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Thursday, January 30, 2014

HSBC Bank refuses to give customers their money unless they can prove a good reason for needing it

International bank HSBC has been restricting its customers from withdrawing large sums of cash if they can’t provide a good enough reason for why they need it.
The policy was brought in to effect in November 2013 , but customers were not notified of it. The rule was uncovered after the BBC’s “Money Box” program began investigating complaints by customers that they were being refused access to their accounts unless they could demonstrate a need for their money.
One customer, Stephen Cotton, who wished to withdraw $11,000 to repay his mother said, “When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved.”


Read more: http://dailycaller.com/2014/01/29/bank-refuses-to-give-customers-their-money-unless-they-can-prove-a-good-reason-for-needing-it/#ixzz2rrNYTr67

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