You find it to be a negative that banks require identity verification to drain an account? Personally, I would refuse to keep my money with a bank that doesn’t do this.

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drivebyhooting an hour ago | parent | next [-]

The relationship was established decades ago and they accept money and direct deposit still with no KYC.

But to get the money out? Oh no! We need a picture of your face! And there’s no option for going in person.

	▲	ethmarks 34 minutes ago \| parent [-]
		> they accept money and direct deposit still with no KYC. But to get the money out? Oh no! We need a picture of your face! Unauthorized deposits aren't nearly as much of a concern as unauthorized withdrawals, right? I'd imagine that there are far fewer malicious actors that try to deposit money into random bank accounts than there are ones that try to withdraw money from random bank accounts. > And there’s no option for going in person. Won't an in-person bank also take pictures of you via security cameras? I don't really understand your objection here, could you elaborate?

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iririririr 2 hours ago | parent | prev [-]

most banks using faceid won't accept you go to a branch. because they contract with a provider who makes more money from building and selling a database than to fulfilling the contract with the banks.