How dare they tell people that they can't have their own money..... this is disturbing!!
My son saw this on the news yesterday and emailed the link to the story but it was another one of those links that went missing in cyberspace....
I just saw it on Red Ice.....
There are many people who would consider these sums of money.... chicken feed and not large sums at all. Everyone works for their money, and banks have NO RIGHT to say they can't have it. In other words they are stealing the customers money..... Since when have banks cared about customers? Hitting customers with all sorts of ridiculous fees to take their money.
Prove it: Bank blocking some customers from making large withdrawals without ‘evidence’ of spending need
Read more @ http://www.redicecreations.com/article.php?id=28682
My son saw this on the news yesterday and emailed the link to the story but it was another one of those links that went missing in cyberspace....
I just saw it on Red Ice..... There are many people who would consider these sums of money.... chicken feed and not large sums at all. Everyone works for their money, and banks have NO RIGHT to say they can't have it. In other words they are stealing the customers money..... Since when have banks cared about customers? Hitting customers with all sorts of ridiculous fees to take their money.
Prove it: Bank blocking some customers from making large withdrawals without ‘evidence’ of spending need
If you bank at HSBC in England, don’t plan on making any large cash withdrawals. At least not without a good explanation. Or, maybe even a permission slip.
That’s because a previously unannounced change in banking policy is blocking some customers from making large withdrawals without “evidence” explaining why they need the money from their accounts.
The policy affects customers attempting withdrawals for amounts as little as £5,000 ($8,253).
HSBC says it’s all done in the name of customer protection.
"We have an obligation to protect our customers, and to minimize the opportunity for financial crime,” HSBC said in a statement. “However, following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal. We are writing to apologize to any customer who has been given incorrect information and inconvenienced."
The change in approach comes after the BBC aired reports from multiple HSBC customers who said they were denied in their recent attempts to make cash withdrawals.
Banking customer Stephen Cotton says he attempted to withdraw approximately $11,000 to repay a loan from his mother but was blocked from doing so.
Read more @ http://www.redicecreations.com/article.php?id=28682
