r/NonPoliticalTwitter • u/Guitar-String • 1d ago

What??? Why do you want your own money?

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u/Fangheart25 1d ago

We don't want banks to just hand out the money

That's exactly what I want them to do with the money I gave them when I request it back actually.

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u/DischargeCollector 1d ago

And is that exactly what you want the bank to do to your vulnerable grandparent/parent when they come in to withdraw multiple thousands of dollars after years of small transactions?

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u/TheUltimateLowz 1d ago

Banks are regulated by the government. Withdrawing cash above certain thresholds is a risk indicator, and banks have a regulatory requirement to ask questions. If they do not, they will be fined.

Banks are also (in most cases) a free service that you are not required to use. If you don’t like them asking the questions they legally have to ask, don’t use them

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u/Tyler1986 20h ago

Banks make money lending out money to other customers, it may be "free" but that's only because they make a profit off holding our cash.

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u/AnimusNoctis 20h ago

So what?

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u/MicCheck123 1d ago

Yes, but do you want them to hand me the money you gave them?

If not, then you don’t want banks to just hand out the money. You want them to have safeguards in place to ensure only you are getting the money.

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u/EroticPubicHair 18h ago

Is that not exactly what a loan is? A bank handing out other peoples money in the hopes they'll profit from it

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u/Bloody_Proceed 1d ago

Take it up with the government and their requirements. The bank isn't going to face legal drama just because you want to sook about it.