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European banking is a really sad state of affairs (fedia.io)

submitted 2 days ago by atro_city@fedia.io to c/Europe@europe.pub

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Moving away: close your bank account, you must live in the country to have a bank account here.

Moving to: you must open a bank account here, we don't accept foreign IBANs

Using a banking application: you must have US ~~tech~~ spyware on your phone, otherwise we don't consider it secure.

We need a European federation. I want to be able to move somewhere with my European bank account, get paid by European employer, pay with my European money using a European payment system without having to tell some other non-European country all about it.

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[–] _Nico198X_@europe.pub 3 points 2 days ago (1 children)

it's also illegal to reject an IBAN from another EU state.

you can also try a virtual bank: n26, bunq, revolut, and even wise.

[–] atro_city@fedia.io -1 points 1 day ago (2 children)

N26 requires Google spyware, Revolut too, and I think Wise too. Some banks will further cancel joint / shared bank accounts when one partner moves to another country (even temporarily). And some banks are mobile only, meaning that while they may work for some time without US tech, they may suddenly change their mind, not tell you, and you'll find yourself locked out of your bank account or their payment methods.

And whether things are illegal or not doesn't matter too much unless you have money and resources to fight it. As an example, I had a lawyer friend who suddenly got a bill to pay for the previous tenant who hadn't paid the internet bills for months. Of course it was unjust, but the telecom company still put a lean on his account. Despite being a lawyer, it took said friend about a year to fight it (and win). But remember, this was a lawyer. I would have to hire a lawyer, take the thing to court, and hope everything is compensated.

If this were a reality where I could put my life on hold to fight stuff like this with state aid, there's no doubt I'd do it, but in this reality? You've gotta pick your battles.

[–] Lumisal@lemmy.world 2 points 1 day ago (1 children)

Revolut works on Volla Linux

[–] atro_city@fedia.io 1 points 19 hours ago

Didn't work on LineageOS.

[–] _Nico198X_@europe.pub 4 points 1 day ago* (last edited 1 day ago) (1 children)

N26 does not. I use it on graphene os, along with wise.

Good luck.

[–] atro_city@fedia.io 1 points 19 hours ago (1 children)

I mean, it didn't work for me on LineageOS 🤷

[–] _Nico198X_@europe.pub 1 points 16 hours ago (1 children)

I don't know anything about Lineage OS.

[–] atro_city@fedia.io 1 points 14 hours ago

And I know nothing of GrapheneOS beyond that it's also degoogled. The point being that it should require some magic or extra effort to get a banking application working on a degoogled phone. It should just work ™ But our banks are too dependent on Scroogle and crApple. They are basically saying "use US tech or you're on your own", which of course forces the majority to use US tech. It's a sad state of affairs.

My only hope is the European Payments Initiative which is introducing Wero as an alternative o MasterCard and VISA. Once those are up and running, hopefully they'll tackle the other dependencies too.