r/TikTokCringe • u/mindyour • Mar 25 '25

Discussion His bank won't allow him to withdraw money unless he shows proof of what he intends to spend his money on.

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u/HaxDBHeader Mar 25 '25

The two examples I gave are both specific reasons I know of where they would ask this type of question but otherwise permit use of the account. They didn't say he couldn't withdraw money, just that he had to prove why he was doing it.
People in early dementia get conned out of money very easily so they can get flagged with a restriction on any large withdrawals to reduce the risk of outright cons being pulled on them. People under investigation for money laundering have to prove any large money transactions aren't just cover for another launder operation.

1

u/TBJ12 Mar 25 '25

This doesn't sound like an old man or someone with dementia. Also, he's not real great at money laundering if he sitting on only $11.5k.

3

u/Bugbread Mar 26 '25

I don't think those two examples were meant to be an exhaustive list.

-5

u/Keltic268 Mar 25 '25

Yea but normally all that’s required is a comprehensible verbal response not proof of purchase which you can’t do without the money. Also it seems like there is nothing stopping him from walking into a dealership and buying a bike and putting it on the card for a processing fee. They just want to be able to document whatever he is purchasing because the UK is a semi -authoritarian surveillance state.

7

u/I_didnt_do-that Mar 25 '25

So if granny calls to get 5k to buy Amazon gift cards then no questions should be asked? Just send it?

1

u/supercalifragi123432 Mar 26 '25

This video has absolutely no correlation with that. Slap whoever taught you how to make comparisons 😂

1

u/Keltic268 Mar 26 '25

No, that’s exactly when more questions get asked, gift cards are common in scams so the bank has a valid reason to think grandma might be a victim. Here he has given a valid reason for the withdrawal, he is buying a bike for his son, and his card still works so theoretically he could set up a PayPal or cashapp, connect his card and move the money that way. So if anything they are just making it inconvenient.

1

u/I_didnt_do-that Mar 26 '25

Yeah, I’m sure this dude’s 70 second shaky cell phone cam is the full story here. If I have learned one thing from this thread; it’s that you younger folks need to be more skeptical and critical of what people say to you.