN — CDD Rule FAQs

Legal-entity beneficial owners, controlling persons, and source of funds

The FinCEN CDD Rule generally requires identifying individuals who directly or indirectly hold 25% or more of the ownership interests in a legal entity customer, if any, and one individual with significant managerial or control responsibility, and verifying identities through risk-based procedures. FinCEN issued account-opening relief on 2026-02-13, allowing financial institutions, subject to the conditions in the rule, to choose not to repeat verification at every new account opening; whether to use it is up to each institution. Banks may inquire about business purpose and expected activity or request source-of-funds materials based on risk; Northern Trust’s specific requirements and use of the relief have not been disclosed. Sources: s5, s6.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule ；FinCEN — CDD Rule FAQs

U.S. Tax Status, FATCA, and CRS

The IRS explains FATCA reporting of U.S. account/asset information by foreign financial institutions and certain foreign entities, and provides corresponding tax-status forms for U.S. persons and foreign individuals/entities. Form W-9 is used to provide a correct TIN to a payer required to file an information return with the IRS; W-8BEN and W-8BEN-E are respectively status documents for eligible foreign individuals and foreign entities, not a universal requirement for all deposit account applicants. The United States is not listed in the OECD CRS MCAA signatory list as of 2025-03-13, so this file does not claim that the United States participates in CRS; the tax forms and information-reporting treatment for a specific Northern Trust account still need to be confirmed. Sources: s7–s11.

Source:IRS — About Form W-9 ；IRS — About Form W-8 BEN ；IRS — About Form W-8 BEN-E ；IRS — Foreign Account Tax Compliance Act FATCA ；OECD — Signatories of the CRS Multilateral Competent Authority Agreement

U.S. Sanctions Screening

OFAC enforces U.S. economic and trade sanctions. Specific programs may block the property of particular persons or restrict transactions with particular regions or parties, and U.S. persons are subject to applicable sanctions programs. This legal baseline means that transactions and relationships may be subject to sanctions review, but the Northern Trust product page reviewed did not disclose its screening lists, processing thresholds, or case-review procedures. Do not evade screening in any way. Source: s12.

Source:U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

Account Opening Compliance Information

Account Opening Compliance and Document Preparation Guide

This page lists separately the requirements published by the bank, local regulations, and document preparation suggestions. Acceptance and specific requirements are subject to confirmation by the bank.

This guide covers only inquiries about U.S. deposit accounts at The Northern Trust Company. The bank’s public disclosure directory lists deposit account terms and account disclosure/fee documents, but does not publish a uniform application checklist. Eligibility, available products, and acceptance of foreign customers for personal deposits and business/institutional relationships cannot be inferred from the directory or the Group’s custody business; the bank must first confirm the specific applicant and product.

Date information checked:2026-10-26

Document Preparation Checklist

Personal identity, address and tax status

Who it applies to
For individual deposit applicants to prepare; it has not been publicly confirmed whether non-U.S. residents or people with an overseas address may apply.
Documents to Prepare
  • Prepare valid government-issued identification and confirm the legal name and date of birth. Individuals from overseas may prepare their passports and information about the issuing country.
  • Prepare verifiable information on your actual residential/contact address, and record the reason if it differs from the address on your identity document.
  • First list tax residence and available TINs, and ask which tax forms the bank will specify for the particular product. Do not assume in advance that any one form is required to open an account.
Description
This is KYC preparation guidance, not a fixed checklist published by Northern Trust. Although the bank’s disclosure index lists deposit terms and fee documents, it does not specify acceptable identity documents, the required recency of proof of address, certification/translation requirements, or non-resident eligibility; confirm before the appointment whether originals, certified copies, and electronic submissions are acceptable.

