171–180 of 242 posts
Getting a (cheap) dedicated device for banking purposes (perhaps without a sim card, wifi only) is a good way to «work around» this.
But yes, this seems like the best possible option - also it enables the extra security through clean separation, as long as the phone is dedicated for that use case only.
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> Never occurred to me that moving to any other EU country might be harder than that. I don't think it is? I moved to Spain from other EU country the same way, basically bought the cheapest one-way plane ticket I could find, spent ~1 month here before deciding I wanted to live here, then got myself the local residence card one morning and that's about it. Everything else just worked by using my passport in the meanti…
In Barcelona it is impossible to get an appointment for the residence card. There is online booking system, but it never shows any available slots. But then there are few companies that for 50-100 euros can get an appointment. But then even with appointment one only gets a temporary permit unless one already got a job offer. One gets the permanent card only after starting a business or buying a property or getting a…
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Not to sound cynical, but what's to stop these officials from picking non-multinational regional bank?
You can't have a credit card which makes your life miserable in the modern world even if you can find a bank : Visa, Master Card, Amex are all American.
But international travel becomes painful. (Hence EC cards are co-badged as a fall-back with Visa Debit or Maestro, impossible if you are sanctioned.)
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> But my device, my choice Given there is a choice, and given HSBC is on the hook if you get hacked in most jurisdictions, it seems fair to chalk this one up as a stupid move by HSBC that's nevertheless within their rights.
HSBC is on the hook if I get hacked? I can't think of companies having to pay up because their customers got hacked because of their doing. Let alone if it wasn't directly their doing. Solarwinds was for example never forced to pay a dime.
Even if they are not on the hook, there is still the hassle/overhead of dealing with the fraud (e.g., opening an investigation), and/or the bad press when a customer gets hacked and you refuse to refund money per the terms of service:
* https://old.reddit.com/r/PersonalFinanceCanada/comments/1pwh...
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Having no ties to businesses or individuals located in Russia. Like myself and countless of others.
EU paid Russia since the full scale Russian aggression more money for gas, oil, coal etc. than to support Ukraine. By that logic almost all EU citizens has ties to Russia as they use electricity/gas partially supplied by Russia.
That's Google's SafeNet. HSBC picked a level that causes this. Google manages the blacklist of apps. We are rapidly losing our freedoms to the will of these companies. If they decide they don't want to they can even if the law doesn't forbid it. People in Switzerland and the EU are being de-banked by local banks because of US pressure allowing them to force any bank that wants to use USD. The US has started to sancti…
> People in Switzerland and the EU are being de-banked by local banks because of US pressure allowing them to force any bank that wants to use USD That's not quit accurate. American citizens will indeed have a very hard time to open a bank account in Switzerland. But the reason is not so much free speech than FATCA (Foreign Account Tax Compliance Act) [0] [1] The requirements to host bank accounts for Americans are s…
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It's more insidious than that. The US is actively working on dismantling the Swiss off-shore banking system. It started with US clients and expanded from there (see: https://www.privatebankerinternational.com/news/hsbc-swiss-p... ) Guess where all these un-banked HNWI are going and who is offering them a gold card to run their businesses from?
No idea, where will they go? Dismantling off-shore banking is generally a good thing since I'd like the ultra rich to pay tax as that funds services that I use.
Most likely, the US.
> Dismantling off-shore banking is generally a good thing since I'd like the ultra rich to pay tax as that funds services that I use.
There are lots of uses to off-shore banking than tax-evasion. In fact, I don't think it's feasible to use any modern (CRS/FATCA compliant) banking for tax-evasion.
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> Never occurred to me that moving to any other EU country might be harder than that. I don't think it is? I moved to Spain from other EU country the same way, basically bought the cheapest one-way plane ticket I could find, spent ~1 month here before deciding I wanted to live here, then got myself the local residence card one morning and that's about it. Everything else just worked by using my passport in the meanti…
It's not just registering. This assumes you had a job contract lined up or sufficient funds to support yourself.
HSBC still operate a perfectly functional website for banking. The more people who continue to use this, the better. It sends a clear signal that customers prefer the open web over restrictive and inconvenient mobile apps. I’m also hanging on to my bank’s physical RSA fob as my 2FA, instead of using their app based version.
At least in UK, you'll need a physical token to do that. And you can't have both app and token. So if you had an app that is now not working, it'll take some time to get a token and restore your bank access.
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Having no ties to businesses or individuals located in Russia. Like myself and countless of others.
> have ties This is doing a lot of work. at what point person starts or stops having ties with russia? if you have any siblings or parents or grandparents or cousins or classmates or ex girlfriends who are living in Russia? I know a bunch of foreigners with stronger ties to Russia than some of my Russian friends by this logic my friend;) especially Ukrainians and Israelis but really anywhere in the world. debank them…
You're arguing against a point no one here made.