Bank of America

ALL The signs are there...

And it sounds to me like withdrawing as much as you can while you can would be a good idea.

Plus an ATM is not an adequate substitute for a person behind the counter.

Why are you people still using Banks? Go to a Credit Union FFS.

Good post OP. This is not good. Not surprised. I have always thought the whole COVID hoax and even the BLM crap was a cover for the impending reset. And this little issue tells me it's getting closer.

LOL...what a convenient excuse. Wow, that will work.

Coin shortage

Teller shortage

Soon to be cash shortage

Close your account ASAP!!

gross you use banks

And so it begins....

The greatest shitstorm of our lives is upon us

U t out of touch w reality

No reason for transfer limits other than to stop an anticipated run on deposits (your money).

welcome to Trump America

I worked at JPM Chase Bank during the 2008 eco crisis and we didn’t even install transfer limits then.

She’s about to get bumpy, folks. Hold on to your dicks.

People is hoarding cash, meltdown is coming to a bank near you.

No, I think that would be you.

Welcome to Dem America.
Obama never left and is helping to hold you hostage.
Go back to CNN.

Please keep in mind that what goes for BoA goes for citi, jpm, wells and all other banks.

For some, likely short period of time, cash will be king. Then it goes to cash is trash.

Plan accordingly

Yep, evictions incoming July 31st.

Big retail banks have a term for what makes their business model so Teflon: “Swimming In Deposits”

Meaning that if you have enough retail checking and savings customers, then you make a lot of money off of all that money “sitting” in “your” accounts, because in reality, that money is being used to extend loans and LOC’s out to other customers to make money. A bank fun is simple, it’s when enough people come to the branches to take enough of their deposits out that the branches can’t keep up with incoming FedRes cash shipments to pay them out on demand, like you would assume they could.

In reality, if you want to withdraw 100K from a bank account in cash, you’re gonna need to call ahead and probably wait a day or two for the Branch to have it on hand to be able to give, and still function...and that’s when it’s normal. When it’s a bank run, they say shit like, “transfer limits”.

That's $30,000 per month through the ATM. If you got more bills than that, your banking the wrong way.

Join a credit union and dump BOA.

Go look at the murals they have at their Corp offices

Received same in Texas yesterday. New Online terms agreement. It begins August 10.

[link to imgur.com (secure)]

You, my friend, seem not to understand what a bank RUN is. Keyword run, not fucking walk or jog.

In 30 days, your money will have been gone for about 20+ days.

Well ok they closed but this could a signal to the end of cash and person to person customer service.

Limiting wire transfers...if true could be thesign of a bank run though

Last Edited by Undestroyer on 07/08/2020 09:25 AM

This is fucking absurd! Anyone can see that "they" are using COVID-19 to implode America's banking and financial industry.

Why aren't dozens of gas stations, or supermarkets, or flower shops closing because of this spike in COVID-19? They all have close contact with customers and employees.

What... COVID-19 is more easily spread among bank employees? Give me a break, they aren't even being subtle at this point.

And what good will that do when the Bank of America collapsed?.

Better start trading cannabis for this shall be the main currencies.

They close them to protect the employees that work there AND the customers!

I don't bank with them, but my bank has closed the lobby too. Has been that way for a long, long time now. I just use the ATM if I need cash. I make my deposits using my bank's cell phone app.

For purchases, you could use your debit card. Safer to just use a credit card and pay the bill using online banking.

The less I have to actually visit the bank, the better.