Godlike Productions - Conspiracy Forum
Users Online Now: 1,311 (Who's On?)Visitors Today: 479,605
Pageviews Today: 657,182Threads Today: 102Posts Today: 2,556
05:43 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

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

 
Anonymous Coward
User ID: 47405020
United States
10/16/2013 08:45 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
We're making updates to our Wire Transfer service effective September 22, 2013.

Here's what's changing:

You may cancel a Wire Transfer sent to a recipient outside the United States from a Personal Account (a deposit account used primarily for personal, family or household purposes) up to 30 minutes after you give us instructions, as long as you provide us with enough information to identify the Wire Transfer you want canceled.

If you want to cancel a future-dated or repeating Wire Transfer, you may cancel your Wire Transfer online before 11:59 PM ET the day before the Send On date. If you cannot access the Wire Transfer service, you may also cancel a future-dated or repeating Wire Transfer by calling Customer Service at
1-877-242-7372 before 11:59 PM ET the day before the Send On date.

For Personal Accounts only: Starting September 22, 2013, you won't be able to schedule future-dated or repeating Wire Transfer to any recipient outside the United States.

We've updated the Wire Transfer Service Agreement to reflect these changes. You agree to these new terms and conditions by continuing to use the Wire Transfer service. The updated agreement will be available online September 22, 2013. To review the updated agreement, click "Legal Agreements and Disclosures" at the bottom of any page after you log on to Chase Online.

If you have questions, please call us at 1-877-CHASEPC
(1-877-242-7372).
Anonymous Coward
User ID: 5180225
United States
10/16/2013 08:55 AM
Report Abusive Post
Report Copyright Violation
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






confirmed i got the same exact notice in the mail ..

thought it strange so i kept it instead of garbage it like i normally would ..
Anonymous Coward
User ID: 47705711
United Kingdom
10/16/2013 08:59 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Hmmm. There's no special advisements on the WU 'send money to Mexico' page

[link to www.westernunion.com]
 Quoting: goodmockingbird


Just to be picky would there be a limit on the size of transaction carried out through Western Union?

I am sure Capital controls would be in place for big money transfers first and then smaller business/personal transfers before reaching the base cash transfers, but that could just be my way of thinking.
gomzilla
User ID: 29870815
United Kingdom
10/16/2013 09:14 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
the implementation of capital controls in the usa
only means one thing :

end game is here .
Night Owl

User ID: 48446010
United States
10/16/2013 09:17 AM

Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
If true, better prepare for massive inflation & shortages of products! Since everything is imported these days, when importers are cut off from paying their suppliers, those suppliers will no longer ship said goods. And, since we live in "just in time" inventory world, when the boats stop coming, we're screwed.
CMcC

User ID: 27921007
United States
10/16/2013 09:20 AM

Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
hummm, we use PAYPAL & Google Wallet to trade with EU countries and so far have not heard anything on this?
Fear God and Dread Nought.
MississippiBlkMan

User ID: 25289887
United States
10/16/2013 09:28 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Obama has done his job he was placed in America for. To destroy the economy because a one world government can't come about with the U.S. as a super power. After Obama has done his job you will see him disappear forever..
Are you better off today, than you were 4 years ago?
AuroraB
User ID: 46640209
United States
10/16/2013 09:32 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!


This will also be causing many expats to return to the empire as they will be cut off from their money.

I was wondering about that. That actually sucks. Means my ex might come back with the whore that ruined our marriage. If they really need some people over there hopefully they will start paying in that countries currency.
Cassandra's Echo

User ID: 48420908
United States
10/16/2013 09:48 AM
Report Abusive Post
Report Copyright Violation
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.
 Quoting: irked77


I have always heard that capital controls like these spell the end of the dollar. But can you please explain something to me? If repatriated dollars are what will bring hyperinflation, why wouldn't we want to send/wire as many dollars overseas as possible...?
Hard Eight

User ID: 35278639
United States
10/16/2013 10:02 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got a notice from BB&T last week that international wire transfer fees are increasing to $65.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Anonymous Coward
User ID: 43885344
Canada
10/16/2013 10:07 AM
Report Abusive Post
Report Copyright Violation
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.
 Quoting: irked77


I have always heard that capital controls like these spell the end of the dollar. But can you please explain something to me? If repatriated dollars are what will bring hyperinflation, why wouldn't we want to send/wire as many dollars overseas as possible...?
 Quoting: Cassandra's Echo


to try and control bank runs? Banks want to keep US on the US Banks books?

I would get as much out now, and buy as much food, ammo, water etc as possible.
Anonymous Coward
User ID: 9927807
United States
10/16/2013 10:11 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
luckily im broke and this has no effect on the average citizen
goodmockingbird
Home of the EF5 Tornados, Now with Beheading!

