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By (user no longer on site)
over a year ago
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"...what a bank does if they think an older person is being coerced into drawing a lot of money out? "
Usually one of the management team is brought in and if they feel its needed they will inform the police but they have to have strong suspicions and ideally proof. |
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By *ugby 123 OP Couple
over a year ago
Forum Mod O o O oo |
"...what a bank does if they think an older person is being coerced into drawing a lot of money out?
Usually one of the management team is brought in and if they feel its needed they will inform the police but they have to have strong suspicions and ideally proof. "
Thanks  |
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By (user no longer on site)
over a year ago
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How much are you talking about? They questioned me because I wanted to take a certain amount of cash out,They wanted proof of what I was spending it on,they asked all sorts of questions and they were bloody sneaky about it too |
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By (user no longer on site)
over a year ago
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I am with the Nationwide, they freeze my account at the slightest doubt of anything untoward. Frustrating at the time, but always relieved when they explain why they did it.
Couldn't you give their bank a hint of your suspicions, and maybe they could put an alert on their account for any counter withdrawals, to be extra vigilant ? |
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By (user no longer on site)
over a year ago
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"...what a bank does if they think an older person is being coerced into drawing a lot of money out?
Usually one of the management team is brought in and if they feel its needed they will inform the police but they have to have strong suspicions and ideally proof.
Thanks "
Its difficult for the bank but high levels of cash withdrawal or large transfers to other accounts are monitored age also is a factor if someone is over 70 more notice is taken of anomalies in money transfers however there isn't always consistency with the people dealing with suspicions as they don't want to be accused of "interfering" with someone elses finances. |
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ooh this is a tricky one. you need to speak to someone you can trust...hard i know because i bet you dont trust anyone close to you at the moment. only thing i can think of us run it by a good friend who is independant over a beer. Dont mention it to anyone in the family...then maybe just maybe speak to a lawyer if you feel ifs serious enough. good luck but again dont mention if to family or anyone you think may be involved. as fore warned is fore armed. |
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By (user no longer on site)
over a year ago
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"...what a bank does if they think an older person is being coerced into drawing a lot of money out? "
yes I admit I walked behind ruggers and wanted her to withdraw £2000..I admit fooling her into thinking I had a gun in my pocket, when I was in fact hard cocked...shhh  |
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"how would they be able to tell?
By the suspicious look and manner of the person with the older gentleman."
oh i see, i wasnt trying to be funny i didnt realise the person was with them, i also just assumed it was an ATM transaction....i never have enough to warrant an in branch withdrawal  |
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By *ugby 123 OP Couple
over a year ago
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To explain..... it isn't a relative of mine.
The older man was asking for £1000, he was with a younger man who was holding onto his arm, it was raining outside and the younger man had sunglasses, baseball cap and a tracksuit top zipped up to his chin and when asked the only question of "how do you want the money " the younger man answered for him.
It was my turn next and I said "don't you think that all looks suspicious" and she said yes it does, but we can't stop him taking his money out.
 |
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By *ugby 123 OP Couple
over a year ago
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"how would they be able to tell?
By the suspicious look and manner of the person with the older gentleman.
oh i see, i wasnt trying to be funny i didnt realise the person was with them, i also just assumed it was an ATM transaction....i never have enough to warrant an in branch withdrawal "
I know, I should have explained, sorry x |
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The recommendation where an older person is making a sudden large withdrawal, is to take them into a separate room. Often, if there is a "tradesman" he will have taken the person into the bank to get the money, and will be waiting somewhere in the bank, watching. Once the older person is separated they often feel safe enough to confide in the bank staff. What often comes out is that the tradesman has been doing a lot of work round the house and keeps finding more. Intervention by the bank can often prevent a customer to lose hundreds of pounds of money. Unfortunately, although the Office of Fair Trading and Trading Standards Services called for this to become standard practice in the Banking Industry. I don't know if this ever happened. |
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"How much are you talking about? They questioned me because I wanted to take a certain amount of cash out,They wanted proof of what I was spending it on,they asked all sorts of questions and they were bloody sneaky about it too"
Sometimes this can be related to possibly money laundering. The banks have had to crack down hard on large sums of money being moved about. |
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By *ugby 123 OP Couple
over a year ago
Forum Mod O o O oo |
"...what a bank does if they think an older person is being coerced into drawing a lot of money out?
yes I admit I walked behind ruggers and wanted her to withdraw £2000..I admit fooling her into thinking I had a gun in my pocket, when I was in fact hard cocked...shhh "
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By (user no longer on site)
over a year ago
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"To explain..... it isn't a relative of mine.
The older man was asking for £1000, he was with a younger man who was holding onto his arm, it was raining outside and the younger man had sunglasses, baseball cap and a tracksuit top zipped up to his chin and when asked the only question of "how do you want the money " the younger man answered for him.
It was my turn next and I said "don't you think that all looks suspicious" and she said yes it does, but we can't stop him taking his money out.
"
Sounds like a lack of concern from the teller you could voice your concern to the manager or phone the bank they can work out who it was if they know your details and know who was in front of you. |
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By *ugby 123 OP Couple
over a year ago
Forum Mod O o O oo |
"To explain..... it isn't a relative of mine.
The older man was asking for £1000, he was with a younger man who was holding onto his arm, it was raining outside and the younger man had sunglasses, baseball cap and a tracksuit top zipped up to his chin and when asked the only question of "how do you want the money " the younger man answered for him.
It was my turn next and I said "don't you think that all looks suspicious" and she said yes it does, but we can't stop him taking his money out.
Sounds like a lack of concern from the teller you could voice your concern to the manager or phone the bank they can work out who it was if they know your details and know who was in front of you. "
Done that already
I just wondered if this is normal for banks as it just doesn't seem right at all. |
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By *ugby 123 OP Couple
over a year ago
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"...what a bank does if they think an older person is being coerced into drawing a lot of money out?
Usually one of the management team is brought in and if they feel its needed they will inform the police but they have to have strong suspicions and ideally proof. "
I got an answer back from the bank who say they have procedures when things like this happen and they are not sure why it wasn't implemented ( I am guessing it is probably what you describe on your post )
Let's hope the suspicions are unfounded and the poor man hasn't lost his money. |
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