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0 sats \ 0 replies \ @0xIlmari 16 Apr freebie \ on: Bank in Canada won’t let customer withdraw cash econ
It's not your money, mate. It's an IOU that can be moved around if the bank permits.
That being said, conditions under which the bank may refuse a withdrawal or transfer should be unambiguous and outlined in a signed agreement or a ToS. So the case here is either:
- The bank changed ToS (and you never read it, because who does) and can indeed refuse a cash withdrawal. Tough luck, shoulda kept your money in a permissionless system.
- This is a "soft-ban", i.e. something they do because they're pressured by the gov't but it's actually nowhere in writing, which may be grounds for a legal action.