[Gus]

She should be focusing on her driving

 

[Wombat2u2004]

Honey, there are scratch marks and high-heeled shoe welts on the car ceiling.
So what has been going on?

 

[Lesley Colclough]

Hi even when you give the bank notice of a larger withdrawal , they still want to dictate how you can spend your own money and it doesn’t even mean that you will be able withdraw it. I think that they take things to far at times, I understand that they might be protecting your money but it’s your money not there’s, they just want to keep their numbers up at your expense. This just it’s on for everyone.

 

[Penny4]

Geez. There's no way I would be walking out of a bank with $20,000 cash.
Hasn't she heard of a bank cheque? I realise banks will be ceasing bank cheques in the future, but not yet.

 

[Cheezil]

All about control... yet if we are scammed the big bucks, they rarely ever care enough refund us or protect us from that!

 

[Ian72]

Geez. There's no way I would be walking out of a bank with $20,000 cash.
Hasn't she heard of a bank cheque? I realise banks will be ceasing bank cheques in the future, but not yet.

 

[Penny4]

All about control... yet if we are scammed the big bucks, they rarely ever care enough refund us or protect us from that!

I think it's rather suspect with that tradie wanting that amount of $$

 

[TJ1]

I would just close my account and withdraw the lot.

 

[Jennie]

Easy solution, draw on ut the limit each day until the account is almost empty and open a Beyond Bank account. Beyond have branches and staff who let you withdraw without asking questions. Go in and close the CBA account and tell them why. It is not any business of the teller what you are spending the money on. I withdrew to buy a new car 2 yrs ago and the teller asked why so I told her I was buying a gigilo for a coupl of days. Hubby was with me and looked horrified at my answer, I just looked at her and said it is not really your bisiness is it. She had no answer, I just walked out with the money. Bugger the banks they are there to give a service to their customers, I bought, maybe not.

 

[Viellarde]

Geez. There's no way I would be walking out of a bank with $20,000 cash.
Hasn't she heard of a bank cheque? I realise banks will be ceasing bank cheques in the future, but not yet.

How would she pay several people with 1 bank cheque?

 

[Aussie all the Way]

WestPac have the $5k rule to give them 24 hours, have had it for a while. It really doesn't bother me, they told me it was to make sure about money laundering and safety for their customers. If they do stop someone from doing something stupid like giving the money to someone who is a scammer then it is doing the job.

 

[Parrot]

“ I’m going to start a new series trying to withdraw my money from CBA “
Good luck miss or Mrs ?

 

[Choff5]

Geez. There's no way I would be walking out of a bank with $20,000 cash.
Hasn't she heard of a bank cheque? I realise banks will be ceasing bank cheques in the future, but not yet.

 

[Choff5]

They are already refusing cheques.

 

[cmferal]

Been through this with another Bank would not electronic payment to settle a retirement home transfer sithout verifying it was going to them eventhough I had the paperwork with quote on it. Then had to sign a document to say I was not coerst to make purchase nor pay. Your money is. No longer yours once its banked.

 

[Wombat2u2004]

I think it's rather suspect with that tradie wanting that amount of $$

She's Chinese. She obviously has done a deal with the tradie to do the job cheaper for cash.

 

[btc3chen]

Banks in Australia are a Oligopoly ( little competition) It is a wink-wink-nudge-nudge banking club. competition keeps big corporate bullies honest. If Commbank treats you they way you do not approve, then withdraw all the money on the spot and put it in another bank. If you continue to bank with the bank that mistreats you, then you are only rewarding bad behaviour. I have a bank account with all 6 major banks in Australia for years so that I can do just that it one Pi$$ me off I draw down and take money out immediately while we are having a disagreement. and have another bank account ready to take it. Ask for Cash withdraw of 99% of the account balance, that will shock them and they will say they don't have all that amount in cash. That's okay you tell them, if they don't have all that cash, ask them to fee free bank draft. They have to give that bank draft for free as they cannot give it to you in cash. have the bank draft made out to yourself in one of your other bank account. Having more than one bank account is a survival strategy so as not to be screwed by these banks. Don't close the bank account just withdraw all but leave one dollar in it to keep the account open for another future date.
Plan your cash withdrawal. do it in chunks of $9,990.00 (keeping it under the Austrac reporting, another big brother surveillance strategy). spread you money across several bank accounts if you have large amounts of money. It is a strategy of spread your risk so if you have issues with one bank at least there are others that may not have issues. Also spreading your risk to ensure you are covered by the federal government deposit account insurance. Big Banks are never to be fully trusted especially when they have so much market power. Do you trust the bank where a CEO get $12million dollar sallary puls another several more million in bonuses. He is not looking out for his customers, he is looking to his customers as to how much he can squeeze out to fill his annual bonus bag of gooddies.
There are now many other banks in Australia to choose from for your everyday banking. the smaller banks treat their customers like real people and not just another sucker for them to collect fees from. But when choosing another bank make sure the "other" bank does not belong to the same banking group that just recently Pi$$ you off. Like Bank West is part of Commbank and Judo bank is part of NAB, St George and Bank of Melbourne is part of Westpac. so do your research. Commowealth bank trend to upset their customers more because they have the biggest bank loan portfolio and is the largest by market share and market cap. so they tend to be bureaucratic and treat all their customers as cash cows to feed their CEO and board members annual bonuses.
The end game is the big banks don't want you to use cash as it is a payment system that they cannot skim fees from. If you pay with credit card , debit card or other forms of electronic payment fees are being charged even if you the customer may not see it, usually the merchant is the one that has to pay. It is their strategy to completely control you the customer. Ask the Greeks in Greece what happened when the banking system froze and geek citizens could not get "their" money just to buy everyday goods to live.
While there are incidence of scammers and crooks around, no one looks after your own money better than yourself.

 

[Penny4]

How would she pay several people with 1 bank cheque?

Several bank cheques made out to different tradies. However, she or the tradies didn't want to do that. I would think that $20,000 cash withdrawal would take one week to order. Banks don't stock that kind of money every day. She sounds simplistic in her thinking.

 

[Southwheel]

Whose money is it anyway? The banks are there to provide a service of safekeeping. They are not there to police how you spend it. I understand that transactions over 10K have to be reported, that’s the same everywhere, but the nature of the distribution itself shouldn’t be.