PostIdent is a verification process introduced by Deutsche Post to meet the identification requirements of banks and other institutions in Germany. The literal translation in English is “Post Identify”.
What is “PostIdent”?
PostIdent is a service provided by Deutsche Post AG that allows individuals to prove their identity in a secure and reliable manner. This procedure is commonly used in Germany for various purposes, such as opening a bank account, obtaining a PIN letter for health insurance cards, or participating in financial services. It is a crucial part of the Know Your Customer (KYC) protocols to prevent fraud and money laundering, complying with the EU Directive 2015/2366 on Payment Services (PSD2)[1][2][3][4][5].
More information about “PostIdent”
The PostIdent process can be completed offline at a post office or online, and it involves presenting an official document, such as an ID card or passport, to a postal worker. The identity of the person is then verified against the presented document. This service is typically free of charge for the customer, as the fees are usually covered by the contracting party, such as a bank or financial service provider[1][4][6][7].
Related to “PostIdent”
Here are some additional terms that are related to PostIdent:
- VideoIdent: A digital alternative to PostIdent, allowing identity verification via a video connection[3].
- KYC (Know Your Customer): Protocols used to verify the identities of clients, particularly in the financial sector, to prevent illegal activities[1].
- PSD2 (Payment Services Directive 2): European legislation aimed at increasing the security of payment services across the EU[1].
- eHealth card: A health insurance card in Germany that can be activated using the PostIdent procedure to receive a PIN letter[2].
In conclusion, PostIdent is a widely used and trusted method for personal identification in Germany, ensuring compliance with legal requirements and enhancing the security of transactions.