Starting November 17th, individuals will not be able to withdraw more than $50,000 dollars cash in a given month or send international wire transfers. Here’s the contents of a letter sent to Chase customers:
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 recurring 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.
Is it time to start panicking or is Infowars just feeding the hysteria surrounding the possible financial crisis? Remember, this is Inforwars – which means we’re in Alex Jones territory.
Read more at infowars.com
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