Quote:
Originally Posted by davebtelford
I don't think it's entirely unreasonable for banks to use caution when issuing large sums. For one it's not really safe to be carrying £1000s around the streets in your handbag & we sometimes hear of people being scammed by rogue builders etc and forced to withdraw money in payment. There are often better methods of transferring cash - debit card, on-line transfer or banker's draft. (Just saying.)
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You've a valid point Dave,Personally I think there's a far more sinister motive behind them trying to control our money.
Maybe to boost the bank's capital reserves so they meet higher ratios imposed on the banks in the wake of the financial crisis.Its easier to use our cash than build up their own reserves which would impact their profits and thus the bankers bonuses.
Remember Bank is a 4 letter word