User ID: 48359356
United States
10/16/2013 10:38 AM

Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
luckily im broke and this has no effect on the average citizen
 Quoting: Anonymous Coward 9927807


But average people use a lot of things that are produced overseas and imported here. Somebody here has to pay for those things and then import them. Wire transfers are the usual way of doing those transactions.
I Support Our First Responders
Anonymous Coward
User ID: 47871934
Mexico
10/16/2013 10:38 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Let's refresh of what was happening during the Lehman's collapse

Hint: Electronic bank run


 Quoting: An Ordinary Greek


Bingo

they making sure nothing gets out this time
 Quoting: Ghetto Monk


I wish they would distinguish between the big and little guys in this...
Anonymous Coward
User ID: 20344047
Spain
10/16/2013 10:42 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
didnt read the whole thread

But if what the op is saying is that they are limiting/restricting money transfers from US to overseas or abroad

then folks I think its a question of time before they severely restrict travel out of the US

heads up
Anonymous Coward
User ID: 47078040
United States
10/16/2013 10:43 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Have noticed of late that cash withdrawals are restricted already. Put in a deposit the other day of x amount and the amount showing was xx amount but, the amount available was less than xx amount! Many "cash" dispensing machines also limit the amount of "cash" that a person can take out of it. Also, some ATM's and other machines like the ones in grocery stores, are running out of "cash", forcing people to rely on their debit or credit cards. Additionally, the stock market is going UP because the companies providing the electrical and electronic devices and services necessary for e-government and e-commerce on a global and regional scale are involved. Know what a "hostile takeover" is?
Anonymous Coward
User ID: 47871934
Mexico
10/16/2013 10:46 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
First:

Quantum Dawn 2 - July of this year, banks both big and small opted to participate in a cyber-security drill/simulation where their systems were hacked and attacked. This was, supposedly, to see their system's weak points.
Thread: Wall Street False Flag Watch: Cybersecurity Exercise: Quantum Dawn 2

Second:

A couple of days after the .gov shutdown, Obama holds a meeting with top bank chief executives to, supposedly, discuss the .gov shutdown and default.
Thread: Obama Meets With Big Banks (Including Goldman Sachs) For New Line Of Credit – In Violation Of US Law

Third:

A few days after Obama's meeting with the top bank chief executives, banks start sending their customers a new liability agreement (even small, local banks). The banks are basically telling us that if anything happens to our money, they are not responsible for it.
Thread: PIN!!! GO VIRAL!!!! BANKS ARE OPTING OUT OF LIABILITY AS OF TODAY EVEN IF ADVISED!!

Fourth:

This thread. No international wire transfers.

Fifth:

Default on the 17th of this Month. Possible 6 week extension (maybe they will need a little more time to set the stage).

Sixth:

Possibly putting a hold on EBT for the month of November (how convenient for that 6 week default extension).
Thread: Families on food stamps could be cut off soon - no funds for November

My opinion:

They are telling us exactly what they are planning to do. Go backwards through the list -- They are stopping us from protecting our money by sending it overseas. This means that our money will be stuck here, in their systems. If all of our money is stuck within their own systems, they can perform a cyber attack on the banking systems. By holding our money within their systems during a cyber attack, they will successfully extract as much of our money as possible. Due to the new liability agreements, these banks will tell you, "Oh well. Not our fault, not our problem." They know that the dollar is dying. They want to want to spare what they can for their own.

1. Stop the people from protecting their money.
2. Stage a cyber attack on banks.
3. Extract all bank account money without being liable.
4. Exchange stolen money to another form of currency.
5. Let there be a default.
6. USD becomes of no value/dollar dies.
7. Leave the American people holding the bag.
8. Become enslaved by China due to debt. The real culprits left the American people without a way to resolve it.
9. Stick a fork in us.

Of course, this is just my opinion.

If you take your money out of the bank and stash it, you will still have to deal with the possibility of the dollar dying.
 Quoting: Anonymous Coward 48419604


And add SEVEN to this list. They are trying to draw back all money already outside the US with "anti money laundering" laws, re FATCA. This has been the source of many people relinquishing or renouncing US citizenship, to escape draconian the IRS extra territorial reach. Again, the little guy, the ex pat, the accidental Americans, are supposedly just caught in the net. But I believe the intended effect is to force money back into the US by "US persons", or face severe penalties.
Anonymous Coward
User ID: 47078040
United States
10/16/2013 10:59 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Bitcoin can handle the remittance market no worries.

