Just went to the atm and the daily withdrawal limit dropped from $3,000 to just $1,000. Seems like they’re scared of a run on the banks 😳

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The money won’t matter when it hits the fan. It will be resources you bought with it before hand that’ll count. Not that I’m predicting the end but if the bulge bracket banks are failing, then there are bigger problems afoot

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Good point. May I ask what you (and your firm) *are* predicting?

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Or they know your industry and what's coming....

likefunny

There are multiple overlapping limits on ATM withdrawals (by account per day, by ATM location per withdrawal, set by customer vs enforced by bank or ATM owner), most of which kick in between $500 and $1000. I’m surprised you ever managed to withdraw $3000 from an ATM before.

likesmart

Every bank account I have has an ATM limit of 500 or 600 per day. Which bank let's you (or used to let you) withdrawal 3K?

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Chase

That’s outrageous, how am I supposed to fill a kiddie pool with $1,000

funnylike

Something innocuous just happened to me and I’ve extrapolated it to the end of civilization!!!

likefunny

Why do you need that much cash? Running a little scheme OP? 🤔

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Lmao

I bank with USAA, I can manage my limit right from the app 🤷🏻‍♂️

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Yeah chase is $500 I think?

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Nice didn’t know it was so high. Always went to the teller if it was more than $500

Yeah. I went to the bank to pull out 15k cash for my contractor. The bank teller told me people are taking out 100k due to COVID

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It’s the generation that doesn’t trust banks. It’s not banks we have to worry about it’s inflation since we just printed a ton of money it made all the money under the mattress and in the bank worth less than before. We have a strong currency we’ll see what happens.

Can you call the bank and increase it?

The banks usually do it if you call them .

Chase will let you withdraw $3000 from a chase branded atm

Thanks for telling everyone where to rob us. Fck.

funny

Y’all should know all cash notes have a little bit of coke and lil bit of feces on it. So, yeah... Don’t get a lot of cash and definitely don’t lick your fingers when counting!

They have a reserve rate. I don’t think their strategy to prevent a run would be to reduce withdrawal limits. That’s like choking someone who’s already having a panic attack.

Who needs 3k cash on them? Unless...well that’s probably why

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