#1 Brace for Impact? Chase Bank Appears to be Preparing for Post-November 17 Financial Event, Warns Customers of Upcoming Limits on Withdrawals by Rev 16.10.2013 15:38

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Brace for Impact? Chase Bank Appears to be Preparing for Post-November 17 Financial Event, Warns Customers of Upcoming Limits on Withdrawals

October 16, 2013 // By: Eric Odom

In a bizarre and unexpected move, Chase is notifying customers that after November 17th the bank will ban all international wire transfers and place limits on the amount of transfer activity that can occur within a billing cycle. Chase claims this new policy is coming in to play to minimize risks.

The letter being sent to customers says the following.

Dear Business Customer,

Starting November 17, 2013:

You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring ones, you scheduled to be sent after this date. – Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs. These changes will help us more effectively manage the risks involved with these types of transactions.


Many Chase customers are confirming the letters are legitimate and coming through the mail.

Read more:

http://www.libertynews.com/2013/10/brace...h.oUR8KW5G.dpuf

#2 RE: Brace for Impact? Chase Bank Appears to be Preparing for Post-November 17 Financial Event, Warns Customers of Upcoming Limits on Withdrawals by algernonpj 16.10.2013 16:47

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Rev,

You beat me to posting. I just read the following article about the same thing:

Zitat
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States
. . .
Speculation is rife that the bank is preparing for some kind of economic crisis by “locking down” its customers’ money. Although most still expect a deal to be struck to prevent a US debt default, its impact would “shake financial markets to a degree not seen since the Great Depression,” according to experts.

Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar.

Whatever the truth behind the policy change, Chase really needs to publicly explain its reasoning in order to quell the speculation..



More and lots of links at
http://www.infowars.com/chase-bank-limit...wire-transfers/

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