[link to web.worldbank.org]
 Quoting: Anonymous Coward 7043823


Oh, that might be the plan as well! Transformation of current multiple currency markets to a single "digital" currency exchange e-commerce system would be handy about now, wouldn't it!
Anonymous Coward
User ID: 48237298
United States
10/16/2013 11:04 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
If true, better prepare for massive inflation & shortages of products! Since everything is imported these days, when importers are cut off from paying their suppliers, those suppliers will no longer ship said goods. And, since we live in "just in time" inventory world, when the boats stop coming, we're screwed.
 Quoting: Night Owl


Idiocracy is in full effect. "The Corporation" will now be the supplier of all goods and services eliminating small business forever. There will be a variety of names given to this entity, Costco, Wall Mart, Target, Whole Foods, but it's all one monster. Have you noticed you can now get shots at your local Wallgreens? Or Chiropractic at your Whole Foods or optometry at Costco? It's been inching towards consolidation for the past decade right in front of our noses.....
Anonymous Coward
User ID: 27761196
United States
10/16/2013 11:04 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
From my Chase Business Acct: Wire Transfer Disclouse updates 9/22/2013. Im not seeing any major revisions here.

*******************************************
Last updated 09/22/13

Wire Transfer Services Addendum to Online Service Agreement

We suggest you read this document carefully and print a copy for your reference. You may refer back to it at any time by accessing the Legal Agreements tab within the website.
To print this document, select File from the menubar and then select Print. Finally, select OK in the Print Setup box.

General Terms

The Wire Transfer Service allows you to wire available funds (“Wire Transfer”) denominated in either U.S. dollars or other eligible currency, as applicable, from an eligible deposit account you have with us to any recipient (the "Recipient"), designated by you and established with us as provided herein. This Wire Transfer Services Addendum ("Addendum") to the Online Service Agreement sets forth our terms and conditions regarding your use of the Wire Transfer Service (the "WTS"). This Addendum amends and becomes a part of the Online Services Agreement (the "Initial Agreement") between you and us. The terms of the Initial Agreement are hereby ratified, affirmed and incorporated herein, and shall continue to apply in all respects, as amended hereby. Except as otherwise set forth herein, all terms defined in the Initial Agreement and used but not defined herein shall have the meaning set forth in the Initial Agreement. In the event of any conflict between the terms of the Initial Agreement and this Addendum, the terms of this Addendum shall be controlling. The Initial Agreement and this Addendum are collectively hereafter referred to as this "Agreement." By using the WTS, you agree to the terms and conditions of this Agreement.

Definitions

As used herein, the following terms have the following meanings:

"Agreement" means the Initial Agreement and this Addendum, collectively
"Business Day" means Monday through Friday, excluding federal holidays.
“Cancelled” means when a Wire Transfer will neither be processed nor sent for any reason;
"Current Day" refers to Wire Transfers from an account held by us that you authorized with a present day Send On date (i.e., the transfer is scheduled to begin processing the same date as the Instructions are entered);
"Cutoff Time" means 4:00 PM Eastern time on any Business Day or any earlier time that may be displayed on the Wire Transfer screens when you make a transfer. In the event of a conflict between the Cutoff Time stated in this Agreement and the Cutoff Time stated on the Wire Transfer screens, the time stated on the Wire Transfer screens on the Wire date shall be deemed controlling. We may make changes to the Cutoff Time from time to time without advance notice to you so you should always check the screens prior to making a transfer to ensure the timely receipt and transmission of your Instructions. The Cutoff Time is the time by which we must receive Wire Transfer Instructions to have them considered entered on that particular Business Day. The Cutoff Time reflects the time displayed on our internal system clocks and may not necessarily be synchronized with the internal clock displayed on your computer. For this reason, we suggest that you transmit any Instructions to us sufficiently in advance of such Cutoff Times to eliminate the possibility of missing the cutoff;
"Future Dated" means Instructions made via the WTS that are not to be processed on the Current Day; only Business Days may be selected for Future Dated transfers;
"Instructions" means the information provided by you to us for a Wire Transfer to be delivered to the Recipient (such as, but not limited to, Recipient name, bank name and account number);
“Pending” means any Instruction that you have ordered to be made which has not been Cancelled before the Cutoff Time on the Send On date. All Future Dated Wire Transfers are “Pending” starting from the time you enter Instructions until the respective items are “Funded.”
“Personal Accounts” means a deposit account used primarily for personal, family or household purposes.
"Repeating" means automatic recurring Wire Transfers made through the WTS to the same Wire To account for the same amount which you can authorize for transmission;
“Send On date” means the date we will withdraw or charge funds from your Wire From account and begin the delivery process;
"Wire date" means the Business Day specified in a Wire Transfer payment Instruction on which you wish a Wire Transfer Instruction to be executed by us; it is also the Business Day your Wire From account will be debited for the transaction;
“Wire From account" means your deposit account with us from which Wire Transfers will be made hereunder; and
"Wire To account" means, the account to which a Wire Transfer is being requested by you via the WTS.
Registration for WTS
Before you may initiate Wire Transfers using the WTS, you must first register for the service and enter the service activation codes which will be provided to you by us. Once you have correctly entered the service activation codes, you will be allowed to register the names of Recipients to whom you would like to direct wires.

