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Second comment in the thread, since I decided to go hunting for alternatives: https://discuss.privacyguides.net/t/alternatives-to-privacy-com-which-dont-require-a-u-s-phone-number/30692
edit 1: Okay I am trying out Halocard right now. What the actual fuck, it sends the verification code via Whatsapp to the phone number I provide.
edit 2: no wait I received it as a text. It looks like whatsapp has a service to send text to people.
Privacy.com is, legally, a bank. Banks have always had aggressive KYC requirements, but it's only gotten worse in recent years.
I went through the sign up and they made me take pictures of my face with Persona.
Once I did that, I then declined to use this other platform, Plaid for storing my card. Instead I submitted my debit card information directly.
The logged in page said that my account was pending, and would be verified in a 1-2 business days. It's been like 5 days now.
I dug around on reddit, and found someone with a similar experience. They theorized that delayed, or even indefinite account "verification" is a way of soft punishing people who don't submit to every single privacy invasive thing.
I really only wanted protection from fraud, overcharching, and bad merchants, so I wish this was a feature my bank would provide.
How does privacy.com's privacy policy compare to ironvest's then? you specifically pointed out ironvest's privacy policy to compare, but only stated that you felt privacy.com is 'overkill'. i haven't check their policy, but if they have a rock solid kyc and a name like 'privacy' i'd think they'd probably do a bit better at not sharing your data with others than, say, ironvest - but their policy needs to be checked.
i have friends who use privacy.com and are pleased with it. you can lock virtual cards to specific merchants, or make single-use/burner cards. i don't know what else, but segregating merchants alone increases your privacy and reduces your risk, so i'd think you need to check their privacy policy and see how they handle your data, since that's a concern you pointed out.
" i haven’t check their policy, but if they have a rock solid kyc and a name like ‘privacy’ i’d think they’d probably do a bit better at not sharing your data with others than, say, ironvest"
First, isn't "kyc" "know your client"? I don't get what you mean with "a rock solid kyc".
Second, I generally find that when names that are very value focused, it is often a scam. Take "Truth Social" for instance. Using a name like Privacy would push me towards skepticism, not trust.
I use privacy.com for some things where I'd rather not share my data with the vendor. I like them, their privacy policy doesn't have anything too weird. I'm also under no allusion that it's subpoena-proof though, but that's not really what I'm looking for for banking anyway.
EDIT: OP appears to be concerned with how they handle the PII they collect. As far as I know, I've never been impacted but tbh how would I know if they didn't tell me? If anyone has heard otherwise, I'd like to know.