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WARNING - HSBC Prevents Large Cash Withdrawals Without Proving It Is Needed (It Is Their Money, Not Yours?)

World  (tags: Banksters, HSBC, Money Denied )

- 1581 days ago -
British customers of HSBC were prevented from withdrawing large sums of cash unless they provided proof that it was needed. The bank did not tell customers about the new policy. Customers were prevented from withdrawing sums ranging from £5,000 to £10,000

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Sam H (410)
Saturday January 25, 2014, 8:24 pm
That's so EASY to fix. Take ALL your money out!

Roseann d (178)
Saturday January 25, 2014, 10:12 pm
Agreed Sam. I was just going to say, I would switch banks.

Frances Darcy (133)
Sunday January 26, 2014, 3:22 am
change banks...

Dogan Ozkan (5)
Monday January 27, 2014, 4:49 am

Maggie Kearns (7)
Monday January 27, 2014, 4:55 am
Sadly,one woman stated that they wouldn't ALLOW her to close her account UNLESS she was moving away from the area!!! Otherwise, it would take several months to process!

cecily w (0)
Monday January 27, 2014, 4:57 am
BUT this practice might spread to other banks in the U.K. or even to other countries like the U.S. My first thought was that the bank might have insufficient cash reserves, but who knows?

BTW, U.S. residents--You probably know about your annual credit report and the credit reporting agencies. Did you know that there also are now certain "consumer reporting companies" can now collect information from banks and credit unions on aspects relating to a consumer's checking account, such as the reason an account was closed? Under the Fair Credit Reporting Act, you are also entitled to an annual free report from these companies OR The net is tightening--even over what you do with your own money.

Rhonda B (106)
Monday January 27, 2014, 6:35 am
switch banks.
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