Why would a UK mound obligation your National Insurance number when you want to overt a reserves narrative?

I don't mean an ISA, just a fixed-term deposit explanation. Far as I can see they have no need for that detail.
Answers:
Because they own to pay tax on the interest that you earn and they requirement your NI number for tax purposes.

-EDIT- If they don't pay levy, they will need to complete an R85 (Tax Exemption Form), which also requires their NI number. Again, it's all due related, but the bank will definately requirement to know their NI number, it's a regulation. Source(s): Bank employee


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