NatWest Bank has issued formalized policy language requiring questions about the purpose of your cash withdrawal, and in some cases, for supporting documentation such as an invoice.
- The bank’s website claims the reason is to “help validate the withdrawal as genuine and protect you against fraud and scams.”
- But, according to Mark Jeftovic of BombThrower.com, this is just another attack in the war on cash laying the groundwork for CBDCs.
Coming to Banks Near You? Some are asking how long it takes before more banks start updating policy and chipping away at their user’s privacy little by little.