Business How nosy has your bank been about your activities? - GoFuckYourself.com

rowan · 10-31-2017, 12:37 PM

My bank recently suspended my savings account because I (politely) refused to fill out a "personal information form." Without knowing this information they were supposedly unable to safeguard my account.

At this point I had been a customer for 8 years without incident. It's a simple USD transaction account, no credit or anything.

Things they asked:

- Employment status
- Employment details (business name, contact details of employer)
- Whether I have held a high profile position such as a diplomat or whether I am associated with such a person
- Expected value of funds to be deposited in the next 12 months
- Whether I intend to make large cash deposits; if so, for what purpose
- Whether I intend to make large cash withdrawals; if so, for what purpose
- Whether I intend to make or receive international payments; if so, which countries, for what reason, expected frequency, expected value

I think the last few questions can basically be summarized as "are you funding terrorism and/or laundering money"

This form isn't to safeguard my finances - it's all for the bank...

Has your bank asked about your activities, either informally (eg a "friendly chat" with a teller), or officially?

Ferus · 10-31-2017, 12:43 PM

Its International law, deal with it. Just put ?fintech software consultant? in your title, and tell them there is no way for you to predict how many customers or profit you will make in the future, but you surely hope for as much as possible

Spunky · 10-31-2017, 01:15 PM

Just a standard practice by all the banks here. Don't think there are any major banks that don't do it

Barry-xlovecam · 10-31-2017, 01:26 PM

I have a commercial account -- no problems there. I have a 2nd bank -- again no problems there. (so far).

I have always had 2nd or 3rd banks with active accounts. Spread the risks

I know people with 7 and 8 figure bank balances in adult that have banking problems too. So it is not just you.

Tell them you are a self employed 'web developer' doing contract work globally.

bns666 · 10-31-2017, 01:39 PM

Quote:

Originally Posted by rowan

Without knowing this information they were supposedly unable to safeguard my account.

how do they come up with such bullshit?

you keep your money in their hands and they are unable to protect it? from who?

rowan · 10-31-2017, 11:29 PM

Quote:

Originally Posted by Barry-xlovecam

I have always had 2nd or 3rd banks with active accounts. Spread the risks

That's why I declined to answer their questions - I have other accounts. They mailed me the same form 4 times (!), plus left a few voicemails, then finally sent me a letter saying my account was suspended.

I don't know if my account was specifically flagged because it receives USD funds (I'm in Australia) or whether everyone was 'audited'

If they stated it was for KYC/AML legislation then maybe I may have been more agreeable, but they just bullshit on about how they have to protect my account. More like: we need you to provide reasonable proof that you're not involved in criminal activies...

ilnjscb · 11-01-2017, 12:01 AM

This is getting worse and they have queries and algorithms to search out "suspicious accounts" that as always are far too broad.

klinton · 11-01-2017, 12:18 AM

Quote:

Originally Posted by bns666

how do they come up with such bullshit?

you keep your money in their hands and they are unable to protect it? from who?

from the government

brassmonkey · 11-01-2017, 12:32 AM

Quote:

Originally Posted by Barry-xlovecam

I have a commercial account -- no problems there. I have a 2nd bank -- again no problems there. (so far).

I have always had 2nd or 3rd banks with active accounts. Spread the risks

I know people with 7 and 8 figure bank balances in adult that have banking problems too. So it is not just you.

Tell them you are a self employed 'web developer' doing contract work globally.

hahahaha!! i used that one a long time ago!

Klen · 11-01-2017, 06:15 AM

I was asked once questions which was result of FATCA US Law. Kind a crazy how US can dictate what banks in world ask their customers .

GAMEFINEST · 11-01-2017, 06:18 AM

Never had an issue here, but there is no way around it

Paul Markham · 11-01-2017, 11:51 AM

While I was in the UK my bank manager was very supportive of me. He would allow me to have an overdraft to go on trips to shoot girls. Saved digging into my US accounts.

Here they wouldn't ever give me that, took 4 weeks to clear checks that came in monthly to an account that held more than the check was worth. Sneaky way of collecting interest on the overnight markets. But they knew exactly what I was doing.

ZENRA · 11-01-2017, 12:57 PM

With KYC laws, banks *will* most likely be inquisitive about what you do and it'd be best to comply (to some extent given the stigmas associated with our industry) and hope for the best.

Also, have multiple bank accounts for both business and personal just in case.

pimpmaster9000 · 11-01-2017, 01:02 PM

KYC > you

Get used to it...

HomerSimpson · 11-01-2017, 02:23 PM

banks are becoming so hard to deal with with all their KYC and other crap... hate that shit...

