3 ms·
> The real issue here is a human rights issue. However wrong the EU is on many things, at least the EU states that having a "basic bank account" is a right in
by TacticalCoder 3y ago
> The real issue here is a human rights issue.
However wrong the EU is on many things, at least the EU states that having a "basic bank account" is a right in the EU that cannot be denied: "If you are legally resident in an EU country you are entitled to open a "basic payment account". Banks cannot refuse your application for a basic payment account just because you don't live in the country where the bank is established.". [1]
And the European Convention on Human Rights has some implication on banks in the EU, for example when they lend money (say for a mortgage) to an EU citizen.
I'd say that that's better than a country where you can be totally de-banked and blocklisted.
I don't have any false hope but it's at least better than nothing.
[1] https://europa.eu/youreurope/citizens/consumers/financial-products-and-services/bank-accounts-eu/index_en.htm https://europa.eu/youreurope/citizens/consumers/financial-pr...