11 votes

Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit - zerohedge

via Zerohedge.com
1-26-14

Following the quiet update that HSBC had decided to withhold large cash withdrawals from some if its clients - demanding to know the purpose of the withdrawal before handing over the customers' money - it appears the anger among the over 60 thousand readers who found out about HSBC's implied capital shortfall just on this website, has forced HSBC's hands.

The bank issued a statement (below) this morning defending their actions - it's for your own good - but rescinding the decision - "following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals." After all the last thing the bank, which over the past few years has been implicated in aiding an abetting terrorists and laundering pretty much anything, wants is an implied capital shortfall to become an all too explicit one.

Via HSBC - Statement On Large Cash Withdrawals:

read more http://www.zerohedge.com/news/2014-01-26/furious-backlash-fo...




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Standard procedure in China

Any transaction over $3,000 has to have a reason in China. Welcoming the rest of the world to draconic banking laws.

Could Always......

Could always tell them that you want to use your cash for toilet paper, which is all it is going to be worth someday in the future anyway! haha

Thank goodness my real greenbacks

Are in my garden in Tennessee. kale, turnip and collard greens. Along with my Junior Mogambo Ranger Bunker. This stuff is sweet.

Asian stock markets down

Looks bad for stocks on Monday. Gold and silver are up. Has the SHTF?

Infowars reported on a zerohedge story stating that Lloyds cards

also were not working today, but they are now.

Couldn't find the story on zerohedge - maybe they pulled it.

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

My two cedit cards did not work today.

In Florida last three weeks helping my aged parents Have used one credit card for three weeks.in Florida. Today that credit card from BOA would not work . I used my other credit card capitol one that I rarely use . zero balance.It did not work either. My credit rate is in the 700+. Called both cards. They gave me the run around. They asked that I should have told them that I was in Florida. Went through many hoops to identify myself .I told Bank of America. I will see them tomorrow for a big cash withdrawals . I believe something big is about to drop. Time to hold cash again. Debit cards ,credit cards The old saying goes if cash is not in your hands you don't have any.

Thanks for the HSBC update...

Amazing how powerful the 'public' is...
over less than the week-end... the HSBC 'policy' outrage went VIRAL!
And in less time than it takes for them to cry "OH SHITTTTTTTTT!!!"...
they rescinded the policy!!
It shows even the bastardbankers can be SHOVED into place.

Withdraw ALL paper assets from banks NOW!

Cannot be overstated, has been said multiple times before. But things have started unraveling faster than my personal prediction.

Go to following thread & watch the video @ top of that video.

http://www.dailypaul.com/297164/short-video-money-is-not-saf...

PAPER ASSET FUNNY MONEY is commercial banks is BOGUS!

Withdraw ALL paper assets from banks NOW!!!

Force HSBC, JPMorgan Chase, Deutsche Bank, Barclays, all bunch of them criminals to collpase.

Throw Jamie Dimon & Jon Corzine criminals into dungeons where they belong & emancipate mankind by withdrawl of paper assets.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71