Very interesting developments as Chase is eliminating international wire transfers and limiting business bank transactions to $50k/statement period. Some are speculating it is due to the US default and the credit issues that are going to be coming and they plan on holding as many deposits as possible. This will really affect the buying and selling of stock and other large $$ transactions millions of account holders rely on. I do not agree with all of Info wars website but they are the first to report this.

http://www.infowars.com/chase-bank-l...ire-transfers/

Much, much, much more likely this is related to compliance issues then any sort of financial crisis.

Don't we have some rule about links to infowars? If that's all you've got, the better option is not posting at all.

This was reported on GLP way earlier and Zerohedge also has it. Lol dids

I'd still prefer a link to one of those sites. Infowars or prisonplanet should still be instaban IMO.

Picked up by ZeroHedge as well, and a regular poster on another site I follow says he's received this notice as well (FWIW).

The international wire transfers (if that was the only part) seem like they could be compliance issues since America is soooo afraid of "terrorists" transfering money. But the letter also brings up the issue of only being able to withdraw $50k in cash/ATM per statement cycle. I can see needing to coordinate with the bank for delivery of that amount of cash on a single day just due to logistics, but if I had a Chase account I'd raise an eyebrow at not being able to access my funds as needed.

And that makes it better?

Linking to infowars means you read infowars, which means you shouldn't be taken seriously.

Random speculation on crazy websites doesn't require a thread. Find a more credible link and put it in LC if it becomes a real thing we can break it out into it's own thread.