[squiffy]

It's a question of security I suppose, to reduce the chances of identity theft. They email you a registration code to verify that you have a valid email address. They deposit test amounts to your bank account to verify that you own the bank account. And they snail mail you a temporary password, to verify that you gave a correct mailing address.

I don't know about you guys, but if I am going to send 100K of my cash to a bank, I hope they are taking some security measures to reduce the chances that someone could drain my accounts of 100K and walk away.

Their methods aren't foolproof. But it's kind of like airport screening in the U.S. Hopefully it will deter or catch some terrorists and reduce the likelihood of your plane being hijacked and flown into a skyscraper somewhere.