UK banks have introduced a limit on cash withdrawals for people aged over 65.
We’ve spotted several social media posts claiming that UK banks have implemented limits on cash withdrawals for people aged over 65.
But this isn’t true—the Financial Conduct Authority (FCA) confirmed that no such policy has been introduced.
There have been no government announcements or credible media reports about any such age-related policy, nor could we find press releases from financial bodies, or high street banks like Lloyds, Barclays, and HSBC about this supposed new measure.
Several posts share a link to an article supposedly headlined “UK banks confirm new withdrawal limits for over-65s from 19 September”, with a preview image featuring Prime Minister Sir Keir Starmer. However, such an article does not actually appear after clicking the link.
A 14-minute YouTube video making the same claim says in the description that the “significant policy change” introduces a “maximum daily cash withdrawal limit of 500 and a weekly cap of 2,000”. It adds that the policy change was driven by the FCA to reduce fraud targeting senior citizens, but says the charity Age UK raised concerns about the policy’s impact on the “financial independence and convenience of pensioners”.
Versions of the claim—such as those with a different start date or age threshold for the policy—have been shared elsewhere online, including on TikTok and in articles on a series of very similar looking websites.
But the financial...
Aussie cricket coach Andrew McDonald has rejected suggestions from England that Scott Boland could be a major weakness for the Australians in the Ashes. Boland looks set to play a huge role in the ...