Author Topic: SHOCK! Bank limits cash withdrawls- Doom Predicted (Drudge jumps the shark).  (Read 1270 times)

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Offline AbaraXas

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This afternoon, a shocking headline appeared on Drudge- SHOCK CLAIM: CHASE Bank Limits Cash Withdrawals... Bans International Wire Transfers On Some Accounts... Developing...

For someone just reading the headline, it appears something scary in the economy was on the horizon, and even worse if you read the Infowars article it linked to (link withheld to not give Infowars any hits):

Quote
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls.



This article was accompanied by this image.



Sounds scary, right? Well, anyone who has a business checking account with Chase bank knows otherwise. This shocking claim on Drudge (jumping the shark using Infowars as a source without fact checking) is nothing more than business as usual for Chase and the letter, boilerplate for customers who fail to meet minimum requirements for the business checking plan they have.  As you can see on this list, Chase offers several business checking account options with the lowest option not allowing international transfers and limiting the amount of transactions you can make- exactly what is described in this letter.

https://www.chase.com/business-banking/business-checking-comparison

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


This story has been up on Drudge all day without a correction. This is a reminder that ALL media should be fact checked. Take nothing at face value.
Никогда не обманывайте себя мыслью, что вы «влияете» или вносите изменения в Интернет. Это эфемерное удовольствие.

Offline Atomic Cow

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Anyone using "infowars" as a source has jumped the shark.
"...And these atomic bombs which science burst upon the world that night were strange, even to the men who used them."  H. G. Wells, The World Set Free, 1914

"The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections." -Lord Acton

Offline AbaraXas

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Anyone using "infowars" as a source has jumped the shark.

I've been very disappointed how much attention Drudge has been giving that nut.
Никогда не обманывайте себя мыслью, что вы «влияете» или вносите изменения в Интернет. Это эфемерное удовольствие.

Offline Rapunzel

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Drudge has never been the same since he lost Andrew Breitbart (to start his own operation at Breitbart.com). I don't think a lot of people knew that Andrew was the driving force behind Drudge when it was actually making news.
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline AbaraXas

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Никогда не обманывайте себя мыслью, что вы «влияете» или вносите изменения в Интернет. Это эфемерное удовольствие.

Offline Atomic Cow

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World Nut Daily and Infowars, two sides of the same coin.
"...And these atomic bombs which science burst upon the world that night were strange, even to the men who used them."  H. G. Wells, The World Set Free, 1914

"The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections." -Lord Acton


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