from Off Grid Survival:
HSBC Bank Customers are being told they will have to prove why they need their own money before being allowed to withdrawal it from their accounts.
Over the weekend, people who bank at HSBC in England were shocked to learn the bank had implemented a new policy blocking customers from making “large” withdrawals without evidence explaining why they needed the money. The news angered customers, and ignited fears and rumors of a bank run.
HSBC admitted they had not informed customers of the new rules, but insist they implemented the changes to protect their customers from financial fraud. But facing an uproar from clients who were unable to withdrawal money over the weekend, because they couldn’t give a satisfactory explanation of what the money was for, the bank says it’s reexamining the policy.
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