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Re:Ask HN: Can you recommend new bank-in-an-app for UK by richardknop on Wednesday July 05, 2017 @05:48AM (#14701064)
The problem is they are trying to go fully digital. So no branches and stone buildings. But they still need to follow KYC regulations. So how else can they verify your identity digitally, without meeting you in person? I wish there was a better way too btw.
Re:Ask HN: Can you recommend new bank-in-an-app for UK by thenomad on Wednesday July 05, 2017 @10:29AM (#14702657)
I completely understand from their point of view - but unfortunately from my point of view that doesn't really reassure me much.
Re:Ask HN: Can you recommend new bank-in-an-app for UK by dbbk on Wednesday July 05, 2017 @10:09AM (#14702482)
Pretty sure Monzo don't ask for your passport as part of KYC?
Re:Ask HN: Can you recommend new bank-in-an-app for UK by richardknop on Wednesday July 05, 2017 @11:32AM (#14703183)
Yes they do. Either passport or national ID. Not sure if EU driver's license is enough or not. Plus also you need to take 5 second video of yourself where you say your name.
Re:Ask HN: Can you recommend new bank-in-an-app for UK by dbbk on Wednesday July 05, 2017 @11:55AM (#14703468)
Oh odd, I don't recall doing any of that. I joined before they got their banking license though.