Banking Identity - Know it in detail

Banking identity simulated through an image.

Banking identity is largely related to bank account. A concept that has become quite popular in recent years and has become a practical tool for many citizens. Simply put, it is a digital ID card. It is thanks to the bank identity that you can save yourself a lot of documentary work, visits to various institutions and so on. Technology is simply moving forward in this direction.

Secure digital identity

The title of this subtitle is quite telling. The digital identity known as BankID has one goal. Secure communication method with the relevant authorities. And how does the verification process actually work? At first glance, the banking identity looks like a classic online banking login. It is through this that your identity is verified and the counterparty knows that it is really you. You can use it in many situations.

  • Energy providers
  • Insurance companies
  • Mobile operators

In essence, it is proof of your identity without going to a specific destination.With a bank identity, you can save valuable time.

Banking identity in detail

But let's take a real in-depth look at banking identity. If you look at this service from the perspective of the European eIDAS Regulation, it is a means of electronic identification. In the Czech Republic, for example, more than five and a half million people can use such an identity. We will give you other details about this service through the questions and answers below.

Where can I use my bank identity?

These include the drivers' register, the land register, the trade licensing office, municipal portals and the criminal record.

Where does BankID find considerable use?

In Sweden, for example, this electronic identification has become widespread. More than 94 % of the population use it.

In what variations does bank identity exist?

Verification can take place through the computing technology in question, but also through mobile devices. Exceptions are tokenised systems and SIM card solutions.

When did this type of project start in the Czech Republic?

The early days of electronic identification in its current form were launched in 2019.

How much does a bank identity cost?

You don't pay anything for this service and it is part of a regular bank account.

en_USEnglish