> There are all kinds of limitations in how exactly you are allowed to use your money.
Where are you getting that from? If the money has been earned in a legit manner and you want to spend it on a legitimate thing, who's stopping you from spending it?
Yes if your source of money isn't legal or you want to spend on something illegal, that's a different story.
My money is completely legal, but it was a protracted process to:
A.) Transfer a part of it (for this particular bank, anything more than $5000) to pay a deposit for a house;
B.) Make a final settlement on a house, again with money I had available in my account.
There are limitations on how much you can transfer easily at once, and different kinds of approval and parties have to be involved to pay for something large.
Those per transaction limits are for YOUR protection so in case someone hacks into your account they won't empty it and you can ask the bank to raise the limits.
Banks ask you the reason for transactions beyond a certain amount because they have to report it to authorities.
Large transactions like paying for a property don't happen at the drop of the hat. You won't just wake up in the middle of the night and decide to buy a property immediately right then.
You asked who is stopping you from spending your money as you want. I listed who and provided some examples. The reason why they make it difficult is beside the point.
It took me the better part of a morning I would have ideally spent on more productive tasks.
I spent an hour on the phone to get my limit temporarily raised, then another hour or so later in the day when the payment was flagged as suspicious and my account was locked. There was then an arbitrary waiting period of one day where the transfer sat in limbo before getting processed (more security theatre), and finally an additional two days for the funds to clear.
There really isn't.. I can pay 1 million EUR with my debit card if there's enough money in the account. That's the default limit, and can be raised anytime if needed.
If I have the money and they are legal, I can spend them without anyone getting in the way.
Where are you getting that from? If the money has been earned in a legit manner and you want to spend it on a legitimate thing, who's stopping you from spending it?
Yes if your source of money isn't legal or you want to spend on something illegal, that's a different story.