Customers in Australia are required to justify the reasons for their cash withdrawals.

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TikToker pranks Aussie bank tellers over cash questions

A TikTok comedian has taken on several Australian banks, filming their tellers asking what his reason is for withdrawing cash.

In Australia, banks are required to report any cash transactions of $10,000 or more to a federal government tracking agency called AUSTRAC.

The reason for this is to help uncover money laundering or other criminal activity and protect the integrity of Australia’s banking system.

In an effort of further precaution, the majority of banks have taken to asking any customers withdrawing $2000 or more for the reason they need the money.

The big four banks – Commonwealth Bank Australia (CBA), Westpac, National Australia Bank (NAB) and ANZ – all have a policy of calling ahead for large amounts of cash withdrawn at a branch.

Taking advantage of the requirement, TikToker Jon-Bernard Kairouz filmed himself at Westpac, St George and Commonwealth banks, giving tellers outlandish reasons as to why he was withdrawing $6000.

 

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