The only time I want my bank to have knowledge of who and how much I pay is in the small number of cases where I need a neutral third party to be able to vouch for payment details.<p>For things like paying employees, paying my taxes, or spending other people&#x27;s money: I want maximum electronic and paper trail. Bank fees are hardly a concern.<p>For my own spending, I want no third party records even if banking fees are 0.