This isn’t actually new. Here in Canada, for at least a few years – predating COVID, the big four banks have been routinely asking you why you are taking cash out whenever you withdraw anything over a couple thousand dollars. However, you can tell them pretty well anything (“because I want it”, “none of your business” or even “to blow it all on booze and hookers”, will all work). I haven’t heard of a case where a withdrawal has been denied based on the reason supplied, yet.
But now that we’re starting to see it formalized in policy language of banks, we can all see where this is going.
The war on cash has been in full swing for a long time, India banned large denominations bills in 2016 and will now start eliminating them from the monetary base. France has been signalling a prohibition on cash payments over 1,000 francs since 2013 and finally, quietly, it seems, made it part of the framework this year.
every time i go out of town and use a credit card the card company shuts off the account and i have to call them and tell them i'm on vacation or whatever and to please let me use my money and then swear i'll get back in the normal wage cage within 5 business days.
Thank you for your sign on the front door. Please know that i will be withdrawing all of my savings and checking account monies from your bank in order to begin a new checking and savings account with another bank. Your cooperation in handing me all of my money will keep the Canadian Banking Regulators out of this branch. If you wish to continue having me as a customer please tell your Board of Directors to take down this notice. Thank you.
Why read the articles when you can just reply to the headline? Reminds me of a running joke on a local talk radio station "I'm a long time caller and first time listener"
learn to read.. thats England stupid...
Same thing. They're all British monarchy. Anyways the article describes how it's been happening in canada for years.
Oi Canada is half Frog, and I bet that's the frog part.
I always tell them I am going gambling in Vegas. Turns out I go every two weeks. ;)
“Give me the fiat currency for which I worked or you won’t walk out of here alive.”
We need sound money
every time i go out of town and use a credit card the card company shuts off the account and i have to call them and tell them i'm on vacation or whatever and to please let me use my money and then swear i'll get back in the normal wage cage within 5 business days.
Thank you for your sign on the front door. Please know that i will be withdrawing all of my savings and checking account monies from your bank in order to begin a new checking and savings account with another bank. Your cooperation in handing me all of my money will keep the Canadian Banking Regulators out of this branch. If you wish to continue having me as a customer please tell your Board of Directors to take down this notice. Thank you.
Seriously
This wont end well.
Source https://www.zerohedge.com/personal-finance/withdrawing-your-own-cash-natwest-bank-wants-know-why-and-see-proof
It's both article describes such
Why read the articles when you can just reply to the headline? Reminds me of a running joke on a local talk radio station "I'm a long time caller and first time listener"
They're here to demoralize not to contribute
"We have to make sure all your money is going to jews."
We use dollars in Canada not British pounds.
Yea, you guys got that funny money with loonies and shit on it.
Or your bills which feel like plastic.
What, really? No way
Fucking commie bastard Turdeau and commie jewish bankers.
Wifey just got a possible transfer/promotion to move to calgary….nope. I’ll take why to live in Texas for $1000, Alex. Not that it’s any better.
Alberta is kind of the Texas of Canada.
Cold AF though.
That's not Canada, faggot.