Relationship banking 101: relate to your customer
December 6, 2013Money laundering regulations are penalising honest retail bank customers while driving others into the cash economy, which benefits nobody, much less the banks themselves. I recently visited my bank to deposit a reasonable amount of money and transfer some money to pay a bill. Call me old fashioned, but it’s how I use my bank account. A polite youth asked me what was the source of my deposit (despite the fact that it was clearly tagged and inputted from a well-known UK Limited company, drawn on a UK bank) and why... More