HSBC restricting cash withdrawals in UK - page 3.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: retrend on January 24, 2014, 10:15:33 PM

http://www.bbc.co.uk/news/business-25861717

Refusing to give customers the cash unless they provide an adequate reason. People suitably unimpressed at having less control of their money in a bank than they thought.

Banks are funny. They don't get the concept of it being our money not theirs ..... another good reason to eliminate them, especially HSBC.

HairyMaclairy

legendary

Activity: 1414

Merit: 2174

Degenerate bull hatter & Bitcoin monotheist

My grandmother had Parkinson's disease (reduced her ability to think clearly) and was nearly scammed out of her savings by cold callers. Only the family intervened in time.

There do need to be protections for people with low mental ability. Nigerian scams still take in 100s of millions every year.

There are a lot of dumb people out there that need protecting. HSBC overstepped the mark here though. It's a tough balance to achieve.

lucaso

newbie

Activity: 12

Merit: 0

Such policy is just good for money - bank money. But I think you could find a bank in UK that doesn't have such policy, so in case like that I would change my bank - instantly.

To be honest its same for Bitcoin, miners can confirm your transaction when they decide you paid enough fee. Intention is same.

meanig

hero member

Activity: 531

Merit: 501

Banks in the UK have had cash withdrawal policies like this for years. Getting out anything over £500 is a pain.

retrend

sr. member

Activity: 476

Merit: 251

http://www.bbc.co.uk/news/business-25861717

Refusing to give customers the cash unless they provide an adequate reason. People suitably unimpressed at having less control of their money in a bank than they thought.

Topic: HSBC restricting cash withdrawals in UK - page 3. (Read 4965 times)