HSBC imposes restrictions on large cash withdrawals

HSBC imposes restrictions on large cash withdrawals

By Bob Howard Reporter,
Money Box

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.

HSBC admitted it has not informed customers of the change in policy, which was implemented in November.

The bank says it has now changed its guidance to staff.

New rules

Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.

A year before, he had withdrawn a larger sum in cash from HSBC without a problem.

But this time it was different, as he told Money Box: “When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved.”

Mr Cotton says the staff refused to tell him how much he could have: “So I wrote out a few slips. I said, ‘Can I have £5,000?’ They said no. I said, ‘Can I have £4,000?’ They said no. And then I wrote one out for £3,000 and they said, ‘OK, we’ll give you that.’ “

He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.

Continue reading the main story

“Start Quote

As this was not a change to the Terms and Conditions of your bank account we had no need to pre-notify customers of the change”

End Quote HSBC customer letter

He wrote to complain to HSBC about the new rules and also that he had not been informed of any change.

The bank said it did not have to tell him. “As this was not a change to the Terms and Conditions of your bank account, we had no need to pre-notify customers of the change,” HSBC wrote.

Kaua’i city council slaps down Monsanto with unprecedented new restrictions on GMOs and toxic pesticides

Kaua’i city council slaps down Monsanto with unprecedented new restrictions on GMOs and toxic pesticides

NaturalNews) A milestone has just been achieved on the island in Kaua’i, where the city council passed measure 2491 which places unprecedented new restrictions on toxic agricultural chemicals frequently used in conjunction with GMOs.
Few people realize that Kaua’i is ground zero for chemical experimentation in agriculture. The island hosts 15,000 acres of crop lands which are experimentally exploited by biotech companies and chemical manufacturers. As a result, Hawaiians who live on Kaua’i are exposed to a toxic cocktail of synthetic chemicals on a routine basis.
The bill passed by a vote of 6 to 1, with councilman Mel Rapozo siding with the biotech industry and voting no. Hawaii Governor Abercrombie appears to be set against the bill and tried to block its passage. The biotech industry, as usual, has been busily engaged in false, defamatory, deceptive and even criminal actions in trying to block this city council measure. The industry, for example, routinely bribes scientists to publicly oppose bills restricting GMOs while falsely claiming they have no financial ties to the industry.

What 2491 establishes and requires

The protection provisions of 2491 require:
1) Buffer zones between chemical fields and schools, parks, beaches and hospitals.
2) Disclosure of GMO crops (until now, they have largely remained a secret).
3) Public notification before chemical spraying so that concerned citizens can leave the area and limit their exposure.
4) A county-level environmental assessment of the potentially hazardous effects of the toxic chemicals being sprayed on agricultural crops.
5) Full disclosure of the exact pesticides and herbicides being sprayed, as well as location details of where spraying is taking place.

Help support Hawaii’s continued victory against toxic agriculture

An email sent to me by key proponents of 2491 says:
Our massive campaigns across Hawai’i will continue over the next few months, we must pass Bill #113 on Hawai’i Island. On Oahu, after 18 months of pressure, it is time for Kamehameha Schools to EVICT MONSANTO from Hale’iwa. The largest lease to any GMO company on Oahu is the Kamehameha Schools lease of 1,033 acres above the most famous surf breaks in the world. No environmental assessment of chemical contamination has ever occurred in Hale’iwa. Any day, the chemical companies will file a lawsuit to block the implementation of 2491. The chemical companies are fighting for [their desire] to spray toxic chemicals, (many of them are banned throughout the world) less then 500 feet from schools, such as Waimea Canyon Middle School.

Where to learn more about GMO justice in Hawaii

Hawaii GMO Justice: http://www.facebook.com/HawaiiGMOJustice
Stop Poisoning Paradise: http://www.stoppoisoningparadise.org
Hawaii Seed: http://hawaiiseed.org
Kaua’i Rising: http://kauai-rising.org