1
submitted 4 days ago by ciferecaNinjo@fedia.io to c/cash@slrpnk.net

(crossposted to !smartphone_required)

A bank sent emails instructing customers to take a KYC interview in their app.

What if you don’t have the app? You get a get-out-of-jail free card? I’m betting marginalisation. Those without the app will lose access to their money.

Even if you have the app, an app-based interrogation is likely rife with shenanigans. Banks are sneaky. Bankers are like cops. They will ask one question at a time. They can track how long you sit on a question. You won’t know how many questions are ahead. The sensitivity of the questions will gradually escalate. If you reach a question that goes too far and say “fuck this, I’m out”, you would have already given them excessive sensitive data, creating a “point of no return” scenario. You can’t take the previous answers back at that point.

When I get a KYC interrogation, I require seeing ALL the questions at once before answering the 1st one. If just 1 question goes beyond my threshold of tolerance, I need to say “fuck off” and give them nothing.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 02 Oct 2025
1 points (100.0% liked)

Cashless society, forced banking, and the War on Cash 💰

77 readers
1 users here now

In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy. (indeed the mod is biased)

related communities (decentralized only)

closely related:
!cashless_society@nano.garden (ghost node) ← only reachable from instances that federated to that community before nano.garden disappeared

loosely related:
!offgrid@slrpnk.net
!climate_action_individual@slrpnk.net
!fightforprivacy@feddit.ch
!personalfinance@sopuli.xyz
!right_to_unplug@sopuli.xyz

founded 2 years ago
MODERATORS