Bank demands upfront tax code payment for transfer
💸 moneysocial problemSingle report ●●●●●
A bank customer reports that their bank is requiring a 500 euro payment for a 'tax code' before allowing a transfer of funds to another bank, and the bank refuses to deduct this fee from the existing balance.
What people do today
- Contacting bank support
- Researching bank legitimacy
- Checking financial regulations
🔧 Fix this
Ideas a builder, maker or community group could start on:
- A browser extension that flags known scam patterns in banking communication
- A community-driven database of bank fee transparency and common scam tactics
- A legal advocacy template for reporting suspicious bank demands to financial regulators
Real voices
“pioneercrest want some 4 digit tax code that cost 500 euro and they won't take it the money that is there in account”
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