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Well the modern countries use documents such as ID card or passport, you can't just walk to a bank and start opening accounts from that little data. It's actual
by 9HZZRfNlpR 6y ago
Well the modern countries use documents such as ID card or passport, you can't just walk to a bank and start opening accounts from that little data. It's actually insane Americans have that archaic system.
- vageli 6y ago> Well the modern countries use documents such as ID card or passport, you can't just walk to a bank and start opening accounts from that little data. It's actually insane Americans have that archaic system. It's archaic to allow opening bank accounts completely online with no physical presence/authentication required?
- nottorp 6y agoI don't know about you, but I wouldn't like for anyone to be able to open a bank account in my name. Opening bank accounts (and accessing them later) without authentication is insane not archaic :) Most banks here require physical presence and the government issued (photo) ID to open accounts, and online banking has 2FA via either physical token or at least SMS. There is an unique number assigned to you on that ID, but it's stored basically everywhere and only used to look you up faster, never for authentication. If you call the bank and try to do something over the phone they either tell you it's impossible or for less impactful things they randomly ask you pieces of info about older transactions, info that isn't on your ID card etc. Or just give you a plain phone PIN when you open the account.
- 9HZZRfNlpR 6y agoYes because of security issues? Also some countries have chips in their ID cards that allow secure, online authentication with a card reader. Banks still want to check you in their office because of money laundry laws.