Video just in from Australia shows a man who wanted to withdraw $5,000 from his Commonwealth Bank account, REFUSED by the bank without cause, and ultimately DRAGGED OUT BY POLICE.
The Commonwealth Bank is Australia's largest retail bank and offers customers a range of products and services, including loans, credit cards, transaction and savings accounts. It has the largest branch and ATM network. It also offers services to people planning to move to Australia
NetBank
The Commonwealth Bank offers online banking services through NetBank. NetBank allows customers to transfer funds, manage accounts, access assets and liabilities and also manage savings and saving goals. NetBank is also offered with a mobile app available for iOS and Android
It now appears that the largest retail bank in the country of Australia is in such dire financial condition, they cannot provide customers with their own money, and will have customers arrested for demanding to take their own money out.
This bank also has ONE branch inside the United States:
The Commonwealth Bank of Australia (CommBank) has one branch in the United States, located in New York City. This branch serves Australian and New Zealand corporate and institutional clients, as well as North American businesses with connections to Australia and New Zealand.
This bank called the police to have the customer removed. The police sent over SIX police officers who apparently arrested the bank customer and dragged him out of the bank by force.
Here's the video:
People in Australia should decide if it is wise to continue to leave any substantial amount of money in any Australian Bank. If the largest bank in Australia has resorted to doing THIS to customers, then can any of the smaller banks be trusted?