Source:Northern Trust — Banking Disclosures；FinCEN — Information on Complying with the Customer Due Diligence Final Rule

Company legal entity and control/ownership chain

Who it applies to
Preparation guidance for U.S. or foreign legal entities applying for deposit accounts; whether foreign entities are accepted and whether the bank accepts specific entity types have not been publicly disclosed. Not applicable to individual applicants.
Documents to Prepare
  • Prepare proof of registration/continued existence, articles of association or organizational documents, registered address, and tax identification information.
  • Prepare an organizational chart showing direct and indirect ownership percentages at each level, and identify the ultimate natural person owners and those able to represent or control the entities.
  • Prepare a board/member resolution or other authorization, the signatory’s proof of identity, and the authorization for a representative to open the account on the applicant’s behalf.
Description
The above is suggested preparation material to help the bank verify the customer and authority to act; it does not represent bank-published requirements for company account documents, state-specific requirements, or document validity periods. FinCEN's CDD rule establishes a framework for identifying and verifying beneficial owners of legal entity customers of covered banks. Banks may determine the specific verification method in accordance with the rules and their risk procedures.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs

Business, explanation of expected funds and source of wealth

Who it applies to
Individuals and businesses should prepare according to the actual intended use of the account; Northern Trust has not publicly stated whether proof of source of wealth is required to open a deposit-only account.
Documents to Prepare
  • Prepare a one-page account use explanation covering the main sources of incoming funds, payment recipients/regions, currencies, frequency and expected amount ranges.
  • You may prepare, as applicable, evidence of sources such as income, proceeds from asset sales, investment distributions, or business income, or contracts, invoices, financial statements, and fund-flow documents.
  • For cross-border payments, it is advisable to document counterparties, relationships, relevant jurisdictions, and the business purpose. The information should match the transactions actually expected.
Description
These are preparatory suggestions to support risk assessment and any subsequent explanations, not item-by-item submission requirements expressly stated by the bank. Do not fabricate account statements, transactions, or source-of-wealth documents. The bank’s specific requirements, relevant period, and accepted types of evidence must be confirmed case by case.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs；U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

Due diligence and enhanced verification

Customer identification and verification

Basis for Verification
FinCEN explains that banks subject to CDD rules must have reasonable procedures to identify and verify customer identities, understand the nature and purpose of customer relationships, and develop risk profiles. This is the U.S. regulatory baseline, not a list of specific identification documents, in-person verification, or address documents published by Northern Trust.
Preparation recommendation
It is advisable to prepare identity information separately for each individual or entity, along with an explanation of any inconsistencies. If names, registration numbers, addresses, signing authority, or tax details do not match, prepare official change records or a brief explanation, and ask the bank whether it accepts non-English documents and what translation/certification formats it requires.
Scope
Local regulations; applicable to financial institutions and customer relationships covered by the rules. Specific bank document formats are not public.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs

Beneficial owners and controlling persons of legal entities

Basis for Verification
The FinCEN CDD definition generally covers natural persons who directly or indirectly hold 25% or more of the ownership interests in a legal entity customer, if any, as well as one natural person with significant managerial or control responsibility. The 2026 account-opening relief allows financial institutions to decide whether, under specified circumstances, they will forgo repeated identification and verification at every new account opening; whether to use it is up to each institution, so it should not be assumed that the bank will waive inquiries or necessarily repeat them.
Preparation recommendation
It is advisable to trace ownership through multiple layers to natural persons, listing each layer's percentage, control relationships and reasons for structural complexity. Prepare the names, dates of birth, addresses and identity documents of relevant persons, and designate an authorized contact who can explain the structure. This threshold is described only within the scope of the applicability of U.S. CDD rules; it is not a universal global threshold, nor a commitment by the bank to collect information only on holders of 25%.
Scope
Official interpretation of U.S. regulations/FinCEN; banks may adopt more stringent procedures based on risk.

