> It was horrible for me, but that's what the says that they had to do, and if they didn't the could end up in trouble with the feds facing huge penalties.
Except that most likely isn't true. The law does not require banks to have your home address. The law does require banks to verify your identity, but there are many ways to do this without requiring a "home address".
The "home address" rule is self-imposed by banks and is yet another way that our country makes life unnecessarily difficult for homeless or itinerant people.
Edit: This is regarding USA law, and I realized I am not where you reside. I assumed USA because of the FDA mention but I realized that was referencing the article so may not be a good clue.
Except that most likely isn't true. The law does not require banks to have your home address. The law does require banks to verify your identity, but there are many ways to do this without requiring a "home address".
The "home address" rule is self-imposed by banks and is yet another way that our country makes life unnecessarily difficult for homeless or itinerant people.
Edit: This is regarding USA law, and I realized I am not where you reside. I assumed USA because of the FDA mention but I realized that was referencing the article so may not be a good clue.