Comments by "Aden Wellsmith" (@adenwellsmith6908) on "How Can This Work?" video.

@stevestephens8969 I'm interested in seeing a video of someone trying to pay Council Tax with commemorative coin. [Legal Tender] If they refuse, what then? They try and prosecute you for not paying when you have the video they refused? A touch malicious. Of course you pay the money into court [in a sealed bag, marking it as "evidence" clearly]. What happens if the court destroys evidence?
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The reason is the scammers. The scammers have taken to one approach where they say you account has been compromised. Take the money out and we will send a courier to collect. Banks are going to be made liable for this. So that's one reason why they want to be sure. Cryptotharg's comment above is correct in part. When you pay money in, it becomes the banks, and you become a creditor. What's missing however, is that current accounts are pay on demand. That's how the risk gets reported. It's a liability that is due today.
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@RICHF250 Look given the scams, [I had one scam call this morning. She got a bit upset when I told her she was a Cha Cha Chod So banks need to ask, but they need to start with look, there are lots of scams around, it's your money but we do need to tell you about how people scam you. That's a better approach than saying why do you want the money.
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