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Mtl JP  04:06:43 GMT - 01/26/2014  
Mr. Cotton's (and others) display of naivete is beyond pathetic.. (maybe blame the high school system ?) ..."You shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours."
-
When one makes a deposit at a bank, the bank registers the deposit as a LIABILITY on its books. Should the bank go tits up, a depositor is nothing more than one amongst a (possibly) million other creditors in line ... there is NO SUCH THING as MY MONEY once one hands it over in a deposit to a bank.

Elementary civic education 101 ... lacking. Never too young to start.... I guess


dc CB  16:37:52 GMT - 01/25/2014  
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from 5,000 to 10,000.

BBC






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