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> For anything else online banking related, hard (in-person) KYC was required. I'm not sure what your source is on this, but I've opened the vast majority of
by djrogers 7y ago
> For anything else online banking related, hard (in-person) KYC was required.
I'm not sure what your source is on this, but I've opened the vast majority of my financial accounts without any in-person KYC, including checking, savings, debit card, credit card, and every online payment account I've ever had.
There are a bunch of banks in the US (including my primary bank) which don't have branches to even do an in-person KYC at.
There are a lot of barriers to a great p2p and p2b payment system here, but in-person KYC isn't one of them.