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Comment by ulzeraj | Hacker News Reader

This is basically saying “We are going to allow you to participate on society just a little as long as you follow the rules and is associated with these institutions we approve”.

How is this not considered a violation of human rights and dignity? Oh I forgot… gotta keep those unwashed 87% of the world population out of our pretty financial system.

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> follow the rules and is associated with these institutions we approve

Isn't that the definition of a society?

Depends on who "we" is -- here, a bank is saying it is their prerogative to decide your access to banking based on arbitrary private charities that they like

As a matter of fact it is their prerogative. This indicates, i'd say, a failure of the state to provide access to what is now a basic need (banking).

Do people who are convicted of financial-related crimes (like money laundering) deserve access to banking too? Just curious how absolute this right to banking should be.

Yes, banking is a requirement for proper participation in society, and we definitely want convicted felons to be able to properly participate in society once they get out of prison (otherwise what's the point of letting them out?) so they should deserve access to banking, and in EU they do have that right.

It might reasonable to deny a known fraudster access to credit, but they should have access to a bank account, for example, to make electronic payments for their rent and utilities.

I suspect that the bank is actually trying its best to supply services to the indigent without running afoul of a strict regulatory regime. You make it sound like they’re being intentionally unreasonable out of some sense of cruelty.

In America we call this a credit score: a black box system that nobody, not even the credit agencies, can describe or understand. Obligatory dhh/Apple Card Twitter thread on this subject - https://twitter.com/dhh/status/1192540900393705474

Yup, for the longest time I've maintained we entered a cyberpunk society when credit scores were introduced. An absolutely soulless abomination of a system designed to treat you as a number and not as a human.

Most of the financial system is nothing more than money laundering for cartels and corrupt oligarchs. We need to walk away from the brick and mortar banking institutions.

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