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I’m from the UK that’s for relatively very small amounts and it’s insured, this is the cost of doing business and there are still a lot of fraud checks especial

I’m from the UK that’s for relatively very small amounts and it’s insured, this is the cost of doing business and there are still a lot of fraud checks especially for new payees. If your account all of a sudden has 10’s yet alone of 100’s 1000’s or of transfers in it will be quarantined. HSBC locked my account just last week for 7 or 8 transfers of circa £10 all being made all in the same day from colleagues from my work since we bought a gift for someone that was leaving and settled the payment. Authorized push payment fraud still does happen but it’s fairly negligible in the big scheme of things.

avianlyric 4y ago
> If your account all of a sudden has 10’s yet alone of 100’s 1000’s or of transfers in it will be quarantined. > HSBC locked my account just last week for 7 or 8 transfers of circa £10 all being made all in the same day from colleagues from my work since we bought a gift for someone that was leaving and settled the payment. I would be careful assuming that HSBC is representative of how banks in the UK work. They’re well know to be the most trigger happy bank when it comes to account and transfer freezes. HSBC was probably the number one cause of complaints related to transfers while I was working in the fincrime team of a different bank.