4 ms·
> It's a high barrier to enter due to governmental regulations. Well-designed regulations can also protect consumer choice. In europe there's SEPA and IBAN tra
by the8472 8y ago
> It's a high barrier to enter due to governmental regulations.
Well-designed regulations can also protect consumer choice. In europe there's SEPA and IBAN transfers between any bank, and there's plenty of those. And banks are obligated to give anyone an account.
So it would be near-impossible to shut someone down like this.
- dogma1138 8y agoBanks in Europe are not obligated to give anyone an account when it comes to business accounts this isn’t about individual basic accounts, current accounts and business accounts are completely discretionary and business accounts are actually notoriously hard to open in some countries even the UK.
- deleted 8y ago[deleted]