Why does my bank want to know the purpose of my withdrawal?
Discussion
Off today to buy a motor 
But in order to get the readies I’ve had to phone my bank to get them to raise the daily ATM limit to 2k, which is the max they will do each day, so I can get the readies. Because of the amount (3.5k) I’ve had to do it on 2 days, although I’ve actually had to ring 3 Times - Friday, sat and sun as in the end I wasn’t able to get a chance to withdraw it on Friday.
Anyhoo, each time I’ve rung they’ve had to go through a script and say, because of the large amount they need to know what it’s for, but in a polite way. As I’m weak I just cave and tell them, to buy a car.
But, why do they need to know this? What if I was belligerent and told them to mind their own? Also, on the last 2 times they were chatty and asked what I was buying, and then claimed to like those cars themselves etc. It really felt (conspiracy hat on) not genuine ie as if they were checking if my story was likely. I also wondered if on the second convo if I changed the vehicle to be say a transit van or whatever, it would have flagged up as incompatible with what I had last said, and cause a flag / hold to be put on.
TL;DR
Are they watching me
But in order to get the readies I’ve had to phone my bank to get them to raise the daily ATM limit to 2k, which is the max they will do each day, so I can get the readies. Because of the amount (3.5k) I’ve had to do it on 2 days, although I’ve actually had to ring 3 Times - Friday, sat and sun as in the end I wasn’t able to get a chance to withdraw it on Friday.
Anyhoo, each time I’ve rung they’ve had to go through a script and say, because of the large amount they need to know what it’s for, but in a polite way. As I’m weak I just cave and tell them, to buy a car.
But, why do they need to know this? What if I was belligerent and told them to mind their own? Also, on the last 2 times they were chatty and asked what I was buying, and then claimed to like those cars themselves etc. It really felt (conspiracy hat on) not genuine ie as if they were checking if my story was likely. I also wondered if on the second convo if I changed the vehicle to be say a transit van or whatever, it would have flagged up as incompatible with what I had last said, and cause a flag / hold to be put on.
TL;DR
Are they watching me
Bill said:
Why wouldn't you just use a bank transfer?
Or do you subscribe to the Mike Brewer "'old out yer'and" school of haggling?
Last couple of occasions I’ve bought motorbikes I’ve done that. Then been sat in the vendors house all day while the fOr do you subscribe to the Mike Brewer "'old out yer'and" school of haggling?
king banks divert it into a fraud check account and don’t know what they’re on about when you phone. It’s hell.An increasingly popular tactic for fraudsters is to call victims and convince them that their bank is holding counterfeit currency in their account, and that the bank staff at their local branch along with the local police may be in on it. The fraudsters instruct the victim to go to the branch and withdraw the 'counterfeit' money, which will then be collected by a courier. The bank will subsequently refund the customer with 'real' notes. They keep the customer on the phone throughout the process, which can take hours, and are often given a cover story to tell staff when challenged about the reason for the withdrawal.
There are dozens of victims of this method, and most have their life savings cleared out.
Aside from that, there are the well-versed rogue traders who will vastly inflate costs, again often getting victims to hand over their life savings.
Bank staff are being made aware of these tactics, leading to questions being asked more frequently where suspicion is aroused.
There are dozens of victims of this method, and most have their life savings cleared out.
Aside from that, there are the well-versed rogue traders who will vastly inflate costs, again often getting victims to hand over their life savings.
Bank staff are being made aware of these tactics, leading to questions being asked more frequently where suspicion is aroused.
CoolHands said:
Last couple of occasions I’ve bought motorbikes I’ve done that. Then been sat in the vendors house all day while the fking banks divert it into a fraud check account and don’t know what they’re on about when you phone. It’s hell.
Ah, ok. I obviously have an innocent face because it's always gone through disturbingly quickly when I've done it.king banks divert it into a fraud check account and don’t know what they’re on about when you phone. It’s hell.sidicks said:
BoRED S2upid said:
Everyone says to buy a car. It really is non of their business.
It really is! As explained above, money laundering regulations.And as above if you were buying Coke and Hookers then you wouldn't tell them anyway.
sidicks said:
BoRED S2upid said:
Everyone says to buy a car. It really is non of their business.
It really is! As explained above, money laundering regulations.Countdown said:
Monkeylegend said:
Wouldn't you just love to tell them it's for booze and hookers, just to see the look on their face.
Buying booze or hookers isn't illegal is it.....?(Asking for a friend....)
Just noticed it has already been posted above. Note to self read threads properly before posting
Gassing Station | The Lounge | Top of Page | What's New | My Stuff