Establishment of Recipient

You will need to establish any Recipients to whom you desire to direct wires prior to the Wire date whenever possible. We must receive your Recipient information and activate the Recipient before you will be able to send wires to the Recipient. You need the Recipient's name, address, account number, bank name and bank address to set up a Wire Transfer. We will review and activate your Recipient within a commercially reasonable time of receipt of the information, normally within one Business Day.

In accepting a Wire Transfer Instruction issued in your name, we may rely upon the identifying number (such as Fedwire routing number or account number) of the Recipient, the Recipient's bank or any intermediary bank, as instructed. Also, the Recipient's bank in the Wire Transfer Instructions may make payment on the basis of the identifying number even though it identifies a person or entity different from the named Recipient. If you provided us an incorrect account number for the Recipient or identification number for the Recipient's bank, you may lose the amount of the Wire Transfer.

Making a Wire Transfer

Once you have registered for the WTS and completed your Recipient setup, you may, on the terms and subject to the conditions set forth in this Addendum, request a Wire Transfer to any established Recipient from the available funds in your deposit accounts with us. We execute wires only on Business Days. Wire Transfer Instructions must be received by us by the Cutoff Time we establish from time to time and as set forth herein or on the Instructions screen. Wire Transfer Instructions that are received by us after the Cutoff Time will be processed on the following Business Day. Funds are deducted from the Wire From account on the Wire date (although balances in your deposit account might not immediately reflect the Wire Transfer transaction). Current Day Wire Transfer Instructions cannot be changed or deleted once you have verified and submitted the Instructions. Any acceptance by us of a request by you to change, delete or recall Wire Transfer Instructions which have been transmitted to us, is made conditionally upon the express understanding by you that we cannot guarantee fulfillment of such a request and that we are not responsible for any failure to change, delete or recall such Wire Transfer. Notwithstanding the foregoing, you may cancel a Wire Transfer initiated from a Personal Account and sent to a Recipient outside of the United States up to thirty (30) minutes after you provided us with the Instruction if you provide us with sufficient information to identify the specific Wire Transfer to be Cancelled.

In order to authorize a Repeating Wire Transfer, you agree you have a printer or other means to obtain a printed copy of your authorization for your records. If you do not have a printer, you agree to continue to authorize a Repeating Wire Transfer on a transfer by transfer basis until you have means of printing a copy of your authorization for your records.

If you desire to cancel a Future Dated or Repeating Wire Transfer, you may cancel your Wire Transfer online before 11:59 PM the day before the Send On date. If for any reason you cannot access the WTS to cancel a Future or Repeating Wire Transfer, you may call customer service at 1-877-242-7372 before 11:59 PM ET the day before the Send On date.

NOTE: If you are using the WTS to authorize a Repeating Wire Transfer in order to pay your line of credit, mortgage or auto account, you are responsible for updating any changes to the monthly payment amount.

For Personal Accounts Only: Notwithstanding the foregoing or any other references in this Addendum to Future Dated or Repeating Wire Transfers, beginning on September 22, 2013, you cannot provide and we shall not accept Instructions for Future Dated or Repeating Wire Transfers to a Recipient located outside of the United States.

Acceptance of Wire Transfer Instructions
All Wire Transfer Instructions transmitted to us are subject to our review and acceptance. Our confirmation of the receipt of your transmission is an indication only that we have received your Instructions. We will debit your Wire From account for the amount of the Wire Transfer Instruction accepted by us, and may debit the Wire From account for all fees associated with the Instruction. You shall have sufficient available funds in the applicable account on the Wire date. We will not be obligated to make any Wire Transfer unless and until there are sufficient available funds in your Wire From account to cover the Wire Transfer on the Wire date. In the event you submit a Wire Transfer request and there are insufficient available funds to immediately process that request, we may confirm the receipt of your Instructions but need not accept the request until there are sufficient available funds in the Wire From account. If at the Cutoff Time on the Wire date of the Instructions there are still insufficient funds in your Wire From account, we may at our option in our sole discretion, and without any obligation to do so, extend any overdraft or other credit account. In addition, you agree that we are not required to accept any Instructions for an amount in excess of the dollar limits established by us from time to time. Repeating Wire Transfers will be paid on the same calendar day of each transfer period or on the prior Business Day if the regular Send On date falls on a non-Business Day. Future Dated Wire Transfers (including Repeating Wire Transfers) will be deducted from your Wire From account on the Send On date.

