Richard Dargham wanted to take out some money from his account when he visited a branch at Carnes Hill Marketplace, south-west Sydney

A customer of Commonwealth Bank claims they were prevented from withdrawing $15,000 because he would not say how he planned to utilize his money.

When Richard Dargham went to a bank on Thursday at Carnes Hill Marketplace in southwest Sydney, he wanted to withdraw the money from his account.

He said in a TikTok video that his request was turned down because he wouldn’t tell bank employees how he planned to use his money.

He states in the video, “This is bull****, this is really ludicrous.” “I own the account.” That is extremely clear to see. You can’t stop me from paying someone if I want to.

You don’t need to be aware of all the specifics of how and why I’m spending my money. I might use it to pay for a strip club or to get drugs. You have no freaking right to care.

Due to the size of the withdrawal request, Mr. Dargham claimed the bank had identified his account as potentially being hacked by con artists.

He claimed to have given them various pieces of identification to show his ownership of the account.

Remember, Mr. Dargham continues, “I gave them a Medicare card, a drivers license, and I have a Medibank private card.”

I handed them more identification than I would have needed to enter a government building and take office as prime leader of this nation.

However, they insisted on knowing my plans for my money in great detail.

Mr. Dargham claimed that he created a “huge spectacle” at the bank by withholding his financial plans from the employees.

A Commonwealth Bank teller from the previous year claimed that the bank often queries customers about the circumstances surrounding substantial cash withdrawals.

They stated on the OzBargain forum that they had a duty of care to try to safeguard you against fraud or scams.

For instance, an elderly guy receives a call from Amazon stating that they had mistakenly transferred him $20,000 to him.

They give him the go-ahead to visit the bank and withdraw the money so he can put it into another account.

The daydreaming teller offers the customer the cash without asking him why he wants to withdraw the money.

Old man is now sobbing on the phone after giving some con artists $20,000.

Which scenario would you prefer, the teller would have questioned?

Federal legislation also mandates that banks notify the financial watchdog Australian Transaction Reports and Analysis Centre of all cash transactions worth $10,000 or more.

Customers who want to withdraw money above the legal limit must show identification, according to the legislation.

With the legislation in place to lessen the danger that the Australian financial system could be abused to enable money laundering or terrorism financing operations, banks have been implementing the threshold since 2011.

According to a fact sheet on the law, “you will be obliged to give information for all transactions involving a cash sum of $10,000 or more.”

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