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Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!

 
eissco
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10/15/2013 05:04 PM
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Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)

[link to tinypic.com]

Last Edited by Ghetto Monk on 10/16/2013 09:55 AM
"You can ignore the truth but the truth will not ignore you."
in5d

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10/15/2013 07:33 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
In other words, the dollar is officially dead but we're the last ones to know about it
Anonymous Coward
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10/15/2013 07:40 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Not good. Businesses rely on wire tranfers when ordering parts or goods from foreign comPanies. Expect shipments/orders to be delayed.
EscapeVelocity

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10/15/2013 07:41 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


Link? Can anybody else confirm?
"I know that the molecules in my body are traceable to phenomena in the cosmos. That makes me want to grab people on the street and say: 'Have you HEARD THIS?" -Neil deGrasse Tyson

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In Death members of Project Mayhem Have a name. His name is James M. Boyd.
Anonymous Coward
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10/15/2013 07:49 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
bump
eissco (OP)

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10/15/2013 07:51 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
In other words, the dollar is officially dead but we're the last ones to know about it
 Quoting: in5d


I think the dollar has a finite amount of time before it is replaced / retired / collapses (is intentionally collapsed).

I'm not a financial adviser or anything of that sort, however I'd say that the same focus and rules apply to all of us at this moment in world events:

Translate as much of your cash into months if not years of food, water, medical supplies, communications equipment and the means / location to protect all of these things (plus you, your family or group etc)...and with what's left, acquire whatever gold / silver you can.

You can't beat having food, water, options, independence and freedom (and, ideally, a degree of isolation or a rural location - from which to weather the storm out).

Sorry for rambling-on.

In direct response to being the last ones to know, I think the intent was not to tell, or warn you, at all.

You know how major events have a habit of just happening out of the blue. Not.
"You can ignore the truth but the truth will not ignore you."
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10/15/2013 08:03 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Thread: Hidden in the chaos - Bail Ins Continue -Government Lays Groundwork To Confiscate Your 401k and IRA -UPDATE p6
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The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
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We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
eissco (OP)

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10/15/2013 08:09 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!


Thanks for letting me know about that thread. I'm new (as you probably gathered).

I can't think of a bank account or deposit box which will be immune...

:)
"You can ignore the truth but the truth will not ignore you."
Anonymous Coward
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10/15/2013 08:17 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Here is all the proof you need:

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

If you don't have savings, make sure you have enough in your checking that we can steal!

THIS WAS ALREADY REPORTED YESTERDAY!

This was warned about 3-4 weeks ago from credit unions and others with knowledge of the PLAN

bump
waterlily

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10/15/2013 08:18 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
They do not want people moving money to offshore accounts, so if you have an offshore bank account, you better move your money now, is how I read that.

Not that it will make a big change in my lifestyle.
*********** WaterLily ***********
" Do I dare
Disturb the universe?"
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-- Jorge Luis Borges
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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and finished it in the middle of the summer."
-- Cicero, De Imperio Cn. Pompei
eissco (OP)

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10/15/2013 08:20 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


Link? Can anybody else confirm?
 Quoting: EscapeVelocity


You can download the 2nd hour from RBN's archive (although there's a 5 USD/month charge for access to all their broadcasts). I don't know that The National Intel Report makes its way onto YouTube.

:)
"You can ignore the truth but the truth will not ignore you."
Anonymous Coward
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10/15/2013 08:25 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
This is pretty standard for a currency crisis, ICaland and Argentina, Greece etc have or have had currency controls in place.


I'm actually surprised that they are going to not rais the ceiling on the 17th I thought this was all show and OBama would save the day and it would be the big show in a couple of months with someone else to blame.


This will be like Hitlers Reichestag, Obama will blame the Tea party, republican and congress, he will increase his use of executive orders and do what he want with FEMA / DHS as the world starts to burn, It's going to be an interesting show.
eissco (OP)

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10/15/2013 08:25 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Thank-you, whomever you are, for the pin.
"You can ignore the truth but the truth will not ignore you."
breezy

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10/15/2013 08:38 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
OP you are from the UK this banking restriction is for the US you say, or the UK? and any idea what bank did this..thanks if you can provide any more info on the situation.

Last Edited by breezy on 10/15/2013 08:55 PM
eissco (OP)

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10/15/2013 08:42 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
OP you are from the UK this banking restriction is for the US you say, or the UK?
 Quoting: breezy


This article (which I posted) was specific to the US.

I don't think the UK will go untouched by similar measures - once the financial chaos starts. I don't think any bank will be "safe" - i.e. you can be sure that what's in your account(s) will stay in there.

:)
"You can ignore the truth but the truth will not ignore you."
Anonymous Coward
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10/15/2013 09:06 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Republic Broadcasting Network? THAT'S your source? They're a bunch of those wacked out "sovereign citizens". They're all batshit crazy and often-times, violent. They're not to be taken seriously...
eissco (OP)

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10/15/2013 09:10 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Republic Broadcasting Network? THAT'S your source? They're a bunch of those wacked out "sovereign citizens". They're all batshit crazy and often-times, violent. They're not to be taken seriously...
 Quoting: Anonymous Coward 46659857


And you are?

I'll take their accumulated experience, commitment and integrity and raise all of it against one foolish comment from (and I quote) 1 x ANONYMOUS COWARD.
"You can ignore the truth but the truth will not ignore you."
SunnyDaze

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10/15/2013 09:12 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
"transfers" work both ways, what if someone wanted to send YOU money, - I'm still waiting to recieve money from the Nigerian sweepstakes ... are they going to CON -fund -skate it ?

