Denmark, Netherlands, Belgium, France, and Spain. Banks in those places will freeze your account easily, like a doc on file expiring.
US banks are more trustworthy with your money than European banks, but US banks are less trustworthy with your data. Exceptionally, there is a pitfall where you can lose your money: dormancy. I recall a woman in California who had a safe deposit box that she did not access for a number of years. The bank declared it “dormant”, drilled it, and gave the property to the state’s unclaimed assets, who then auctioned off her stuff.
What kinds of places have untrustworthy banks and are becoming cashless?
I was thinking of the US and Canada https://www.pewresearch.org/short-reads/2022/10/05/more-americans-are-joining-the-cashless-economy/ https://en.wikipedia.org/wiki/De-banking
Sure ok. If you don’t trust US and canadian banks your best bet is probably to go off grid and live in the wilderness. Good luck.
Lol, what? I guess Europe is wilderness then.
I think I will instead promote keeping their power limited, such as by using cash
I guess almost any country has (some) untrustworthy banks. So whatever country is planning to go cashless, they will have both.
Denmark, Netherlands, Belgium, France, and Spain. Banks in those places will freeze your account easily, like a doc on file expiring.
US banks are more trustworthy with your money than European banks, but US banks are less trustworthy with your data. Exceptionally, there is a pitfall where you can lose your money: dormancy. I recall a woman in California who had a safe deposit box that she did not access for a number of years. The bank declared it “dormant”, drilled it, and gave the property to the state’s unclaimed assets, who then auctioned off her stuff.