Tyrannical banks in Australia too

The heads of two major British banks lost their jobs over their Fascist attempt to "debank" Nigel Farage. One hopes that Australian bankers will take a lesson from that.

I recently went through an elaborate auhentication process that the Commonwealth Bank required of me. Like anying over the net, it was difficult but I eventually got an approval mark. So I may be in the clear.

But I am going to keep a fair bit of cash on hand from now on. I do mostly pay by cash these days. Tyrannical bank behaviour has become another good reason to stick with cash. Nobody has ever rejected one of my $50 notes

Many Australians are unaware that they can be denied access to their money if they break rules buried in the fine print of opening an account.

The Commonwealth Bank states a customer may not use their banking services if they engage in conduct 'that in our opinion' is 'offensive, harassing or threatening to any person' or 'promotes or encourages physical or mental harm of any person'.

Professional poker player and author Crispin Rovere, who is in dispute with Westpac after they froze his account, highlighted the Commonwealth Bank's terms and conditions in a tweet last week.

A Commonwealth Bank spokesperson told Daily Mail Australia the terms were to prevent 'to address the issue of financial abuse in the context of domestic and family violence'.

'In 2020, we updated our Acceptable Use Policy to address technology-facilitated abuse and to provide a safer banking experience for customers,' the spokesperson said.

'Any customer found to be using NetBank or the CommBank app to engage in unlawful, defamatory, harassing or threatening conduct, promoting or encouraging physical or mental harm or violence against any person may have their transactions refused or access to digital banking services suspended or discontinued'.

But some Aussies said the rules were too vague.

'Since when are banks the arbiters of moral and legal conduct? Especially the Commonwealth Bank? Do they even remember The Royal Commission findings????' one said.

'Setting themselves up to freeze people's bank accounts for wrong speak,' another added.

Others said the rules were justified.

'Classic example is abusive ex's harassing their ex-partners with 1c transfers that include threats in the description. In support services you see this all the time as a modus operandi. In the normal world, most don't even know it happens.'

In July, Mr Rovere slammed Westpac as 'totalitarian', claiming the bank froze his accounts after he made a 'modest' cash deposit following a poker win.

The bank demanded to know where Crispin Rovere's funds came from, which were 'way, way under' $10,000 and refused to unblock his account until he told them.

Last Wednesday the Commonwealth Bank came under fire after it announced it had opened a cashless 'specialist branches', where customers would no longer able to access their money over-the-counter a trend also happening with NAB branches.

'The specialist centre branches focus more on business customers and loan products and are located nearby to traditional branches,' a spokesperson said.

'We continue to maintain Australia's largest branch network for customers.'

However, the news did draw favourable responses on social media.

'Bank branches without money? WTF! That's like having a petrol station with no fuel! Do they expect people to call into the branch just to say hi and have a chat,' one said.

Another joked: 'A bank without cash, that makes real sense.'

'I suggest everyone to change their bank where this is happening,' a third said.

Mr Rovere told Daily Mail Australia he only realised there was a problem when he tried to make a card payment at a hotel he was staying in, but the bank rejected it.


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