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Please provide sources for these claims (and prove me wrong!). I'm quite sure none of them are actual law as compared to company policies. The ATM limit is sure

by gbark 14y ago

Please provide sources for these claims (and prove me wrong!). I'm quite sure none of them are actual law as compared to company policies. The ATM limit is surely because of personal security reasons (but it can be raised if you notice the bank), and the SMS payments being removed because the communications providers dont want to be scrutinised by the government under "financial service providers law".

cjg_ 14y ago
Not exactly true, they are already approved for the financial service provider law and still have to abide by it (see for example Tele2 http://fi.se/Register/Foretagsregistret/Foretagsregistret-Detaljerad-information/?idx=099161 http://fi.se/Register/Foretagsregistret/Foretagsregistret-De...)
belorn 14y ago
Each bank differs slightly, through a good summery is a blog post from 2010 (http://mfc.elmberg.net/2010/03/07/kontantuttag-vad-galler-for-min-bank http://mfc.elmberg.net/2010/03/07/kontantuttag-vad-galler-fo...). I am quite sure however that most is not law, but rather the banks trying to increase earnings by pushing customers to use credit cards over cash. However, if you ask the banks, they will say its to limit the number of robberies at banks. Given the speed that we are moving towards a cashless society, the truth is likely a mix of them all. I picked Swedbanks number in my post above, mostly because they are focused on normal consumers and less so at businesses. The numbers are also fairly similar to other banks, with only a few hundred dollars in difference compared to other banks. Their exact numbers are written on their website (http://www.swedbank.se/privat/kort-och-betalningar/kort/om-kort/kontantuttag-och-insattningar/index.htm http://www.swedbank.se/privat/kort-och-betalningar/kort/om-k...). However, I couldn't find a link for the procedure with larger transactions. The best I could find is this news paper article (http://www.sydsvenskan.se/ekonomi/bankerna-stoppar-stora-uttag/ http://www.sydsvenskan.se/ekonomi/bankerna-stoppar-stora-utt...). I learned personally the procedure by calling my bank and going through the process myself.

by gbark 14y ago

cjg_ 14y ago

Not exactly true, they are already approved for the financial service provider law and still have to abide by it (see for example Tele2 http://fi.se/Register/Foretagsregistret/Foretagsregistret-Detaljerad-information/?idx=099161 http://fi.se/Register/Foretagsregistret/Foretagsregistret-De...)

belorn 14y ago

Each bank differs slightly, through a good summery is a blog post from 2010 (http://mfc.elmberg.net/2010/03/07/kontantuttag-vad-galler-for-min-bank http://mfc.elmberg.net/2010/03/07/kontantuttag-vad-galler-fo...). I am quite sure however that most is not law, but rather the banks trying to increase earnings by pushing customers to use credit cards over cash. However, if you ask the banks, they will say its to limit the number of robberies at banks. Given the speed that we are moving towards a cashless society, the truth is likely a mix of them all. I picked Swedbanks number in my post above, mostly because they are focused on normal consumers and less so at businesses. The numbers are also fairly similar to other banks, with only a few hundred dollars in difference compared to other banks. Their exact numbers are written on their website (http://www.swedbank.se/privat/kort-och-betalningar/kort/om-kort/kontantuttag-och-insattningar/index.htm http://www.swedbank.se/privat/kort-och-betalningar/kort/om-k...). However, I couldn't find a link for the procedure with larger transactions. The best I could find is this news paper article (http://www.sydsvenskan.se/ekonomi/bankerna-stoppar-stora-uttag/ http://www.sydsvenskan.se/ekonomi/bankerna-stoppar-stora-utt...). I learned personally the procedure by calling my bank and going through the process myself.