https://www.bitsaboutmoney.com/archive/debanking-and-debunking/
(de)banking is a prime example of severely regulated and, as a consequence, heavily monopolized and totally ineffective industry. It was also a main reason (coupled with the abysmal state of the renting market) for me NOT to relocate to EU in 2022 despite having an offer from Google, I'm still thanking myself for being damn smart at that time...