Source:FinCEN — CDD Rule FAQs

Business purpose, source of funds and ongoing risk verification

Basis for Verification
FinCEN requires covered institutions to use a risk-based approach to understand the nature and purpose of relationships, continuously monitor for suspicious transactions, and maintain and update customer information based on risk. The FAQs state that the rules do not require all customers to provide anticipated activity information or mandate a single risk-classification method; the bank's specific triggers for requesting additional documents have not been disclosed.
Preparation recommendation
The applicant can match the expected pattern of incoming and outgoing funds to contracts, financial records, or evidence of asset origin. If transaction volumes, countries/regions, or counterparties differ significantly from what was stated when opening the account, prepare verifiable commercial context and supporting evidence, and proactively ask whether information needs to be updated.
Scope
U.S. regulatory framework; financial institutions determine the actual risk assessment and scope of information under their own procedures. This should not be treated as a document checklist expressly stated by Northern Trust.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs

Sanctions screening and politically exposed person information

Basis for Verification
OFAC explains that U.S. sanctions restrict or prohibit transactions with specified persons, regions, or parties according to the applicable program; some restrictions cannot be assessed solely by checking names against a list. This material does not reveal Northern Trust’s screening lists, escalation reviews, PEP standards, or approval outcomes. PEP status itself should not be equated with a sanctions-list match.
Preparation recommendation
If a customer, beneficial owner or counterparty is connected with public office/a politically exposed person, a sanctioned jurisdiction or a possible name match, it is advisable to prepare information distinguishing their identity, details of their position/term, the background to funds and transactions, and the basis of any lawful authorization, and to answer the bank’s questions truthfully. Do not attempt to evade screening.
Scope
Applicable U.S. sanctions laws administered by OFAC and recommendations on preparation for review; Northern Trust’s policy for individual cases has not been confirmed.

Source:U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

Ongoing Compliance Requirements After Account Opening

Keep customer and beneficial owner information accurate

FinCEN requires covered institutions to maintain and update customer information based on risk, but does not prescribe a standardized review schedule for the bank's different account types. As a practical preparation measure, account holders should respond promptly to reasonable bank requests for information verification and ask the bank how to report changes to ownership, control persons, authorized signers, address, or tax status. Specific notification deadlines and channels are governed by the account documents.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs

Maintain consistency between transactions and account purpose

Regulations require banks to monitor transactions on an ongoing basis to identify/report suspicious activity. Applicants should keep contracts, invoices, payment instructions and source-of-funds records for large or cross-border transactions, and be prepared to explain changes in transaction patterns or business purpose. This is a prudent record-keeping suggestion; it does not mean regulations require customers to proactively submit documents to Northern Trust at fixed intervals.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — CDD Rule FAQs；U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

Review of account terms, notices and fees

The bank’s published directory lists deposit account terms, account descriptions/fees and documents concerning change notices. The terms’ body text could not be accessed in this public retrieval, so no assumptions are made about address change procedures, notice periods for disputes, fees or customer obligations. After opening an account, retain the applicable version and notices, and confirm with the bank how to obtain information about changes, periodic reviews and fee schedules.

Source:Northern Trust — Banking Disclosures

Please confirm with the bank before booking

  1. Does The Northern Trust Company accept applications for the specific deposit product? Do the applicant's place of residence/company registration, nationality, tax-resident status, or overseas address affect eligibility?
  2. For this type of account, what documents must be submitted by individuals, entities, beneficial owners, controlling persons, and authorised signatories, respectively? Are copies, electronic documents, foreign notarisation/legalisation, and translations of non-English documents accepted?
  3. Can individuals overseas or companies registered overseas apply remotely? Is an in-person visit, interview, or bank-specified identity verification method required?
  4. How does the bank define the beneficial owners and controllers for this application? Will it verify them again each time a new account is opened, or require updates in response to which changes or risk circumstances?
  5. For this customer and proposed business, is it necessary to explain source of wealth, source of funds, expected incoming and outgoing payments, transaction regions or PEP connections? What documents may be used as supporting evidence?
  6. Please provide the currently applicable account-opening documents, account terms, fees/minimum balance, and estimated application steps, and explain how and when to report changes to address, ownership, and tax status after account opening.