NatalieK · 11-01-2017, 03:07 PM

there´s too much information banks and other companies need these days...

we´re being watched, we´re not free. We´re taxed and bashed every day

Rochard · 11-01-2017, 03:10 PM

That's an odd list of questions.....

Tube Ace · 11-01-2017, 07:45 PM

This is exactly why cryptocurrencies shall prevail.

10-31-2017, 12:37 PM	#1
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	How nosy has your bank been about your activities? My bank recently suspended my savings account because I (politely) refused to fill out a "personal information form." Without knowing this information they were supposedly unable to safeguard my account. At this point I had been a customer for 8 years without incident. It's a simple USD transaction account, no credit or anything. Things they asked: - Employment status - Employment details (business name, contact details of employer) - Whether I have held a high profile position such as a diplomat or whether I am associated with such a person - Expected value of funds to be deposited in the next 12 months - Whether I intend to make large cash deposits; if so, for what purpose - Whether I intend to make large cash withdrawals; if so, for what purpose - Whether I intend to make or receive international payments; if so, which countries, for what reason, expected frequency, expected value I think the last few questions can basically be summarized as "are you funding terrorism and/or laundering money" This form isn't to safeguard my finances - it's all for the bank... Has your bank asked about your activities, either informally (eg a "friendly chat" with a teller), or officially?

10-31-2017, 01:15 PM	#3
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,939	Just a standard practice by all the banks here. Don't think there are any major banks that don't do it __________________ *YOUR INFORMATION HERE*

11-01-2017, 06:18 AM	#11
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,432	Never had an issue here, but there is no way around it __________________ Compound interest.

11-01-2017, 11:51 AM	#12
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	While I was in the UK my bank manager was very supportive of me. He would allow me to have an overdraft to go on trips to shoot girls. Saved digging into my US accounts. Here they wouldn't ever give me that, took 4 weeks to clear checks that came in monthly to an account that held more than the check was worth. Sneaky way of collecting interest on the overnight markets. But they knew exactly what I was doing. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

11-01-2017, 12:57 PM	#13
ZENRA Confirmed User Industry Role: Join Date: Sep 2016 Location: Japan Posts: 655	With KYC laws, banks will most likely be inquisitive about what you do and it'd be best to comply (to some extent given the stigmas associated with our industry) and hope for the best. Also, have multiple bank accounts for both business and personal just in case. __________________ ZENRA \| Subtitled Japanese AV \| @ZENRAMANIAC JAV VR Content Manager at SexLikeReal

10-31-2017, 12:43 PM	#2
Ferus Bye - Left to do stuff Industry Role: Join Date: Feb 2013 Posts: 4,108	Its International law, deal with it. Just put ?fintech software consultant? in your title, and tell them there is no way for you to predict how many customers or profit you will make in the future, but you surely hope for as much as possible

10-31-2017, 01:26 PM	#4
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	I have a commercial account -- no problems there. I have a 2nd bank -- again no problems there. (so far). I have always had 2nd or 3rd banks with active accounts. Spread the risks I know people with 7 and 8 figure bank balances in adult that have banking problems too. So it is not just you. Tell them you are a self employed 'web developer' doing contract work globally.

11-01-2017, 12:01 AM	#7
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,862	This is getting worse and they have queries and algorithms to search out "suspicious accounts" that as always are far too broad.

11-01-2017, 06:15 AM	#10
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	I was asked once questions which was result of FATCA US Law. Kind a crazy how US can dictate what banks in world ask their customers .

11-01-2017, 01:02 PM	#14
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	KYC > you Get used to it... __________________ Report a suspicious cracker: Click Here

11-01-2017, 02:23 PM	#15
HomerSimpson Too lazy to set a custom title Industry Role: Join Date: Sep 2005 Location: Springfield Posts: 13,826	banks are becoming so hard to deal with with all their KYC and other crap... hate that shit... __________________ Make a bank with Chaturbate - the best selling webcam program Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 \| Email:

11-01-2017, 03:07 PM	#16
NatalieK Natalie K Industry Role: Join Date: Apr 2010 Location: Spain Posts: 19,430	there´s too much information banks and other companies need these days... we´re being watched, we´re not free. We´re taxed and bashed every day __________________ My official site Custom vids Make money & get into the business First time girls Skype: GspotProductions - "Converting traffic into income since 2005"

11-01-2017, 03:10 PM	#17
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,767	That's an odd list of questions..... __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

11-01-2017, 07:45 PM	#18
Tube Ace So Fucking Banned Industry Role: Join Date: Nov 2008 Location: with your dream girl Posts: 4,941	This is exactly why cryptocurrencies shall prevail.