Has the Home Office, the Prime Minister or Parliament announced that starting September 1, 2025, UK banks will automatically flag to ‘The Anti-Fraud Unit” any cash withdrawals in excess of 420 pounds, as social media posts claim? No, that’s not true: No such program is part of the record of official proceedings. Neither have UK government leaders announced such a measure.
The claim appears in an August 10, 2025 TikTok video (archived here) on the @epicstoryfeed account under the title:
Any cash withdrawal over four hundred and twenty pounds will be automatically flagged to the UK’s anti-fraud unit
This is what the post looked like on TikTok at the time of writing:
Image source: Screenshot by Lead Stories of post at www.tiktok.com/@epicstoryfeed
The voiceover said:
Any cash withdrawal over 420 pounds will be automatically flagged to the UK’s anti-fraud unit starting from September 1st, 2025. Listen carefully: This measure is going to directly affect anyone who still relies on cash for larger transactions. From that date, if you take out more than 420 pounds in a single withdrawal, your bank will be required to report it to the government’s anti-fraud division. This new rule, backed by The Home Office and discussed in Parliament, aims to tighten control over cashflows in the fight against money-laundering, undeclared work and benefit fraud. Banks will be obliged to send detailed reports including your name, the date, the amount and how often you’re making large withdrawals. If the State finds your withdrawals unusual or unjustified, you could face a financial audit or a full investigation into your benefits or tax records. Do you think this is a reasonable step to tackle fraud? Or is it an invasion of your right to use your money as you choose? Let me know in the comments below and make sure to subscribe so you don’t miss the latest updates that could impact your daily life.
Using key phrases from the video, Lead Stories searched the indexes at Google News and Yahoo! News, finding no fact-based reporting on a UK policy to require banks to flag to government officials any cash withdrawal over £420 (about $570 as of August 13, 2025.) Google News’ index of thousands of news sites found only copies of the hoax warning UK residents of financial surveillance. Yahoo! News’ index of its partner sites and news services also found copies, but no evidence-based reports that UK banks will begin automatic flagging of cash withdrawals over £420 pounds.
Lead Stories searched Gov.uk, the home page for official documents of the government and found no documents, prime minister statements or other records of a decision to order banks to automatically flag every cash withdrawal over £420.
