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
» There's a 'Lost City' Deep in The Ocean, And It's Unlike Anything We've Ever Seen
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 12:46 pm by PurpleSkyz

» UPDATED! BOMBSHELL: New Project Veritas video hits it out of the park!!! Watch now!
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:56 am by PurpleSkyz

» Food shortages will increase in 2023: here are the top 13 most likely products to show scarcity
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:34 am by PurpleSkyz

» Hunter Biden Was Receiving Classified State Department Briefings on a Regular Basis – Used to Promote Biden Family Business
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:25 am by PurpleSkyz

» First Commercial-Scale Nuclear Fuel Recycling Facility Being Developed
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:07 am by PurpleSkyz

» Where the Hell Are Biden’s Weed Pardons?
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:04 am by PurpleSkyz

» Former Detroit Lions Player Dies at 25, Team Announces
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 11:00 am by PurpleSkyz

» CHD Sues FDA to Obtain Documents Related to VAERS Reports on COVID Vaccine Injuries, Deaths
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 10:54 am by PurpleSkyz

»  Breaking: Federal Judge Blocks California Law Punishing Doctors for ‘COVID Misinformation’ aka "COVID VAX TRUTH"
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 10:53 am by PurpleSkyz

» Satire Or Serious: "Why Didn't The Unvaccinated Do More To Warn Us?"
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyToday at 10:49 am by PurpleSkyz

» Died Suddenly's - 01/26/23
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:53 am by PurpleSkyz

» Earth’s Core Has Stopped and May Be Reversing Direction, Study Says
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:48 am by PurpleSkyz

» Transgender Agenda News
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:33 am by PurpleSkyz

» Parsing an Ungrateful Generation
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:22 am by PurpleSkyz

» ‘Engineered’, Yes,…But In The Wuhan Lab?
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:18 am by PurpleSkyz

» It's Hammer Time - San Francisco judge orders police bodycam footage of Paul Pelosi attack to be released
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:16 am by PurpleSkyz

»  Establishment Demands You Stop Damar Hamlin Conspiracy Theories
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 11:10 am by PurpleSkyz

» Record Renewable Energy Generation in Australia Led to Record Low Demand and Emissions in Fourth Quarter of 2022
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 1:03 am by PurpleSkyz

» Consuming medicinal cannabis oil improves sleep in adults with insomnia
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:53 am by PurpleSkyz

» Major Blow as Experimental HIV Vaccine Fails in Late Clinical Trial
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:35 am by PurpleSkyz

» Oh Oh!! - 90 seconds to midnight
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:31 am by PurpleSkyz

» NASA is building a nuclear rocket to get to Mars in just 45 days
JP Morgan Begin Restricting ATM Withdrawals As Cash Ban Begins EmptyYesterday at 12:29 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » 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