CLN – Confirmed: Chase Ordered From Top to Hold Cash, Wire Transfers – 17 October 2013

CLN – Confirmed: Chase Ordered From Top to Hold Cash, Wire Transfers – 17 October 2013
Posted on October 17, 2013 by lucas2012infos | Leave a comment
Chase Bank confirmed that all business account holders were being subjected to new regulations limiting withdrawals and wire transfers. They indicated that customers would have to pay a fee on every dollar withdrawn over the limit. Given that even a relatively small grocery store or restaurant is likely to turnover more than $50k a month in cash payments, this appears to be part of a wider move to shut down businesses who mainly deal in cash. Chase told Infowars that customers would have to upgrade to much more expensive accounts to avoid the capital controls, meaning larger corporations will not be affected. The bottom line is that banks think your money is their money and will do everything in their power to prevent you from withdrawing it in large quantities.  READ MORE: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers




Thanks to: http://lucas2012infos.wordpress.com

"... your money is their money..." that is in deed what one has "agreed" to when one signs the "signature card" to open a bank account; no big surprise here.

Hopefully, this will soon be changing, along with MUCH other for the people's benefit- VERY SOON; meantime, be aware and act accordingly... :)

Thanks Prpl 4 sharing here :)

Either way, I don't think I will be using Chase!