2: The transfer limits for your or your friends account could have exceeded
This is where bitcoin has a major edge over traditional currencies, the fact there are no limitations as to how much a person can transfer all at once and the fact is that, you need to seek no permission to be able to do such a transaction neither are you monitored or stands to answer an form of query. Once you've got the desired amount and charge to go with it, your all set.
In the case of traditional currency, you've got lots of forms and days of waiting to get authorisation for such transactions. In a way, its to protect your account but, it is way much a limitation and not to be allowed freewill on your finance.