UK banks only allowing 3k withdrawals.

[schmuckley]

This is not good.

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

 

[Brainonska511]

Your article speaks only of HSBC's policies. What other banks are involved?

 

[MomentsofSanity]

And as I understand it HSBC has already rescinded that policy.

 

[Vic]

" The bank says it has now changed its guidance to staff."

Misleading headline. Stupid policy.

Banks can ask questions about large withdrawals but they should never refuse the funds pending further documentation unless there's a CIP stop.

 

[OverVolt]

Gotta have 3k to withdraw to begin with.

 

[rudder]

This only affects people without kids..

 

[Ken g6]

This only affects people without kids..

From TFA:

Peter from Wiltshire, who wanted his surname withheld, had a similar experience.

He wanted to take out £10 000 cash from HSBC, some to pay to his sons and some to fund his long-haul travel plans.

Not that they didn't fix the policy anyway.