Having bank accounts in different countries, I'm not shocked by banks having limits on how much can be withdrawn from ATMs. However, this is usually a thing that can be fixed by simply going to a teller, giving 2 pieces of ID, answering some security questions and asking for the same amount. I've never heard of banks refusing to give the money even after the customer has shown up in person to withdraw the money. I hope that the British people rightfully punish this HUGE property rights violation and run a train through HSBC's ass by taking their business elsewhere.If you bank at HSBC in England, don’t plan on making any large cash withdrawals. At least not without a good explanation. Or, maybe even a permission slip.
That’s because a previously unannounced change in banking policy is blocking some customers from making large withdrawals without “evidence” explaining why they need the money from their accounts .
The policy affects customers attempting withdrawals for amounts as little as Ł5,000 ($8,253).