4 ms·

Aside of evil nature of such regulations, it’s annoying af for me as a digital nomad. I DO NOT HAVE a physical address. Just don’t. No, no electricity bills. No

by lebed2045 4y ago

Aside of evil nature of such regulations, it’s annoying af for me as a digital nomad. I DO NOT HAVE a physical address. Just don’t. No, no electricity bills. No, I don’t receive correspondence. There are more a more people like myself who got essentially a excluded from important services because of archaic regulations written by old people.

toomuchtodo 4y ago
I pay $20/month to have a postal address with a mail processor, and know other digital nomads who do as well. You do not? Odd, as it’s cheaper than dealing with issues like this saying “I have no address.” My financial service providers (bank, brokerage, credit cards) require an address for example. I agree with you asking for addresses is starting to become silly in certain situations, but don’t swim upstream.
- shkkmo 4y ago
  A mail processor is not a physical address and will not be accepted by banks that require one for KYC purposes.
  - toomuchtodo 4y ago
    This has not been my experience with my mail processor (possibly because they enable you to establish residency/domicile as part of your service and have the address put on your drivers license or state ID). Don’t tell Fidelity or American Express shhh. (humorously I work in risk mgmt at a fintech and AML/KYC controls are a part of that)
    - shkkmo 4y ago
      I'd love to know which mail processor does that (mine does not), though I still doubt they would provide that service in the state where I've established permanent residence.
    - csomar 4y ago
      If you don't want to advertise the mail processor publicly, my email is in my profile. Thank you!
- deleted 4y ago
  [deleted]
troymc 4y ago
There are many tactics for receiving mail as a digital nomad. For examples, see: https://goremote.virtualpostmail.com/article/how-to-manage-your-mail-as-a-digital-nomad https://goremote.virtualpostmail.com/article/how-to-manage-y... https://nomadtactics.com/nomadic-life-prep/how-to-have-a-permanent-address-as-a-digital-nomad/ https://nomadtactics.com/nomadic-life-prep/how-to-have-a-per... https://nomadjunkies.com/en/canada-digital-mailbox-how-to-deliver-my-mail-to-a-physical-address-in-canada-digital-nomad/ https://nomadjunkies.com/en/canada-digital-mailbox-how-to-de...
- shkkmo 4y ago
  Yes, and none of those count as an address that can be used for KYC purposes.
shkkmo 4y ago
I think it is important to note that the regulations (edit: in the US) in question do not require banks to ask for a physical address. That is one of several possible methods of identity verification. When a bank requires a physical address, that is the bank being lazy and forcing people to use the identity verification that is easiest for the bank. The only way to fix that is to require banks to offer other verification methods through regulation.

toomuchtodo 4y ago

I pay $20/month to have a postal address with a mail processor, and know other digital nomads who do as well. You do not? Odd, as it’s cheaper than dealing with issues like this saying “I have no address.” My financial service providers (bank, brokerage, credit cards) require an address for example. I agree with you asking for addresses is starting to become silly in certain situations, but don’t swim upstream.

shkkmo 4y ago
A mail processor is not a physical address and will not be accepted by banks that require one for KYC purposes.
- toomuchtodo 4y ago
  This has not been my experience with my mail processor (possibly because they enable you to establish residency/domicile as part of your service and have the address put on your drivers license or state ID). Don’t tell Fidelity or American Express shhh. (humorously I work in risk mgmt at a fintech and AML/KYC controls are a part of that)
  - shkkmo 4y ago
    I'd love to know which mail processor does that (mine does not), though I still doubt they would provide that service in the state where I've established permanent residence.
  - csomar 4y ago
    If you don't want to advertise the mail processor publicly, my email is in my profile. Thank you!
deleted 4y ago
[deleted]

troymc 4y ago

There are many tactics for receiving mail as a digital nomad. For examples, see: https://goremote.virtualpostmail.com/article/how-to-manage-your-mail-as-a-digital-nomad https://goremote.virtualpostmail.com/article/how-to-manage-y... https://nomadtactics.com/nomadic-life-prep/how-to-have-a-permanent-address-as-a-digital-nomad/ https://nomadtactics.com/nomadic-life-prep/how-to-have-a-per... https://nomadjunkies.com/en/canada-digital-mailbox-how-to-deliver-my-mail-to-a-physical-address-in-canada-digital-nomad/ https://nomadjunkies.com/en/canada-digital-mailbox-how-to-de...

shkkmo 4y ago
Yes, and none of those count as an address that can be used for KYC purposes.

shkkmo 4y ago

I think it is important to note that the regulations (edit: in the US) in question do not require banks to ask for a physical address. That is one of several possible methods of identity verification. When a bank requires a physical address, that is the bank being lazy and forcing people to use the identity verification that is easiest for the bank. The only way to fix that is to require banks to offer other verification methods through regulation.