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I find it a little ironic that HSBC help launder drug money in Mexico but have the fucking gall to ask me for more information...
GDPR means I can fuck them over later though so maybe I'll just wait another two weeks before handing over any more info to Revolut.
hippy-
Yes its newer anti money laundering regulation. open any kind of bank account now and you'll have to provide the same information. GDPR shouldn't change that, if you continue to use the card your account will be treated as 'on-going' which kinda means after an initial asking you how you want to be contacted etc their terms and conditions will state that those will remain in place until you leave.
if you dont use the card or cancel it then I believe GDPR kicks in and they have to contact you to get consent to keep your data. I dont know what that time period is.
Dont take what im saying as gospel because Im yet to do our GDPR course from a bank perspective which should clear up and contradict everything I have said probably.
jaitch
Yeah, Monzo want a pic of passport or drivers license and then a 5 second selfie vid of you saying hello Monzo and your name, or something similar. I presume so that people can't nick your drivers license and use it to sign up.
Did seem odd, but maybe just because I'd been with HSBC for 20 years and they hadn't asked for anything since... ever. I think it's probably progress that banks have to do some basic checking now.