Economy

DemReadingDU

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27. HSBC imposes restrictions on large cash withdrawals

Fri Jan 24, 2014, 09:05 PM

Jan 2014

1/24/14 HSBC imposes restrictions on large cash withdrawals

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.

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

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

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