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Comment by carefree-bob

8 days ago

Whoah, everyone here who has a bank account - which I assume is pretty much everyone -- has gone through "standard KYC paperwork", and I've never been asked to send personal financial documents to an email inbox.

I've opened several bank accounts online and do online banking as well as brokerage and other accounts. Financial documents like this should be uploaded via secure portals and directly stored in encrypted databases with controlled access and network segmentation from the rest of the IT infrastructure.

I am editing this comment to say that I don't think what was being requested is malicious or unethical, but I hope you can understand why people would not feel comfortable doing this, even if they are fine with KYC processes in general.

3 comments

carefree-bob

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RileyJames  7 days ago

Consumer banking: agree.

Corporate banking, I’ve seen exactly this. Asked to send PII docs via email to open accounts and do background checks.

Big 4 Australian bank.

Or I could go into a branch… but all they were going to do was email the copies to the same email address.

miki123211  7 days ago

> I've never been asked to send personal financial documents to an email inbox.

Try going to a self-service short-term rental in the UK / EU. You'll find out 48 hours before the trip that you won't get the access code until you send a copy of your ID to weed+lower.6969@gmail.com, and there won't be time to argue.