Banking is actually a rare case where it makes sense because they legitimately need your TIN (taxpayer ID number). For businesses this is the same as their EIN

Banking is actually a rare case where it makes sense because they legitimately need your TIN (taxpayer ID number). For businesses this is the same as their EIN (employee ID number) so no big deal. What's problematic that ought to be fixed is that for individuals your TIN is just your SSN. Lazy. We ought to just issue personal TINs the first time you file taxes.