Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers | infowars
Capital controls imposed on small business owners
Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.
The letter reads;
Dear Business Customer,
Starting November 17, 2013:
- You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring [sic] ones, you scheduled to be sent after this date.
- Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs.
These changes will help us more effectively manage the risks involved with these types of transactions.
Chase is obviously very keen to make it hard for their customers to have any kind of control over their savings and is trying to prevent them from sending dollars abroad, prompting concerns that Cyprus-style account gouging could occur in America.
The move to limit deposits and withdrawals while banning international wire transfers altogether is a bizarre policy and will cripple many small and medium-sized businesses with Chase accounts. Buying stock from abroad in any kind of quantity will now become impossible for many companies, while paying employees will also be a headache. Grocery stores or restaurants that turnover more than $50k a month will be unable to use their account.
Why has Chase announced such a ludicrous and restrictive policy change? Speculation is rife that the bank is preparing for some kind of economic crisis by “locking down” its customers’ money...Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar.
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re: "cash activity limit"
The full article can be read at the above link. As the author of the article mentions in his comments there is a lot of speculation swirling around as to what exactly might be the intent behind such an action. All that speculation aside though, it seems that the probable intent may actually be fairly simple, and obvious. If businesses are to now be limited in monthly cash transactions this leaves them with only one solution - moving their business and customer base toward increased cashless transactions, i.e. smart phone and bio-ID payment systems [link].
$50,000 "per statement cycle" - presumably one month - averages out to just under $1,700 per day. Obviously many businesses can easily exceed that per-day "cash activity" amount.
The cash-to-electronic transition has been underway for years, but apparently the time for forced compliance is now beginning by putting small and mid-size businesses in a position where they will be forced to reject cash payments to stay within the limit. Once that begins, there will be no turning back. Smart phone payment only please...
And wiring it to a foreign country as a work-around - that's out too. Digital control is what is it all about.
see: NWO - Google, Walmart, Etc. Pushing Cashless Mobile-Payment Systems; And Isis 9-1-12 "...the NWO "smart-phone'' mobile-payment system, which is designed to eventually eliminate cash, is moving forward in leaps and bounds...It is not hard to understand that when virtual-money replaces real cash-in-hand that personal autonomy i.e. freedom is something that would no longer exist. Absolutely every single transaction would be monitored resulting in zero privacy and loss of financial control. Each and every individual will be at the mercy of the 'cloud-managers' of the digital netherworld...Question: smart phones...or...dumb phones?" [see post]
This action by Chase, certainly before long to be followed by the rest of the now monopoly banks [i.e. BoA, Citi, Wells Fargo - link], must be seen as a very significant development in the kabalist-globalist cash-elimination digital-financial (666) planetary control scheme.
Rev. 18:4
Capital controls imposed on small business owners
Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.
The letter reads;
Dear Business Customer,
Starting November 17, 2013:
- You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring [sic] ones, you scheduled to be sent after this date.
- Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs.
These changes will help us more effectively manage the risks involved with these types of transactions.
Chase is obviously very keen to make it hard for their customers to have any kind of control over their savings and is trying to prevent them from sending dollars abroad, prompting concerns that Cyprus-style account gouging could occur in America.
The move to limit deposits and withdrawals while banning international wire transfers altogether is a bizarre policy and will cripple many small and medium-sized businesses with Chase accounts. Buying stock from abroad in any kind of quantity will now become impossible for many companies, while paying employees will also be a headache. Grocery stores or restaurants that turnover more than $50k a month will be unable to use their account.
Why has Chase announced such a ludicrous and restrictive policy change? Speculation is rife that the bank is preparing for some kind of economic crisis by “locking down” its customers’ money...Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar.
----------------------------------------------------------------
re: "cash activity limit"
The full article can be read at the above link. As the author of the article mentions in his comments there is a lot of speculation swirling around as to what exactly might be the intent behind such an action. All that speculation aside though, it seems that the probable intent may actually be fairly simple, and obvious. If businesses are to now be limited in monthly cash transactions this leaves them with only one solution - moving their business and customer base toward increased cashless transactions, i.e. smart phone and bio-ID payment systems [link].
$50,000 "per statement cycle" - presumably one month - averages out to just under $1,700 per day. Obviously many businesses can easily exceed that per-day "cash activity" amount.
The cash-to-electronic transition has been underway for years, but apparently the time for forced compliance is now beginning by putting small and mid-size businesses in a position where they will be forced to reject cash payments to stay within the limit. Once that begins, there will be no turning back. Smart phone payment only please...
And wiring it to a foreign country as a work-around - that's out too. Digital control is what is it all about.
see: NWO - Google, Walmart, Etc. Pushing Cashless Mobile-Payment Systems; And Isis 9-1-12 "...the NWO "smart-phone'' mobile-payment system, which is designed to eventually eliminate cash, is moving forward in leaps and bounds...It is not hard to understand that when virtual-money replaces real cash-in-hand that personal autonomy i.e. freedom is something that would no longer exist. Absolutely every single transaction would be monitored resulting in zero privacy and loss of financial control. Each and every individual will be at the mercy of the 'cloud-managers' of the digital netherworld...Question: smart phones...or...dumb phones?" [see post]
This action by Chase, certainly before long to be followed by the rest of the now monopoly banks [i.e. BoA, Citi, Wells Fargo - link], must be seen as a very significant development in the kabalist-globalist cash-elimination digital-financial (666) planetary control scheme.
Rev. 18:4
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