4 ms·
Just did! Thanks for the advice. The core issue seems to be that kyc is really hard to do virtually in the US. Will keep you posted, appreciate it.
by sherlock_h 3y ago
Just did! Thanks for the advice. The core issue seems to be that kyc is really hard to do virtually in the US.
Will keep you posted, appreciate it.
- ktta 3y agoKYC is much more involved outside the US. Have you tried opening an account in the EU or South Asia? It's just that US does very little to no KYC upon account opening, instead relying on risk indicators (like IP address, and credit systems) at the outset, and throwing flags way down the line if some 'unusual' activity happens in the account. This happens typically when someone really needs access their account urgently (real estate txs) or in unusual situations, which results in stories like these. No other country has high-street banks (obv. excluding the 'tech'-banks of yore) that let me open an account without ever entering a branch or requiring a single piece ID
- inemesitaffia 3y agoIn some countries though once you open with one in person you can do so online with other banks