Do banks actually verify the residency document?

[Clearsky Network]

From experience banks yes, EMIs dont.
In addition, banks might send you security tokens to‌ your address, therefore, you will need to be present in the location you indicate during‍ application.
As mentioned above social media checks are also performed to identify your location.

 

[Creocree]

From my experience working with European banks and EMIs, I can say for sure that‌ they do not verify this kind of information. At least in all the years of‍ work this has not happened

 

[nobel]

What if you pay with your credit card in another country often?

 

[Revoltec]

Revolut does this. If they notice you keep using your card in another‌ country for a few months they will ask you to confirm your tax residence. However‍ it is just by pressing a button on the screen.

 

[Onassis]

What's the⁠ worst they could ask for? A tax residency certificate and/or a proof of address?

 

[Revoltec]

They do not ask for that for now. Just‍ a window pops up and says "We have noticed that you have been using your⁠ card a lot in country A recently, please confirm that country B still is your⁤ country of residence" and that's it.

 

[Onassis]

So they don't actually give a s**t and it's just⁤ to please the regulators. Hopefully it stays that way for the foreseeable future.

 

[Benzouser]

Well not really the case any more! . . .when you︂ lose your SPAR reg, then your local SWE bank can delete your acoount and revoke︃ your BankID . . i have krux with this now :/ . . .also if︄ u have Swedbank you can not have a account if u live abroad.

 

[EliasIT]

No they don't. Sometimes it can be a Win sometimes it can lead⁣ to double taxation. So do proper research on your own situation.