OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Sense of Life
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:58 pm by Consciousness Of Economic

» Sense of touch
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:57 pm by Consciousness Of Economic

» Morality cannot be established by ethical preachings (1 $ 2)
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:55 pm by Consciousness Of Economic

» The Principle of Non-Interference
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:51 pm by Consciousness Of Economic

» Someone Testing to see if we are Paying attention, MOST FAILED!
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:48 pm by Consciousness Of Economic

» Equal importance
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:47 pm by Consciousness Of Economic

» Scientist and the Elite Try to Hide What Really Happened at CERN, Demonic Entities, Extra Dimensions
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:45 pm by Consciousness Of Economic

» Yellen Tells G20 Countries To Buy SDR's, The Dollars Days As The World Reserve Currency Are Numbered
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:44 pm by Consciousness Of Economic

» UFO News ~ UFO shaped objects that appeared at sea in Blackpool, UK plus MORE
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 6:30 pm by PurpleSkyz

» Body Language: Trump & Jordan at CPAC
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 4:40 pm by PurpleSkyz

» 3 Secrets Of A Strong Mind
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:40 pm by PurpleSkyz

» These Anti-Solar Panels Don’t Require Daylight To Generate Power
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:35 pm by PurpleSkyz

» Is COVID-Derangement-Syndrome Real?
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:18 am by PurpleSkyz

» Mike Lindell: ‘Trump Will Be Your President Long Before 2024’
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:15 am by PurpleSkyz

» BOLD: Call For Businesses To Re-Open March 1!
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:12 am by PurpleSkyz

» CDC: Corruption, Deceit and Cover-Up
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:00 am by PurpleSkyz

» Healing bombs? CNN’s love affair with airstrikes continues, as network gushes over Biden attack on Syria
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 10:55 am by PurpleSkyz

» Sky News Bombshell: ‘Joe Biden Is Cognitively Compromised’
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 10:51 am by PurpleSkyz

» “There Is More than Enough Evidence in the Public Now to More than Reverse the Election in at Least 5 States”
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 10:47 am by PurpleSkyz

» Not a Rose Garland
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 10:31 am by PurpleSkyz

» UFO News ~ Many UFOs spotted over the city in Korea plus MORE
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptySun Feb 28, 2021 7:22 pm by PurpleSkyz

» Boston Public Schools Remove Advanced Programs Because They Weren’t Diverse Enough
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptySun Feb 28, 2021 6:35 pm by PurpleSkyz



You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins

JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins

Posted on April 6, 2016 by Sean Adl-Tabatabai in News, US // 0 Comments

JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins Jpmorgan-atm-withdrawals-700x350

As major banks across the United States prepare to make it much more difficult for customers to gain access to their own cash, JP Morgan have begun limiting cash withdrawals at ATM machines. 

Citing “criminal activity” as their excuse, the bank say that the withdrawing limits will affect all of their ATMs across the country:
The bank said there doesn’t appear to be fraud involved. But partly due to heightened regulatory scrutiny, banks are paying more attention to large cash transfers that could be a sign of money laundering or other types of shady activity. Typically, the card-issuing bank sets withdrawal limits, not the bank owning the ATM.
The move by the largest bank in the U.S. doesn’t affect J.P. Morgan Chase’s own customers, whose maximum daily withdrawals are set depending on the client’s account type. The bank has seen high-dollar withdrawals at both new and old ATMs, said bank spokeswoman Patricia Wexler.
J.P. Morgan Chase’s change last month affects roughly 18,000 automated teller machines nationwide and followed an interim step earlier this year limiting noncustomer cash removals at $1,000 per transaction. The earlier move was made as a temporary fix while the bank could make software changes to roll out the more stringent daily limit, Ms. Wexler said.
Sponsored by Revcontent

Trending Now


She added that the bank “felt it was prudent to set withdrawal limits on all of our ATMs” after identifying some large cash withdrawals from noncustomers.
Shtfplan.com reports:
In 2015 we warned readers to divest some of their assets out of bank accounts for this very reason, noting that bank glitches and arbitrary holds would begin to affect more and more depositors.
And while the recent move by JP Morgan Chase appears to only affect non-customers, a recent report indicates that the Justice Department has advised bank tellers nationwide to keep any eye out on cash transactions.
Suspicious activity, which by the government’s definition is as little as $3000, should be reported to law enforcement and under existing guidelines police can then seize those funds without charge or trial:
“[W]e encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem, who may be able to seize the funds, initiate an investigation, or take other proactive steps.”
After the massive bailouts required to save the system following the crash of 2008 banks and regulators worked together to ensure that all deposit accounts in the United States are no longer the property of depositors, but rather, the banks themselves.
All customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks.
In a recent interview intelligence insider Jim Rickards discusses this recent trend and provides insights into how susceptible the banking system is to not just cyber warfare or power grid failure, but confiscation in the form of bank bail-ins or outright government seizure.


Thanks to: http://yournewswire.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum