Comments by "J Smith" (@jsmithmultimediatech) on "Leilani Dowding told by bank 'Government needs to know' what she's spending money on | Mark Steyn" video.

@smallfeet4581 also when a customer takes a case to the FoS I think the bank has to pay for it, know Ofgem did do at least but not sure with the FoS and it's not cheap either.
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Has nothing to do with control of your money, since scams are on the rise (lately Scotland Yards closed down a major site showing people's personal info for using to scam people) it's so if the money you're taking out is seen as "unusual activity" like if you were paying to fill up a prepayment card or use to buy gift cards then that's a major red flag. It's really incase it is a scam and the bank refuse to refund it, then the customer complains to the FoS and it's deemed the banks at fault, they then must refund the payment losing them money. It's the banks slightly caring for once, but not much as it's mostly the banks protecting their own interests.
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@smallfeet4581 it's to do with potential scamming of bank customers, least a bit over the top. As I've had something very similar when my online payments kept being rejected. If a bank customer was to get scammed, the bank the refuses to refund the customer as it deemed was the customers fault the fraud occurred and then go to the FoS and it's deemed it's the banks liability then the bank loses money It's essentially to protect their own interests and maybe some to protect the customer. Most banks are doing this now (the more security focused ones that is). Has nothing to do with the govt, or any cashless society, or control of people's finances other than protection against scammers and certainly not any political ideology that's just daft, as it's on the increase hugely especially given the current economic climate. Reason for them not giving out the amount of money allowed to be taken out is because there is non, it varies to do with what a bank considers "usual activity" and of course if it's a cashier then it's liable to them if course what's seen as being unusual (online payments would be raised as a red flag in that case).
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