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:

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"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."

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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!

:)

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