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.
this post was submitted on 16 Jun 2023
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Privacy Guides
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Monero
Exactly. Monero, cash and precious metals are the only private payment methods, but Monero is the only one that works over the internet.
Currently the only 100% option.
If/when privacy.com ever expands beyond the USA that'll be a significant improvement.
Assuming you're in north america, there is no privacy respecting traditional bank. Use cash or monero if you want to hide your transactions
Cash, monero, prepaid visa cards.
Ok, so why is cash not a good idea?
monero. shielded zcash is also an option.
What is the scenario you are thinking of specifically?
All banks and bank-like institutions you might have access to will comply with the same anti money-laundering and know-your-customer regulations. It's not really up to the individual bank to decide.
The "Swiss bank account" is largely a thing of the past, as they are forced into data-sharing agreements with the United States and possibly others. And even so, you need to be a Swiss national to qualify for a bank account there.
You can use cash as much as possible when it's an option, of course. It's less convenient, but privacy often is.
Noob question: do you think that banks sell info regarding your/our transactions to third party?
Many do, or at least did a few years ago.
do you have more info (articles) related to that? Just curios
What's the drama over using crypto? (Not about OP specifically). I can donate crypto to Lemmy because they don't see a drama, but other apps want my credit details. Honestly, I would rather take the crypto option than trust every business with my credit details.