Chase Bank has moved to limit cash withdrawals - bans wires
 

Locked n loaded tin foils!!

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

Oh wow..... I guess that includes all the Paxum, Payoneer cards too then?

it's sounds bad
subscribed

Infowars? LOL

Is this doom and gloom? No, just a customer who failed to meet the minimum deposit requirements for the business checking plan they chose.

http://i.imgur.com/PaF5fLU.jpg

There's nothing about it on their bank's websites, and the only other websites that are reporting this all got the story from infowars. I will bet $10 that its just more fear mongering bullshit from the Glenn Beck wannabe.

Well, Chase is in trouble. They are about to get bitch slipped out of their collective chair.

And, from Forbes and WSJ the war on money laundering is heating up. What else can the US do when it is going belly up come January or March or May 2014 etc. lol. Pick a date, anything's good. Soonish.

The world is de-Americanizing. :2 cents: And Chase has money worries.

what Paxum says?

what PayPal says?

I think Paxum uses Choice bank....

So what bank is Paxum using?

as mentioned paxum is choice bank, have nothing to do with chase ... :2 cents:

We did not receive such a letter and we do plenty of international transfers, sounds like a hoax

Paxum and Payoneer use the Choice Bank in Belize...

Isn't that where they send mike? :helpme

Yea my bad - Choise/Chase... doh

actually I have received the EXACT same letter form chase so I'm gonna go with 'it's true' :2 cents:

that doesn't sound promising, I didn't receive anything but my banker did call me several time asking me to come to the bank since they wish to give me a higher limit on my credit card. I have been traveling for close to 6 weeks but haven't been informed of any letters.
what account type are you using? I got normal ones and the analyst one for wires

normal biz.... no out of country wires and I don't use cash so it's no big deal to me... sounds like drugs/terrorism BS to me... if I need to start wiring funds out of the country I'll speak with chase... pretty sure they will have some option for that

Its strange how some people instantly see the end of the world and others see it as a greedy bank trying to make more money...

I am going for the latter - They are putting restrictions on 'low end' accounts so you have to upgrade and pay more if you need those facilities.....

Choise bank have nothing in common with chase. Sleep well. Our money are still safe.

From payoneer website:

The Payoneer Prepaid MasterCard is issued by Choice Bank Limited or First Covenant Bank, member FDIC, pursuant to a license by MasterCard® International Incorporated.
MasterCard® is a registered trademark of MasterCard International Incorporated.

From Paxum

- "Card" means Paxum card which is issued by Choice Bank LTD, Belize to the Cardholder on behalf of Paxum Inc, Belize and is an optional feature of the e-wallet.

So CHOICE NOT CHASE

interesting that moving 80K-100K a month is 'low end' isn't it...

Guys other bank is Chase Bank, and other one is Choice Bank (that is issuing out cards).
So relax...

Thanks to everyone that helped clear up the confusion.

Paxum uses Choice Bank, not Chase Bank. :thumbsup

^^^this

from what I've heard only select and classic business accounts will restrict international wire transfers. Premium business accounts won't.

^^^true say :1orglaugh :1orglaugh

I love this lock and load threads where somebody dont know what is really go on, and people get scared in second

Reading comprehension around here sucks.

Oh no, they figured out we can move money around.... Or maybe they just decided it was no longer profitable for them to allow international wires. Sounds to me like a business decision.

yes, nothing to see here, move along folks

any wires over 10k for canada now has to be 'approved'. all tied in to terrorism laws.

now all this

i am sure everything is fine tho. it's not like it was your money anyway.

and for all you, 'it's not true till i read it on fox'ers..

http://www.forbes.com/sites/halahtou...rawals-either/

here is the paid propaganda confirming all these fears, and confirming how interested this bank is in keeping the disinformation flowing.

Sucks small business now has to pay up front to send an international wire to.. use.. their.. own.. money. but, hey, any naysayer is obviously a communist.

now it's being reported they have cash withdraw limits of 2k?

http://www.wnd.com/2013/10/report-ch...cat_orig=money

Small business is free to use one of hundreds/thousands of other banks.

I switched my bank just last month because I did not like the original bank.

Wow. Incredible. A working solution. Shocking.

I guess all these banks aren't connected or running their own cartels/rigging. good point. thanks. well done. snort.

Logic has no place with the likes of _Dick_

you really are one of gods special people.

Yeah really...it doesn't seem like anyone actually looked the letter.

I did! :thumbsup

It's great that you can keep moving until it catches up with you.
Chase is at the top of the foreign banking dung heap, the rest of the steaming pile will follow suit soon. ...Keep on believin'!

And the trolls wonder why I keep my posts short and concise. :1orglaugh

Not true. We move alot more than $10k between Canada and the US and vice-versa and other countries too and have never had a single problem. If your bank prevents you from doing a $10k wire transfer it is a red-flag on your account or whoever you may be sending it to. Just call your rep at the bank and ask them to tell you what the problem is.

:thumbsup:thumbsup

Yet.
Whatever your bank is or whatever bank you move to... Just keep buying into the line about how 'Smart' you are for banking with them :thumbsup

you cant pull cash out of the atm out of the country?

Not true. I have wires coming and going over $10k throughout the month every month and have never had an issue.

That said, I went through all of the Q&A when I set up my account and they asked about how you were going to use it, the wires, amounts, etc.. Basically all of the 'know your customer crap'. I keep my bank informed about my business dealing when they ask, and have never had any major problems to date. As long as they know what's going on, you do not get hassled most of the time. It doesn't mean I do not get an occasional call, but I just tell them what's up, and I'm off the phone in 2 minutes.

All that considered, if any one bank becomes too much of a hassle, I am sure there are plenty of local credit unions and smaller banks who would be overjoyed for me to move my business banking to them. While it's an annoying hassle to move your banking, at the same time it's a one time hassle versus a daily or monthly hassle if they are playing silly reindeer games with my accounts. I can simply choose to move my money somewhere else where I am appreciated.