Why do banks refuse to open accounts to foreigners or people with temporal residence permits?

Question

Why do banks refuse to open accounts to foreigners or people with temporal residence permits?

In: 14

Answer 1

Banks aren’t obliged to open an account for anybody.

There are several factors, but the minimum needed is a positive personal ID.

With many foreign nations, documentary ID is so weak it is effectively impossible to ID someone. No ID, no bank account.