Notwithstanding any Instructions to the contrary, we reserve the right to use any funds transfer system and intermediary bank in the execution of Wire Transfer Instructions, and we may use any means of executing Wire Transfer Instructions that we deem reasonable in the circumstances. You authorize such funds transfer systems and any intermediary, receiving or beneficiary banks to deduct fees from the funds transferred. You may initiate Current Day Wire Transfer Instructions in either U.S. dollars or the primary local currency, as applicable, from a deposit account. Future Dated and Repeating Wire Transfer Instructions may only be initiated in U.S. dollars. We reserve the right to convert funds from U.S. dollars to the primary local currency prior to executing the Wire Transfer. You understand that we or any intermediary, receiving or beneficiary banks may apply their prevailing exchange rate(s) in the conversion and payment of funds to any Recipient in other than U.S. currency. If the Wire Transfer is in a foreign currency, and funds are returned because, for any reason, payment cannot be made, our liability will be limited to the New York exchange market value rate at the time refund is made, less charges taken by any correspondent banks.

You authorize us to charge your designated Wire From account for all Wire Transfers that are issued in your name and verified by us in accordance with the security procedures described in Section 9. You specifically authorize us and our agents to electronically debit your Wire From account for the purpose of making Wire Transfers in connection with WTS.

Accounts with Multiple Owners/Signers

You agree not to request Wire Transfers from any account that requires two or more signatures. You agree, further, not to change the account documentation to require two or more signatures until you have first notified us to terminate access to such accounts by calling or writing us at the phone number or address set forth in Section 11. No such change will be effective as to your WTS until we receive the notice and have a reasonable opportunity to act upon it.

Recipient Limitations

We reserve the right to refuse to pay any Recipient whom you may designate for a Wire Transfer. We will notify you promptly if we decide to refuse to execute your Wire Transfer Instructions. You represent and warrant to us that you will only set up Recipients and make Wire Transfer Instructions that are in compliance with the laws and regulations of the United States of America, including without limitation, economic sanctions administered by the United States Treasury Department's Office of Foreign Asset Control ("OFAC") and any other applicable laws and regulations. We operate within the guidelines established by OFAC. Under penalty of Federal law, we are obligated to block transactions where any party is included on one of OFAC's list of designates. Proceeds from blocked transactions must be held until such entity is removed from the list or upon special permission from OFAC.

Security Procedures

You must utilize a User ID and password to access the Online Services and WTS. Prior to registering for WTS via the Online Service, you will be required to enter a unique service activation code which will be delivered via the method you select during the WTS activation process. You must log on to the Online Service with your User ID and password and enter the service activation code within 9 days of our transmittal of the code to you in order to be able to use the WTS. Once you have correctly entered the service activation code, you will be required to establish your Recipients online. Once you have established a Recipient in this manner, you will be able to make subsequent Wire Transfers to the same Recipient by logging on to the Online Service with your User ID and password. These security procedures help to prevent unauthorized access to your account. You should not discuss or disclose the procedures, your User ID and password, your service activation code or any other items of personal information that we may utilize to confirm your identity, with any person not authorized to access your accounts. You acknowledge and agree that the security procedures described in this Section 9 are commercially reasonable.

Liability Limitations

You are responsible for all Wire Transfers issued in your name using your Online Service password. If you permit other persons to use the Online Service or your password, you are responsible for any transactions they authorize. NOTE: ACCOUNT ACCESS THROUGH THE ONLINE SERVICE AND WTS IS SEPARATE AND DISTINCT FROM YOUR EXISTING SIGNATURE ARRANGEMENTS FOR YOUR ACCOUNTS. THEREFORE, WHEN YOU GIVE AN INDIVIDUAL THE AUTHORITY TO ACCESS ACCOUNTS THROUGH THE ONLINE SERVICE, THAT INDIVIDUAL MAY HAVE ACCESS TO ONE OR MORE ACCOUNTS TO WHICH THAT INDIVIDUAL WOULD NOT OTHERWISE HAVE SIGNATURE ACCESS. YOU ASSUME THE ENTIRE RISK FOR THE FRAUDULENT, UNAUTHORIZED OR OTHERWISE IMPROPER USE OF YOUR PASSWORD. WE SHALL BE ENTITLED TO RELY ON THE GENUINENESS AND AUTHORITY OF ALL INSTRUCTIONS RECEIVED BY IT WHEN ACCOMPANIED BY SUCH PASSWORD, AND TO ACT ON SUCH INSTRUCTIONS.

To the maximum extent permitted by law, we shall not be liable for: (i) any errors or losses you sustain in using the WTS except where we fail to exercise ordinary care in processing any transaction, (ii) any failure to provide the WTS if the account(s) involved is no longer linked for the Online Service, (iii) any act or failure to act by an intermediary bank or any other third party; (iv) any event or circumstance beyond our reasonable control or (v) indirect, special or consequential damages, regardless of the form of action and even if we are advised of the possibility of such damages. Our liability in any case shall be limited to the amount of any funds improperly transferred from your Wire From account less any amount that, even with the exercise of ordinary care, would have been lost.

