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Wish they explained this better:

"Please ensure this information is accurate. We're required to verify this information against public records. But don't worry, we'll keep it private."

I suppose I'm legally opening a bank account, which has similar requested info as this, but are they checking my credit (probably not, I know, but it makes me uncomfortable)? Will wait a while.

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You're right the language here should be better. FWIW, you're not opening a bank account and we aren't pulling a credit check (per our FAQ). We cross check the information as part of our AML / KYC policy.

What are those? EDIT: Probably some money laundering stuff?

Anti Money Laundering / Know Your Client

Anti Money Laundering / Know Your Customer

Not bank account, prepaid card account; which carries almost the same legal requirements of opening a bank account. Prepaid program managers are not required to credit check to establish the account.

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