Visa debit card - name on card

[TRGali]

Hi,

Sometimes with banks (we talk outside the EUSSR of course), it's possible to put the name you want on the visa debit card associated with your account. Let's say you then have a card with a complete different name. Do you know how far the anonymity goes in case of ATM withdrawals and usual card transactions? First at the level of the tax authority of the country where the ATM/transaction happened and then at the level of visa (are they aware of the name of the account holder, or they just see the name on the card)?

Of course, I am fully aware that if there is a serious enquiry about a transaction, it may quite fast reach the bank and then all potential anonymity goes away.

 

[Forester]

Visa knows perfectly who is the account holder.
As for the tax authority of the country where the transaction happened, it depends on circumstances ”“ but it is not depending on what name is printed on the card. The name on the card has some meaning only for persons who are physically looking at the card (yes, it can have certain importancy for the holder as such person cannot distinguish that this is not the real name).

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

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[TRGali]

Thanks for your input. Would you mind detailing a bit what you mean regarding what tax authorities see in case of, let's say, a cash withdrawal? Let's assume a scenario where they don't pay a particular attention to this withdrawal, but I somehow assume they have a data base with all cash withdrawals above a certain amount. I am asking about what name they would see in that data base for such a card use, before any further enquiry.

Last edited: Aug 29, 2024

 

[Forester]

TRGali said:
I am asking about what name they would see in that data base for such a card use, before any further enquiry.
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The account holder name, naturally. Again: The name on the card has some meaning only for persons who are physically looking at the card. Call it a marketing name or whatever you like. In the files, any transaction is connected exclusively and only with the name of the account holder.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[TRGali]

Ok, I understand what you mean, thanks.

When either visa or the banks send the cards, the envelop is also in the name of whatever name is on the card. So, I imagined there was a decent chance that this "name on card" would run a bit deeper than just this. But it seems not.

And just to wrap it up, what's the level of certainty of the info you gave me? Is it based on verified inside info that you have?

 

[Forester]

TRGali said:
Ok, I understand what you mean, thanks.
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You are welcome.

TRGali said:
And just to wrap it up, what's the level of certainty of the info you gave me? Is it based on verified inside info that you have?
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This information is not confidential / insider only in any way. Any person who is familiar with the banking environment can tell you the same. If e.g. @Sols or some other knowledgeable person came here by coincidence, you would hear the equivalent message, for sure.

(To avoid misunderstanding: Of course, even in the EU and actually with any bank, the account holder can ask his bank to issue a card attached to his account to some other cardholder, who is consequently properly verified and the operations with the card are of his responsibility. But this is not the case you are talking about, as far as I have understood; you were talking about these nicknames, when John Doe can ask to have Joe Biggest on his card...)

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...