Errors and Questions

In case of errors or questions about your Wire Transfers, if you think that your statement is wrong or you need more information about a Wire Transfer listed on the statement, you should contact us as soon as you can by calling 1-877-242-7372 (1-713-262-3300 outside the U.S.) seven days a week, or by writing us at Online Customer Service, P.O. Box 2558, Houston, TX 77252-9968.

Indemnification

You indemnify us against any claim, liability or loss asserted against or incurred by us as a result of (a) the issuance of any password or service activation code (including the means by which we transmit such password or service activation code to you) or (b) use of WTS, including but not limited to (i) any claim that use of a password or following the security procedures set forth herein are not a commercially reasonable means of providing security against unauthorized Wire Transfers from accounts, (ii) any liability or loss incurred as a result of your changing your account documentation without notifying us as required by Sections 7 or 13, and, if yours is a business account, (iii) any liability or loss incurred by us as a result of our allowing an account to be included in a Multiple-Business Subscription or linked to another account in accordance with Section 13. You further agree to indemnify us for all claims, costs, demands, expenses, liabilities and losses including reasonable legal fees and expenses, arising from any claims of a third party relating to any action taken or not taken by us pursuant to this Agreement or any service, unless the action or non-action constitutes negligence or willful misconduct by us.

Linking Business and Personal Accounts

If yours is a business account, you may be permitted to link Personal Accounts to your Online Service profile provided (i) the authorized signer on the business account is also an authorized signer on the personal accounts to be linked; and (ii) the personal account information provided during linkage is accurate and can be validated. You agree not to change the account documentation to either add a second signer to the business account or change the name of the business account, until you have first notified us at the phone number or address in Section 11 to terminate access to such account. No such change will be effective to the WTS until we receive the notice and have a reasonable opportunity to act.

Authority

If yours is a business account, you represent and warrant that you are authorized to enter into this Agreement and to bind your business hereto, and that your Online Service application conforms to the terms and conditions of this Agreement.

Fees

We reserve the right from time to time upon notice to you to add, delete or modify charges. There is no monthly fee for establishing the service. Fees are assessed only if you initiate Wire Transfer Instructions and are applicable for each Wire Transfer Instruction initiated. Additional fees may apply. Fees will be charged against your Wire From account for each wire Instruction accepted by us.

Fees for all business accounts except for Advanced Business Checking and Advanced Business Checking with Interest are as follows: Domestic Wires: $25; Foreign Wires: $40 for wires initiated in U.S. dollars; $35 for wires initiated in the primary local currency originated from an account opened in a Chase branch located in Ohio; $45 for wires initiated in the primary local currency originated from accounts opened in Chase branches located in all other states.

If yours is an Advanced Business Checking or Advanced Business Checking with Interest account, the fees are as follows: Domestic Wires: $10; Foreign Wires: $25 for wires initiated in U.S. dollars; $35 for wires initiated in the primary local currency originated from an account opened in a Chase branch located in Ohio; $45 for wires initiated in the primary local currency originated from accounts opened in Chase branches located in all other states.

Fees for consumer accounts are set forth in the Deposit Account Agreement provided to you when you opened your account with us. To find out the amount of the fees applicable to you, visit the Customer Center tab and click the See Deposit Disclosures and Interest Rates link to see the Additional Banking Services and Fees document.

Severability
In the event that any of the provisions of this Agreement are held by to be unenforceable by a court or arbitrator, the remaining portions of the Agreement will remain in full force and effect.

Governing Law
THIS AGREEMENT IS SUBJECT TO ALL APPLICABLE U.S. FEDERAL LAWS, REGULATIONS, RULES AND WIRE TRANSFER ARRANGEMENTS, INCLUDING BUT NOT LIMITED TO REGULATION J OF THE BOARD OF THE FEDERAL RESERVE SYSTEM AND THE UNIFORM COMMERCIAL CODE ARTICLE 4A AS INCORPORATED BY APPLICABLE STATE LAW.

**************************************************
Anonymous Coward
User ID: 48237298
United States
10/16/2013 11:09 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
didnt read the whole thread

But if what the op is saying is that they are limiting/restricting money transfers from US to overseas or abroad

then folks I think its a question of time before they severely restrict travel out of the US

heads up
 Quoting: Anonymous Coward 20344047


If you cannot open a foreign bank account, per new US tax laws, and you cannot take cash out of the country, and you cannot wire transfer funds internationally, I think that is tantamount to restriction of travel no?
Anonymous Coward
User ID: 47078040
United States
10/16/2013 11:11 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
First:

Quantum Dawn 2 - July of this year, banks both big and small opted to participate in a cyber-security drill/simulation where their systems were hacked and attacked. This was, supposedly, to see their system's weak points.
Thread: Wall Street False Flag Watch: Cybersecurity Exercise: Quantum Dawn 2

Second:

A couple of days after the .gov shutdown, Obama holds a meeting with top bank chief executives to, supposedly, discuss the .gov shutdown and default.
Thread: Obama Meets With Big Banks (Including Goldman Sachs) For New Line Of Credit – In Violation Of US Law

Third:

A few days after Obama's meeting with the top bank chief executives, banks start sending their customers a new liability agreement (even small, local banks). The banks are basically telling us that if anything happens to our money, they are not responsible for it.
Thread: PIN!!! GO VIRAL!!!! BANKS ARE OPTING OUT OF LIABILITY AS OF TODAY EVEN IF ADVISED!!