I do make bank transfers, on ocasion to CAD - and I do have enough in savings to cover NFS - and I DID get the same notice - USAA has a majority of customer in the armed forces ... wonder how this is going to effect soldiers living over-seas and sending money home from a foreign country
Anonymous Coward
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10/15/2013 09:26 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Republic Broadcasting Network? THAT'S your source? They're a bunch of those wacked out "sovereign citizens". They're all batshit crazy and often-times, violent. They're not to be taken seriously...
 Quoting: Anonymous Coward 46659857


And you are?

I'll take their accumulated experience, commitment and integrity and raise all of it against one foolish comment from (and I quote) 1 x ANONYMOUS COWARD.
 Quoting: eissco


You DO realize that group threatened all 50 governors with violence, right? They're notorious for spreading misinformation. Think you haven't heard of this group? Guess again... you have. They are the ones who gave Wesley Snipes the bad financial advice that put him in prison.
UnmannedAerialPilot

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10/15/2013 09:29 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Republic Broadcasting Network? THAT'S your source? They're a bunch of those wacked out "sovereign citizens". They're all batshit crazy and often-times, violent. They're not to be taken seriously...
 Quoting: Anonymous Coward 46659857


And you are?

I'll take their accumulated experience, commitment and integrity and raise all of it against one foolish comment from (and I quote) 1 x ANONYMOUS COWARD.
 Quoting: eissco


You DO realize that group threatened all 50 governors with violence, right? They're notorious for spreading misinformation. Think you haven't heard of this group? Guess again... you have. They are the ones who gave Wesley Snipes the bad financial advice that put him in prison.
 Quoting: Anonymous Coward 46659857


bsflag
RoosterMorgan

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10/15/2013 09:40 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
We received one today. Have a look for yourself.

[link to i43.tinypic.com]
tiger1

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10/15/2013 09:58 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
We received one today. Have a look for yourself.

[link to i43.tinypic.com]
 Quoting: RoosterMorgan


Pull your money out while there is still time. The confiscation is right around the corner.
Anonymous Coward
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10/15/2013 10:32 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
enough thread derailing already.....who gives a fuck? the point is, several sources are now confirming what OP is saying! Shit is gonna hit the fan. My guess is the dollar is dead, no one wants it.
Anonymous Coward
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10/15/2013 10:34 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
This thread needs super pin!!!
Anonymous Coward
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10/15/2013 10:56 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Am I reading that other than not being allowed international wire transfers, they are limiting the amount of money you deposit and withdraw in a month?
RoosterMorgan

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10/15/2013 11:01 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Am I reading that other than not being allowed international wire transfers, they are limiting the amount of money you deposit and withdraw in a month?
 Quoting: Anonymous Coward 43084140


In cash, specifically, from what I understood. I'm going to call tomorrow about that. It doesn't seem to read that it includes credit card transactions, either in or out. Not sure where checks stand in this.
Anonymous Coward
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10/15/2013 11:09 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Am I reading that other than not being allowed international wire transfers, they are limiting the amount of money you deposit and withdraw in a month?
 Quoting: Anonymous Coward 43084140


In cash, specifically, from what I understood. I'm going to call tomorrow about that. It doesn't seem to read that it includes credit card transactions, either in or out. Not sure where checks stand in this.
 Quoting: RoosterMorgan


If I had to guess, I would think it includes check and credit card transactions. Either way, it's way over the line! Who gives the bank to say who can do with ones money? Is this all banks or only chase? Keep in mind JP Morgan chase just announced a loss and has been talking to obummer a lot more the past week or so.
Useless Cookie Eater

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10/15/2013 11:11 PM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


So they don't want you stashing money away outside the USA.
Interesting.


spock
Anonymous Coward
User ID: 1554827
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10/15/2013 11:41 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


I for one appreciate the 'heads-up'.

We make three of four international wire transfers a year to Europe for specific raw materials, and this will doubtless affect us. This particular vendor has NEVER accepted US$ in the ten or so years that we've been dealing with them, always insisting on payment in Euros.

I need to contact our bank tomorrow to verify the exact situation we're headed towards.

Earlier this year, I started to feel uneasy about the whole future of the US$ in international trade, about the security of deposited funds, post Cyprus, and about the wisdom of keeping excess working capital sitting in the bank.

As a result, I've been converting some of this 'excess' liquid capital into a physically-held, silver bullion-based corporate 'hedge fund'.

Based on the current 'fuck you all' attitude and flagrantly criminal actions of the banking industry, I need to take my hedging plan to the next level.
eissco (OP)

User ID: 9884674
United Kingdom
10/15/2013 11:47 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


I for one appreciate the 'heads-up'.

We make three of four international wire transfers a year to Europe for specific raw materials, and this will doubtless affect us. This particular vendor has NEVER accepted US$ in the ten or so years that we've been dealing with them, always insisting on payment in Euros.

I need to contact our bank tomorrow to verify the exact situation we're headed towards.

Earlier this year, I started to feel uneasy about the whole future of the US$ in international trade, about the security of deposited funds, post Cyprus, and about the wisdom of keeping excess working capital sitting in the bank.

As a result, I've been converting some of this 'excess' liquid capital into a physically-held, silver bullion-based corporate 'hedge fund'.

Based on the current 'fuck you all' attitude and flagrantly criminal actions of the banking industry, I need to take my hedging plan to the next level.
 Quoting: Anonymous Coward 1554827


You're very welcome. I appreciate you taking the time and it's good that someone might benefit from putting the information out.

Get ready.
"You can ignore the truth but the truth will not ignore you."
Anonymous Coward
User ID: 20903583
United States
10/15/2013 11:58 PM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year 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 reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD 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 any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)
 Quoting: eissco


I just dig English etiquette 5a

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