Source: SOMICOM – Why is Chase Bank banning wire transfers and limiting cash withdrawals for business customers?
Is the bank preparing for some kind of financial crisis or Cyprus-style account gouging?
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FULL STORY: http://www.infowars.com/chase-bank-li…
Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. They indicated that customers would have to pay a fee on every dollar withdrawn over the limit. Given that even a relatively small grocery store or restaurant is likely to turnover more than $50k a month in cash payments, this appears to be part of a wider move to shut down businesses who mainly deal in cash. Chase told us customers would have to upgrade to much more expensive accounts to avoid the capital controls, meaning larger corporations will not be affected. The bottom line is that banks think your money is their money and will do everything in their power to prevent you from withdrawing it in large quantities.
Tags: Chase Bank limiting cash withdrawals, Cyprus, Banksters, business, news
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