Fourth:

This thread. No international wire transfers.

Fifth:

Default on the 17th of this Month. Possible 6 week extension (maybe they will need a little more time to set the stage).

Sixth:

Possibly putting a hold on EBT for the month of November (how convenient for that 6 week default extension).
Thread: Families on food stamps could be cut off soon - no funds for November

My opinion:

They are telling us exactly what they are planning to do. Go backwards through the list -- They are stopping us from protecting our money by sending it overseas. This means that our money will be stuck here, in their systems. If all of our money is stuck within their own systems, they can perform a cyber attack on the banking systems. By holding our money within their systems during a cyber attack, they will successfully extract as much of our money as possible. Due to the new liability agreements, these banks will tell you, "Oh well. Not our fault, not our problem." They know that the dollar is dying. They want to want to spare what they can for their own.

1. Stop the people from protecting their money.
2. Stage a cyber attack on banks.
3. Extract all bank account money without being liable.
4. Exchange stolen money to another form of currency.
5. Let there be a default.
6. USD becomes of no value/dollar dies.
7. Leave the American people holding the bag.
8. Become enslaved by China due to debt. The real culprits left the American people without a way to resolve it.
9. Stick a fork in us.

Of course, this is just my opinion.

If you take your money out of the bank and stash it, you will still have to deal with the possibility of the dollar dying.
 Quoting: Anonymous Coward 48419604


And add SEVEN to this list. They are trying to draw back all money already outside the US with "anti money laundering" laws, re FATCA. This has been the source of many people relinquishing or renouncing US citizenship, to escape draconian the IRS extra territorial reach. Again, the little guy, the ex pat, the accidental Americans, are supposedly just caught in the net. But I believe the intended effect is to force money back into the US by "US persons", or face severe penalties.
 Quoting: Anonymous Coward 47871934


The e-commerce system will make it much easier to see where all the money is once "cash" is done away with, which may be the real reason why they are forcing money back into the US. Electronic "digital" monetary system will make it nearly impossible to hide, cheat, or defraud the "system".
Anonymous Coward
User ID: 47078040
United States
10/16/2013 11:15 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
US dollar will, as far as I can tell, be replaced with some form of "digital" electronic monetary system.
Anonymous Coward
User ID: 28041599
United States
10/16/2013 11:21 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Idiocracy is in full effect. "The Corporation" will now be the supplier of all goods and services eliminating small business forever. There will be a variety of names given to this entity, Costco, Wall Mart, Target, Whole Foods, but it's all one monster. Have you noticed you can now get shots at your local Wallgreens? Or Chiropractic at your Whole Foods or optometry at Costco? It's been inching towards consolidation for the past decade right in front of our noses.....
 Quoting: Anonymous Coward 48237298

I am constantly reminded of the Road Runner cartoons from decades ago. Everything that the coyote bought came from Acme, Inc. Was Warner bros. hinting at the future?
Anonymous Coward
User ID: 47871934
Mexico
10/16/2013 11:21 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
First:

Quantum Dawn 2 - July of this year, banks both big and small opted to participate in a cyber-security drill/simulation where their systems were hacked and attacked. This was, supposedly, to see their system's weak points.
Thread: Wall Street False Flag Watch: Cybersecurity Exercise: Quantum Dawn 2

Second:

A couple of days after the .gov shutdown, Obama holds a meeting with top bank chief executives to, supposedly, discuss the .gov shutdown and default.
Thread: Obama Meets With Big Banks (Including Goldman Sachs) For New Line Of Credit – In Violation Of US Law

Third:

A few days after Obama's meeting with the top bank chief executives, banks start sending their customers a new liability agreement (even small, local banks). The banks are basically telling us that if anything happens to our money, they are not responsible for it.
Thread: PIN!!! GO VIRAL!!!! BANKS ARE OPTING OUT OF LIABILITY AS OF TODAY EVEN IF ADVISED!!

Fourth:

This thread. No international wire transfers.

Fifth:

Default on the 17th of this Month. Possible 6 week extension (maybe they will need a little more time to set the stage).

