Bank limits

True story: I tried to transfer some money from the Commonwealth Bank a few years ago, and struck a daily limit of $5000, with no way around it.

So when I was planning to move back to Australia from Switzerland and knew I’d need to transfer a deposit (for a house) out of Switzerland , I rang my Swiss bank. The following conversation ensued:

“Are there any daily limits on Internet transfers?”

“Yes, sir, I’m afraid there are.”

“Oh dear. How much then?”

“Four million franks, sir.”

Now that’s a bank 🙂


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