Christoph pfp
Christoph
@siegenthaler
Banks in Switzerland, from the viewpoint of a crypto OG: I've been a loyal customer of Raiffeisen for most of my life but they recently dropped me with the reason that their AML/KYC process is too expensive. Seriously. They even offered that I pay for their internal expenses. 😅 Switching banks to a more crypto friendly one was more difficult than I expected. Even banks that themselves offer "crypto" (buying and holding in their ebanking without on-/offramping), that sponsor conferences (UBS) or are the official partner of kraken for Switzerland (Bank Frick) refuse to do business if they don't see a business opportunity in you. Shout-out to PostFinance to win me as a new loyal customer, top notch experience so far, even if their "crypto" is crippled as well.
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moritz 💧🔑 pfp
moritz 💧🔑
@moritz
have been facing similar issues, mostly for company accounts wouldn't have expected this happening in Switzerland, quite frustrating process
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Christoph pfp
Christoph
@siegenthaler
Indeed. Even if we're kind of working towards a bankless world you'd still expect that a bank would be interested in a new customer until they are completly irrelevant. But no...
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