I need to have a bank account for my NGO that can be accessible by anyone. In order to do that I will share my credentials. My problem is, I need no one to be able to see the transaction history of the account, but just the SUM in the account.

The reason I am sharing my bank account has to do with transparency, so everyone can see the sum in the account.

The reason I do not want anyone to see the transaction history is, because I would like the people transferring money to remain anonymous to the rest of the world.

I would surely like to have the ability to see the transaction history, given that I either enter another password for that or using the credit/atm card for example.

If there is another solution achieving the same requirements, I would be happy hearing about that.

Preferably a solution that works in Europe would be great. Optimally a solution that works in Germany is preferred, but if this kind of service is offered else where, it would be also great

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    I really do not understand why this is off topic. I searched through the whole stackexchange network and found that this is the best place to ask this question. Guide me somewhere else if there is some better place. I described my situation clearly and got a clear answer. Sadly It was deleted and I can not retrieve the answer. This would have helped me. To me this does not make any sense. The only way to see the answer if I have 10k Reputation and this is sadly not the case. Now all I ended up with is a hope that I opened the deleted answer in the right time.. – M.C. Jul 3 '16 at 18:33
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    You could have people donate to one account, but transfer the funds to another account that is public. Aggregate the donation amounts into a single weekly (or whatever) transfer. – mkennedy Jul 3 '16 at 19:33
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    In order to avoid the accusation (right or wrong) that the question is off-topic, it might be a good idea to re-word the question so that it is asking for the name of a class of financial products/services (e.g. "Is there a kind of bank account that has these properties, and what is the name for that kind of bank account?") rather than for specific offerings. In case the name for that class of products varies from country to country, it might also help to mention the countries in which your NGO would be able to open and operate the account. – user13589 Jul 3 '16 at 20:11
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    I don't think this is sufficiently related to personal finance, given this is not something a person would want to do. This site isn't about corporate finance (or not-for-profit finance). – Joe Jul 3 '16 at 20:46
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    Since I'm struggling to see the utility in a zero-lag, on-demand valuation (as opposed to a weekly update value - what happens if there's a fat finger data entry error for a few hours) is there an example of another organization with this feature? If so, can you call them up for a reference interview and ask how they solved this? – user662852 Jul 3 '16 at 21:28

My understanding is:

  • You want strangers to be able to view the balance of your account.

  • You want people to be able to donate to the account without strangers being able to know who they are (even if you know who they are).

  • You are open to "other solutions" achieving this requirement, besides a conventional bank account.

Have you considered taking donations via a cryptocurrency such as Bitcoin? Most cryptocurrencies meet all the above criteria.

N.B. The level of anonymity offered by a cryptocurrency transaction varies from pseudonymity to quite strong anonymity, depending upon the cryptocurrency and the way the transaction is performed. You should review the available options to see which (if any) meet your requirements.

  • Thank you for your answer. I will review all the available options here. I would like to have a simple method for people to transfer money to that account. I will research this method and post here if this can be done without complexity to the people who donate. – M.C. Jul 3 '16 at 18:37
  • Bitcoin transfers are not anonymous. There is a public log that shows the id of the 'wallet' on both ends of any transfer. Depending what other transactions are connected to the donor's wallet it may or may not be easy to tell who they are. – bdsl Jul 16 '16 at 14:05
  • @bdsl yes, Bitcoin transactions are, IIUC, pseudonymous. They carry a risk of deanonymisation. There are some efforts underway to increase the privacy properties of Bitcoin. Whether the privacy currently offered by Bitcoin is enough for the OP, I can't say. So, as mentioned in my answer, the OP should review the available options to see which (if any) meet their requirements. – user13589 Jul 16 '16 at 16:48

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