Not confirmed by public information

  • Public information does not confirm whether ordinary individuals, non-U.S. residents, holders of overseas addresses, or foreign companies can open a deposit account with the bank, or whether eligibility conditions such as minimum assets or an existing customer relationship apply.
  • No complete application-document list, accepted identity documents, proof-of-address validity period, document certification/translation rules, in-person or remote account-opening arrangements, or separate beneficial ownership forms for individuals/companies has been published.
  • It has not been confirmed whether the bank applies FinCEN’s 2026-year exception relief when opening new accounts. Its risk-tiering, supplementary documentation standards for source of wealth, PEP review outcome rules, and periodic review frequency have not been publicly disclosed.
  • The bank’s public disclosure index was accessible for this research, but the contents of the deposit agreement and fee PDF could not be verified from the publicly extracted results. Account-opening fees, minimum balances, account maintenance fees, service timelines, and requirements for notifying the bank of account changes must all be confirmed against current documents obtained from the bank.

Sources & Scope of Verification

  1. Northern Trust — Banking Disclosures

    The bank’s disclosure index I accessed lists Notice of Change, Deposit Account Terms & Conditions, and Account Descriptions & Fees. The index confirms that these documents are publicly listed, but does not disclose account opening requirements or provide the text of the terms or exact fees on that page.

  2. FinCEN — Information on Complying with the Customer Due Diligence Final Rule

    FinCEN explains that core CDD requirements include customer identification and verification, understanding the nature and purpose of the relationship, ongoing monitoring for suspicious transactions, and maintaining and updating customer information based on risk; it also outlines applicable institutions and standards for legal-entity beneficial owners.

  3. FinCEN — CDD Rule FAQs

    I reviewed FinCEN’s FAQ, updated 2026-05-06, and checked the definition of a 25% equity owner and one controlling person, the information to be collected, and risk-based verification. The FAQ explains that relief under the account-opening exception dated 2026-02-13 is at the financial institution’s discretion, and notes that there is no single fixed requirement for how information about expected activity must be collected.

  4. U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

    I reviewed OFAC’s official sanctions overview, which confirms that sanctions programs can restrict specific persons, entities, regions, and transactions, with rules varying by program. This source does not disclose Northern Trust’s internal screening, PEP, or individual-case approval policies.

Fees and timelines

The official product/consultation pages reviewed do not verify the exact account-opening fee, monthly account fee, minimum deposit/balance, transaction limits or processing time applicable to this applicant. The official deposit account disclosure document has a title referring to account descriptions and fees, but this review could not extract verifiable specific fee figures from the PDF, so no amounts are cited; request the current fee schedule and terms for the specific product.

Limitations and practical considerations

  • The bank’s official website positions its U.S. wealth management services for high-net-worth individuals and families. This positioning is neither a verified quantitative account-opening threshold nor evidence that ordinary retail individuals will necessarily be rejected. The specific client profile and relationship requirements must be confirmed with the bank. Source: s2.
  • The U.S. account-opening information reviewed does not confirm whether non-U.S. resident individuals, foreign companies or applicants using a foreign address can be accepted. Do not equate pages about global business/custody services with acceptance of global customers for deposit accounts by this U.S. entity.
  • The online account portal only confirms account management/support functions; remote account opening, video identity verification, worldwide witnessing, or third-party witnessing have not been confirmed. Sources: s2, s13.
  • FDIC Cert #913 is a deposit insurance record number. This verification does not provide a state charter number or mean that the full balance of any particular account is necessarily covered by deposit insurance.
  • Public regulatory/product materials do not establish that Rengangyongsheng (Hong Kong) Limited currently has an appointment channel with the bank, an agency relationship, or any guarantee of account approval.

Licensing evidence and regulatory verification

The FDIC BankFind institution details for The Northern Trust Company (data as of 2026-10-23) show that it is FDIC-insured and has been an insured depository institution since 1934-01-01, FDIC Cert #913, classified as “State Chartered Banks, member of the Federal Reserve System (FRS),” with the Federal Reserve Board as its primary federal regulator and the CFPB as its secondary regulator. The Federal Reserve’s list of state member bank supervisors as of 2026-07-31 lists Northern Trust Company, The, Chicago, IL, RSSD 210434, under the Federal Reserve Bank of Chicago. Together, these records verify the legal bank entity, its FDIC-insured depository institution status and its Federal Reserve supervisory relationship. 913 is the FDIC deposit insurance certificate number, not a state bank charter number. No Illinois state charter document or current state-level register entry was obtained in this review, and the bank is not mischaracterized as an OCC national bank.

