this post was submitted on 06 Aug 2024
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Cashless society, forced banking, and the War on Cash

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In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy.

related communities (decentralized only)

closely related:
!cashless_society@nano.garden (ghost node) ← only reachable from instances that federated to that community before nano.garden disappeared

loosely related:
!offgrid@slrpnk.net
!climate_action_individual@slrpnk.net
!fightforprivacy@feddit.ch
!personalfinance@sopuli.xyz
!right_to_unplug@sopuli.xyz

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The EU guarantees most people a right to open a “basic”¹ bank account. Superficially that sounds good, but of course having a right to open a bank account implies that you can then be expected to have an account. It’s an enabler for the #warOnCash. The right to a bank account is a masquerade of freedom from which oppression manifests.

Anyway, you have to ask: do you really have a “right” to open a basic bank account if the procedure for opening the account is inherently exclusive? That is, if a bank only offers a basic account to people who are online, doesn’t a problem arise when this right to an account then leads to an assumption that everyone has an account?

Some banks take the requirement to offer basic accounts seriously by making the application a static PDF which can also be obtained on paper form. So the only thing you need is a pen (to open the account and presumably to use it). But it’s bizarre some banks put the application for their basic account exclusively in an interactive online format. Are offline people just getting “lucky” if a bank happens to offer a basic account application on paper?

¹ “basic” is not just common language here. It refers to a specific type of account that fulfills specific legal criteria.

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