
Is Chase bank the first banking domino to fall in preparation to a larger impending financial failure of our economy? Are we heading down the road of Cyprus of a complete banking failure?
Red Flags are being alerted all around the financial world as a recent letter was just sent out to Chase business account owners that said beginning on November 17:
• You will no longer be able to send international wire transfers
• Your cash activity limit for these account(s) will be $ 50,000 per statement cycle, per account.
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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.
– 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.
Fox Business: Chase denies…..