UK - Barclays Limits Online Transfers To £1,000
The London Sunday Times reports that Barclays Bank has begun imposing a £1,000 limit on its online banking customers' ability to transfer funds to external accounts.
The bank’s Andrew McDougall said: “We have reduced the limit for external transfers from £2,000 to £1,000 as part of our anti-fraud measures, but the limits are likely to continue to vary over time.”Banks are under no obligation to impose the same online transfer limits and often reduce these limits if fraudsters target their customers.
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