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/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> Ok some one in the UK please explain... /cgi-bin/YaBB.pl?num=1390771394 Message started by Pine on 01/26/14 at 13:23:14 |
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Title: Ok some one in the UK please explain... Post by Pine on 01/26/14 at 13:23:14 Just flippin through the daily Yahoo news and found this: http://news.yahoo.com/blogs/sideshow/prove-it--bank-blocking-customers-from-making-large-withdrawals-without--evidence--of-spending-need-222425920.html So the last two lines: A Conservative member of the British Parliament said the change in policy “infantilizes the customer.” However, the head of retail at the British Bankers Association defended the policy. "I can understand it's frustrating for customers,” Eric Leenders told the BBC. “But if you are making the occasional large cash withdrawal, the bank wants to make sure it's the right way to make the payment." Really people.. its MY money... if I want to take 30000 pennies to pay someone... then I have the right ( yes I did that once). Since when does a bank have say in what you do with your own money? But seriously.. explain how a bank has ANY right to "make sure" how I do anything? |
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Title: Re: Ok some one in the UK please explain... Post by mpescatori on 01/26/14 at 14:21:47 I can explain that, and I need not be British, nor American. One only has to think in "greedy" terms. If you deposit 50.000 in the bank, the bank invests that money... for you? ;D Of course not! They invest that money for themselves! ;) BUT if you withdraw more than the "average" amount (i.e. saturday shopping, gas money, bills etc.) you are actually causing a "ripple" in your bank's money flow. Mind you, it's YOUR money, but it's THEIR bank. So, it's like having your fridge in your dietician's house... it's your food, but he doesn't like you coming and going... for your own good, of course... ;) |
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Title: Re: Ok some one in the UK please explain... Post by justin_o_guy2 on 01/26/14 at 16:28:39 Actually, Pesci, In the USA, theres a movement to get the people understanding that, once deposited, that $$$ is the Banks $$.. & there is also the push to move people to a cashless society,, we are starting to see banks telling people that they cant take more than a few thousand $$s,, if they do, there will be a "suspicious transaction report" generated to the feds. People need to wake up to the tyranny that is being built up. |
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Title: Re: Ok some one in the UK please explain... Post by mpescatori on 01/27/14 at 04:27:15 2C3335322F2819291921333F74460 wrote:
That's already happening here, you can't spend any more than €1000 in cash, higher amounts MUST be either via check or credit card or transaction. They claim it to be an "anti-corruption crusade"... :-? |
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Title: Re: Ok some one in the UK please explain... Post by OldSport on 01/27/14 at 09:29:33 I'm not sure what the amount is now, but I was told a few years ago by a local bank official that if you made a withdrawl or deposit of $10,000 or more the bank had to report it to the US government. He said a $9999 would go unreported at that time. I was also told that the vertical strip you can see in current currency has a magnetic signature so they can detect large amounts of cash from outside a building. Supposedly that was to help the DEA locate drug and money caches. Not sure about that, but the new moneylooks more like monopoly money all the time. It gets closer to having the same value everyday. |
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Title: Re: Ok some one in the UK please explain... Post by Paraquat on 01/27/14 at 11:14:14 Amounts over $10,000 do have to be reported. When I purchased my home I came in with 15k. I needed another 15k to bring 20% to the table and avoid a variable rate so I borrowed it from my parents (and thank God I did). Paying them back was nothing compared to the rate hike in which tons of people lost their homes. Anyway, I had to report the cash because it was over 10k. I've heard the magnetic strip theory before. With RFID I don't see why it isn't possible. When I was younger and the strips first came out I used to slice the bill open with a razor blade and extract the strip. I haven't the free time these days. I have heard a rumor if you cut the strip out of a 5 and tape it to a 1 then some vending machines believe you fed them a 5 and will issue change appropriately. I haven't tested this for myself. --Steve |
