Bank transfers over £800 to be frozen for 24 hrs?

[Jean-Luc Pickguard]

If you’ve seen the viral videos being spread on social media that say Kier Starmer is bringing in new banking rules so that bank transfers over £800 will be frozen for 24 hours from 1 October to allow for advanced AI checks, reporting to HMRC and preventing scams, this is not true. I don’t know who is responsible for making up and spreading this 🐂 💩, but the world would be a much better place if that kind of person didn’t exist.