Re: It doesn't even seem legal in any way
However, they *do* have a right to protect themselves from fraud perpetrated against themselves by individuals, including their customers.
In the UK banks now also have a duty to verify that their customers are not being defrauded. So if you have been persuaded to, for example, transfer money to someone, withdraw cash (or gold) to handover to someone, if the bank fails to check the person you are sending money to is not defrauding you and you have been scammed they have to refund you.
Biting the hand that feeds IT
