Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers......hummmmm

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.
Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.
The letter reads;
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.

SOURCE

 

Related articles

• Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers
• Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers
• Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers
• Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers
• Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers