If a confused looking person shows up to the bank, wanting to withdraw several thousand dollars, there's a good chance they're being scammed, and convinced to mail the cash. Having a policy of asking questions in situations like this can save people from losing huge sums of money.

If you try to buy thousands of dollars of gift cards you'll be questioned similarly.

Unless they are maliciously questioning all cash withdrawals, this is a fine policy. They specify over £2000, which is pretty standard.

[–] sukhmel@programming.dev 2 points 6 months ago

What you say is true, but I must note that despite such measures here and there tend to happen the "unemployed retired resident was scammed into transferring some $100 000 to scammers"

Makes me wonder just how is that possible if there are such drastic measures

[–] Bytemeister@lemmy.world 1 points 6 months ago (1 children)

When I was working retail, I stopped a few gift card scams, and that was 10+ years ago when phone and internet scams weren't as frequent as they are now. I'm not surprised about banks doing this after a few of their customers got taken for a ride and demanded that the bank do something about it.

[–] tusker@monero.town 8 points 6 months ago

I should not be suspected of crimes because someone somewhere got scammed. There should be a contract I can sign where I state that I will not hold the bank liable for mistakenly giving my money to a scammer, then they should leave me the hell alone and let me take out my own money as I please.

The baby sitting BS needs to stop. Monero is here to put an end to this crap and allow adults to conduct business.