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Privacy friendly bank account/payment method

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LMP@lemmy.one
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privacyguides@lemmy.one
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Hi, I would like to find a bank or a privacy friendly payment method, not able to review every purchase I did.

I thought to several alternatives :

1° Find a bank explicitely dedicated to data privacy (names ?)

2° Open an account in a bank located in Switzerland as it’s the world strongest regulation for data privacy ? 3° Use a masked card or virtual number card ?

4° Find a data privacy friendly online payment platform (name ?)

5° Use crypto or cash lol ?

Any advise about these options ? Would you recommend other options ? Also I’m located in Europe if you know specific offers in the EU market related to that concern.

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NullRiver@beehaw.org
7 points

Assuming you’re in north america, there is no privacy respecting traditional bank. Use cash or monero if you want to hide your transactions

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PublicLewdness@burggit.moe
1 point

I am not well versed in crypto but when I tried to setup an account at many coin exchanges they wanted my govt id to track transactions due to Canada’s KYC laws. Is there a way around this ?

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_HR_@lemmy.world
6 points

EU has regulatory requirements that banks need to satisfy if they want to operate there. Look into KYC requirements and what data they need to store about money transfers if you want to know what data banks absolutely have to collect.

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shortwavesurfer@monero.town
6 points

Monero

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itsmect@monero.town
2 points

Exactly. Monero, cash and precious metals are the only private payment methods, but Monero is the only one that works over the internet.

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Gleddified@lemmy.ca
1 point

Currently the only 100% option.

If/when privacy.com ever expands beyond the USA that’ll be a significant improvement.

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Drewski@kbin.social
4 points

Cash, monero, prepaid visa cards.

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BigTechBlows@lemmy.one
4 points

Ok, so why is cash not a good idea?

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