Sixth:

Possibly putting a hold on EBT for the month of November (how convenient for that 6 week default extension).
Thread: Families on food stamps could be cut off soon - no funds for November

My opinion:

They are telling us exactly what they are planning to do. Go backwards through the list -- They are stopping us from protecting our money by sending it overseas. This means that our money will be stuck here, in their systems. If all of our money is stuck within their own systems, they can perform a cyber attack on the banking systems. By holding our money within their systems during a cyber attack, they will successfully extract as much of our money as possible. Due to the new liability agreements, these banks will tell you, "Oh well. Not our fault, not our problem." They know that the dollar is dying. They want to want to spare what they can for their own.

1. Stop the people from protecting their money.
2. Stage a cyber attack on banks.
3. Extract all bank account money without being liable.
4. Exchange stolen money to another form of currency.
5. Let there be a default.
6. USD becomes of no value/dollar dies.
7. Leave the American people holding the bag.
8. Become enslaved by China due to debt. The real culprits left the American people without a way to resolve it.
9. Stick a fork in us.

Of course, this is just my opinion.

If you take your money out of the bank and stash it, you will still have to deal with the possibility of the dollar dying.
 Quoting: Anonymous Coward 48419604


And add SEVEN to this list. They are trying to draw back all money already outside the US with "anti money laundering" laws, re FATCA. This has been the source of many people relinquishing or renouncing US citizenship, to escape draconian the IRS extra territorial reach. Again, the little guy, the ex pat, the accidental Americans, are supposedly just caught in the net. But I believe the intended effect is to force money back into the US by "US persons", or face severe penalties.
 Quoting: Anonymous Coward 47871934


The e-commerce system will make it much easier to see where all the money is once "cash" is done away with, which may be the real reason why they are forcing money back into the US. Electronic "digital" monetary system will make it nearly impossible to hide, cheat, or defraud the "system".
 Quoting: Anonymous Coward 47078040


or to do legitimate, legal, biz or pleasure outside the US.
tandym

User ID: 1667343
United States
10/16/2013 11:34 AM

Report Abusive Post
Report Copyright Violation
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!

:)

[link to tinypic.com]
 Quoting: eissco


HOLY COW!

I mentioned this to a coworker saying I didn't know how accurate it was since I hadn't researched into it yet, and another coworker (from Nigeria) overheard us talking about it and she said:

"I think its true! Because up until last week we could send Western Union to Nigeria and it would arrive as American Dollars. But now, starting this week, when we send Western Union it arrives as Nigerian dollars instead. They won't convert to American anymore."
Anonymous Coward
User ID: 47369764
United States
10/16/2013 11:42 AM
Report Abusive Post
Report Copyright Violation
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!

:)

[link to tinypic.com]
 Quoting: eissco


HOLY COW!

I mentioned this to a coworker saying I didn't know how accurate it was since I hadn't researched into it yet, and another coworker (from Nigeria) overheard us talking about it and she said:

"I think its true! Because up until last week we could send Western Union to Nigeria and it would arrive as American Dollars. But now, starting this week, when we send Western Union it arrives as Nigerian dollars instead. They won't convert to American anymore."
 Quoting: tandym


Thank God it's over.....5a5a5a
Anonymous Coward
User ID: 15015575
United States
10/16/2013 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
It's just a form letter from Chase. Everyone is getting them.

If you send business wires, you can upgrade to the next highest account for $20 a month and still send internationally. Additionally, the upgraded account waives your first two domestic wire fees each month. So if you also send regular, domestic wires, you actually come out ahead by $30 per month.

Doom off.
goldielucks

User ID: 33674807
United States
10/16/2013 12:14 PM

Report Abusive Post
Report Copyright Violation
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!

:)

[link to tinypic.com]
 Quoting: eissco


HOLY COW!

I mentioned this to a coworker saying I didn't know how accurate it was since I hadn't researched into it yet, and another coworker (from Nigeria) overheard us talking about it and she said:

"I think its true! Because up until last week we could send Western Union to Nigeria and it would arrive as American Dollars. But now, starting this week, when we send Western Union it arrives as Nigerian dollars instead. They won't convert to American anymore."
 Quoting: tandym


byekitty petrodollar

Hello B.R.I.C.S. (Brazil, Russia, India, China, South Africa)
"Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%." ~ Thomas Jefferson

Mrs. Powel of Philadelphia asked Benjamin Franklin, “Well, Doctor, what have we got—a Republic or a Monarchy?”
With no hesitation, Franklin replied, “A republic, if you can keep it.”
Anonymous Coward
User ID: 46650213
United States
10/16/2013 12:37 PM
Report Abusive Post
Report Copyright Violation
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


Never got anything like that yet and I order a lot of parts and machines from international companies. Must be some shitty bank. I have a few bank accounts, the big name one I have is USBank, never got anything like that from them either, the others are just local banks I use for my main transactions, never got anything like that from them either.

News