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HSBC imposes restrictions on large cash withdrawals

Posted on January 25th, 2014 at 13:41 by John Sinteur in category: News -- Write a comment

[Quote]:

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4′s Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

HSBC admitted it has not informed customers of the change in policy, which was implemented in November.

“Why do you want to withdraw this large amount?”

“I’m closing my account and doing business with a bank that can mind it’s own f’n business!”

I wonder how they’d react to “I am going to buy drugs from the Sinola Cartel

  1. I think that’s the point.

    If you were using HSBC and in that kind of cash business they don’t want you anymore. The fact that they’ll lose other customers (like Mr. Saachi, who apparently keeps his cash in a box on top of the fridge) has probably been factored in as better than being put in the naughty box again.

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