News talk 2014-01-27: Banks denying withdrawals default content graphic

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Held over

Huge bank denying withdrawals to UK customers who can’t give acceptable reasons

Mike Caro says:

Apparently these banks can do this in accordance with contracts that depositors sign.

Still, it’s more than a little unsettling to have to assume the role of a child begging a parent for movie money, just to withdraw your own funds. I frequently withdrew large amounts of money from local Ozarks banks before travelling to Las Vegas and other venues. I usually notified the banks a day in advance to make sure they’d have enough cash on hand, but I never felt that I had to explain it. “It’s so I can gamble.” “What? You can’t take that much money and gamble with it!” “I was just teasing you. I need it for heart surgery.” — MC

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Mike Caro

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Known as the “Mad Genius of Poker,” Mike Caro is generally regarded as today's foremost authority on poker strategy, psychology, and statistics. He is the founder of Mike Caro University of Poker, Gaming, and Life Strategy (MCU). See full bio → HERE.


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