RELATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

BBC News
January 26, 2014

HSBC's latest rule follows a worldwide trend towards capitol controls by major banks. Credit: ell-r-brown via Flickr
HSBC’s latest rule follows a worldwide trend towards capital controls by major banks. Credit: ell-r-brown via Flickr

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.

Read more

ALSO RELATED:
Cyprus Bank Deposits Plunge By Most Ever During “Capital Controls” Month

Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe


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