Application forms are the standard way to gather all the information that is needed to open an account, whether that is for a bank or building society or some other financial institution.
These days, applications are usually opened online, however, it is likely that established customers will have made their application using a paper form and the authorities insist that all the records are kept, with fines and penalties for any failings.
Scanning historical forms has several benefits:
- Helps to meet the compliance rules
- Reduces the risk of loss
- Improves the security of the information