The verified federal regulator is the Federal Reserve Board, with supervision through the Federal Reserve Bank of Chicago; the FDIC record also lists the Consumer Financial Protection Bureau (CFPB) as a secondary regulator. The FDIC classifies the bank as an Illinois-chartered, Federal Reserve member bank; its current Illinois charter record and state authority directory entry still require separate verification. Official registration or record

Information sources

  1. Northern Trust — Banking Services

    A U.S. wealth management bank services page lists Personal Deposits, Personal Lending, and Commercial Banking; the text describes bank advisers and categories of personal/business services. The page does not publish a complete list of account-opening eligibility requirements or documents.

  2. Northern Trust — Private Banking & Wealth Management for High Net Worth Families

    The U.S. wealth management page describes the business as serving high-net-worth families and lists Banking Services (deposits and loans) and Private Passport account management features; it does not thereby confirm eligibility for nonresident account opening or online new account opening.

  3. Federal Reserve — State Member Banks Supervised by the Federal Reserve

    The Federal Reserve supervisory directory lists Northern Trust Company, The, Chicago, IL, RSSD 210434, under the Federal Reserve Bank of Chicago; the directory explains that Reserve Banks supervise state member banks under delegated authority.

  4. FDIC BankFind Suite — The Northern Trust Company, FDIC Cert #913

    The institution record shows its exact name, data as of 2026-10-23, its status as an FDIC-insured depository institution (since 1934-01-01), certificate number 913, its status as an Illinois-chartered Federal Reserve member bank, its primary federal regulator, the Federal Reserve Board, and its secondary regulator, the CFPB.

  5. FinCEN — Information on Complying with the Customer Due Diligence Final Rule

    FinCEN explains the requirements for customer identification, beneficial owner identification, understanding relationship purpose, and ongoing monitoring under U.S. CDD rules for regulated financial institutions, and explains the 25% ownership and control-person standards.

  6. FinCEN — CDD Rule FAQs

    FAQ update to 2026-05-06 explains beneficial owner information and risk-based verification for entity customers, and states that the account-opening exception relief on 2026-02-13 is at the financial institution's discretion.

  7. IRS — About Form W-9

    The IRS states that Form W-9 is used to provide a correct taxpayer identification number to a payer required to file an information return with the IRS, and the page lists information-reporting situations such as income.

  8. IRS — About Form W-8 BEN

    The IRS states that a foreign individual submits Form W-8BEN to the withholding agent or payer when the individual is the beneficial owner of amounts subject to withholding; it is not intended for all deposit account openings.

  9. IRS — About Form W-8 BEN-E

    The IRS states that Form W-8BEN-E is used by foreign entities to certify their status under relevant chapters of U.S. tax law; this does not mean that every foreign entity opening a deposit account must submit it.

  10. IRS — Foreign Account Tax Compliance Act FATCA

    The IRS explains the FATCA reporting framework concerning foreign financial institutions, certain foreign entities, and U.S. account holders, and links to implementation resources for financial institutions, individuals, and governments.

  11. OECD — Signatories of the CRS Multilateral Competent Authority Agreement

    The official OECD signatory list is marked as current as of 2025-03-13; the United States is not listed. This list is used to explain that the United States cannot be described as a CRS MCAA signatory; no inference is made from it about individual reporting outcomes at Northern Trust.

  12. U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

    OFAC explains its role in U.S. economic and trade sanctions, possible forms of asset blocking and transaction prohibitions, the scope of persons subject to restrictions, and applicable limitations; it does not disclose Northern Trust’s specific list-screening policies.

  13. Northern Trust — Contact Us, Wealth Management

    The official website provides a contact option for wealth management services and a support telephone number and service hours for Private Passport/Wealth Passport accounts. This is contact and existing-account support information, not evidence of account-opening acceptance, remote witnessing, or application processing times.