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Title: Re: Ok some one in the UK please explain... Post by oldNslow on 01/27/14 at 17:21:53 Well, that didn't take very long. http://www.zerohedge.com/news/2014-01-26/furious-backlash-forces-hsbc-scrap-large-cash-withdrawal-limit |
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Title: Re: Ok some one in the UK please explain... Post by arteacher on 01/27/14 at 19:17:46 Who in their right mind would risk carrying that kind of bread around with them anyway? Opps, I forgot.... you guys all carry guns. ;) |
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Title: Re: Ok some one in the UK please explain... Post by Pine on 01/28/14 at 11:09:51 363D3D343837362C2D590 wrote:
See now that would be a legit question.. but then how often do you looking to buy say a used car or bike and take cash? I mean really it is sooo common they even show it on things like Fast and Loud ( car show). When all the talk is over... if you whip out cah on the spot... the sale is moving much faster than if you whip out a Credit card or the old check book. Both of my bikes were bought with CASH.. not a CC, not a check... CASH. YOu want o make a deal?? bring the CASH. |
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Title: Re: Ok some one in the UK please explain... Post by justin_o_guy2 on 01/28/14 at 17:40:14 Anything it takes to fall on the knees & worship at the feet of tyranny & make the victim wrong. It is anyones right to carry THEIR cash,, If someone thinks it foolish, fine, but that doesnt change a mans right to have HIS money in HIS hands when HE wants it, without ANYone raising an eyebrow,, CAN $$$ be used for illegal things? Yep,, But when did AMERICA become a "Guilty till proven innocent" country instead of "Innocent till proven guilty"? |
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Title: Re: Ok some one in the UK please explain... Post by arteacher on 01/29/14 at 06:46:03 152C2B20312A37450 wrote:
See now that would be a legit question.. but then how often do you looking to buy say a used car or bike and take cash? I mean really it is sooo common they even show it on things like Fast and Loud ( car show). When all the talk is over... if you whip out cah on the spot... the sale is moving much faster than if you whip out a Credit card or the old check book. Both of my bikes were bought with CASH.. not a CC, not a check... CASH. YOu want o make a deal?? bring the CASH. [/quote] For major purchases like that I use a bank drought. The kind that you sign over. |
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Title: Re: Ok some one in the UK please explain... Post by Paraquat on 01/29/14 at 11:11:47 5D4244435E5968586850424E05370 wrote:
I made this same argument here in Connecticut. All "large capacity magazines" must be declared. Anything now deemed an "assault weapon" must be registered. That's find and dandy because firearms have unique serial numbers and you get receipts and transfer forms. Magazines, of any type, make model or size, don't. Magazines are now "declared". Not registered. Because it's not registered you are not issued a receipt. (IF you read into this that means they probably already created a database) So assume someone gets pulled over and the officer, eventually, ends up searching the vehicle and finds a "large capacity magazine". I see it going two ways: A) "Is this a large capacity magazine?" "Yes." "Did you register it?" "They don't have to be registered, only declared. Because it's declared and no receipt was issued I can't prove it was." "Ok, you're going to jail." B) "Is this a large capacity magazine?" "Yes." "Did you register it?" "Can you prove I didn't, pig?" *As he is beating you senseless or tazering your face* "Stop resisting arrest, sir" --Steve |
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Title: Re: Ok some one in the UK please explain... Post by verslagen1 on 01/29/14 at 11:27:37 3A252324393E0F3F0F37252962500 wrote:
A more appropriate response... You guys remember the hooker traveling xcountry with a large some of money? confiscated during a traffic stop? Had to take her case to court to get her money back? And numerous others for much smaller amounts. It all amounts to illegal search and seizure, I don't know how they get away with it. |
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Title: Re: Ok some one in the UK please explain... Post by old_rider on 02/04/14 at 17:05:13 LOL! What do you want the money for sir? uMMM, nunya goldurn business pencilneck! I put my money in there, now I want it back! You gonna give it to me or do I call my lawyer and channel 3 news to get everyone who has money in this bank to come withdraw all their money tomorrow cause you don't have mine? |
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