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VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021

 
Anonymous Coward
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10/13/2021 01:55 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
You can send and receive more if you sign up for secured transfer, always been this way, they just lowered the limits for those that don't have secure transfer, used to be called safe pass. Its just 2 factor authentication.
Anonymous Coward
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10/13/2021 01:56 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Lol you idiots still use banks I stopped banking 15 years ago you should see the size of my wad
 Quoting: Anonymous Coward 80079091


you can't live in Mom's basement for ever and when that day comes we will see who the real idiot is!

bsmeter2
 Quoting: M R E


I stopped using them in 2007. What's a matter? Don't got the balls to put your money where your mouth is?
St. Pete Traveler

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10/13/2021 01:59 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483




Or, new conversion rates where a $1,000 in November is equivalent to say $100,000.

Just a thought.
Anonymous Coward
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10/13/2021 01:59 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
You can send and receive more if you sign up for secured transfer, always been this way, they just lowered the limits for those that don't have secure transfer, used to be called safe pass. Its just 2 factor authentication.
 Quoting: Anonymous Coward 80142223


You can be making money if you use crypto, can't believe some fuckheads still use checks. Such an antiquated system.
Anonymous Coward
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10/13/2021 01:59 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483


Do it in installment on separate days. It the only way around this.
 Quoting: hankie


You could be accused of committing a felony...they call it structured payments...it is against the law...or at least could be - I am not a lawyer, but IIRC you could run afoul of the law structuring payments...especially to another person.

[link to klasing-associates.com (secure)]
 Quoting: Anonymous Coward 80134483


To chase someone for small transactions wouldn't be worth it.

But the way the US law works is that they have to cover EVERYONE so the criminals don't have a loophole. It's a criminal game. Unfortunate that we have to deal with so many criminals.

Criminals that we still don't know who they are that did 911 or Mercer Street, or thousands of other terrorism attacks.
 Quoting: Agent 99


$3.50

shill
Anonymous Coward
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Netherlands
10/13/2021 02:00 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483


11/11/2021 is when I expect this stock market meltdown to finish. Me thinks its related to financial meltdown doom.
Agent 99

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10/13/2021 02:00 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Wasn't BOA caught shorting stocks>
 Quoting: S0N1Cx24


This is part of the problem.

For 20 years they've done it and shorted the US public with real investment opportunity.

January 1 everything changes.
Agent 99

User ID: 77082640
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10/13/2021 02:01 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
...


Do it in installment on separate days. It the only way around this.
 Quoting: hankie


You could be accused of committing a felony...they call it structured payments...it is against the law...or at least could be - I am not a lawyer, but IIRC you could run afoul of the law structuring payments...especially to another person.

[link to klasing-associates.com (secure)]
 Quoting: Anonymous Coward 80134483


To chase someone for small transactions wouldn't be worth it.

But the way the US law works is that they have to cover EVERYONE so the criminals don't have a loophole. It's a criminal game. Unfortunate that we have to deal with so many criminals.

Criminals that we still don't know who they are that did 911 or Mercer Street, or thousands of other terrorism attacks.
 Quoting: Agent 99


$3.50

:s
 Quoting: Anonymous Coward 76691666


Says the AC from France and Islam.
Anonymous Coward (OP)
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United States
10/13/2021 02:02 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
You can send and receive more if you sign up for secured transfer, always been this way, they just lowered the limits for those that don't have secure transfer, used to be called safe pass. Its just 2 factor authentication.
 Quoting: Anonymous Coward 80142223


I looked up what you wrote. You are correct, BUT when we are talking about millions of people who receive paychecks, etc. that are over $1,000.00 ... are they really going to need a pin to either send out or receive the money? How about a company with 100,000 employees...do they need to make a text message or send a pin for every transaction...or do the 100,000 employees need to receive a TXT or RSA pin every two weeks in order to get their money?
Reality Czar dodger007

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10/13/2021 02:03 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
So if I want to buy one of Hunter Biden’s artworks, I have to pay by installments?
You can count on America to do the right thing after exhausting every other alternative."
Winston Churchill
Anonymous Coward
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10/13/2021 02:03 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
BMO Harris?
 Quoting: Anonymous Coward 80269194


Think of a snake that strangles...not a python...but...a snake that is a constrictor...and it only has 3 letters in its first part...and it begins with "B"..

B__ constrictor
 Quoting: Anonymous Coward 80134483


Bonnie and Clyde?

Bandicoots Siphoning and Skimming, Bank of Snake People, Venemous Fraudulent Slitheren Lame Men Brothers,Snakes Chase Your Nest Egg,
Wells Lizardgo, Abysmal Dwelling Puppetmaster Financial Syndicate of Reptiles, Thievey Thief Thiefs and Snakes,


I give up
Cebeij

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10/13/2021 02:05 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Why wont OP say B of A. Its fking Bank of Murica, and I have not received any email stating such change. I have a business account with them. I'll keep my eyes open for it if this is truly happening, if not, ill throw up the BS flag.
Anonymous Coward
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10/13/2021 02:06 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
[link to www.bankofamerica.com (secure)]

[link to www.bankofamerica.com (secure)]
Anonymous Coward
User ID: 80298192
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10/13/2021 02:07 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
That's ridiculous!!

What bank are you with?

We have a small local bank, but we'll check if they're doing the same thing.
 Quoting: Fluffy Pancakes


Usually represented with 3 letters...the first one is "B"...and it is an American bank ;-)
 Quoting: Anonymous Coward 80134483


Ok so Bank of America LOL.

WHO GIVES A FUCK??

LOOK HOW SCARED WE ARE TO SAY WORDS ON A FORUM!

THINK HOW FUCKED WE ARE WHEN PUSH REALLY COMES TO SHOCMVE LOL...

BANK OF FUCKING AMERICA
continuity

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10/13/2021 02:08 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
This is an attack on crypto currency and it is going to backfire big time!
It is estimated that there are more stars than grains of sand on earth; but more atoms exist in a single grain of sand than there are stars...

gravity is a harsh reality.
Anonymous Coward (OP)
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10/13/2021 02:08 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021


I looked at the present site. It has the old limits. An email was sent (at least to consumers - another poster received the email as well - and posted the changes to the TOS)...the changes can be seen on the first page of this thread.
Anonymous Coward
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10/13/2021 02:08 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Why wont OP say B of A. Its fking Bank of Murica, and I have not received any email stating such change. I have a business account with them. I'll keep my eyes open for it if this is truly happening, if not, ill throw up the BS flag.
 Quoting: Cebeij


Why won't YOU say it lol???

Go ahead, type it out without the Murica..
continuity

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10/13/2021 02:12 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
how would you get direct deposit for paychecks. I don't think these limitations are possible.
It is estimated that there are more stars than grains of sand on earth; but more atoms exist in a single grain of sand than there are stars...

gravity is a harsh reality.
TaaDaaa

User ID: 49528371
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10/13/2021 02:13 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
That's not really new. You can thank the Patriot Act for the limitations under the guise of anti-terrorism and anti-laundering. You've probably just not noticed it over the last 20 years. As someone who tries to do dealings in cash...its quite a pain. Not being able to withdraw more than 500 a day from ATM...not being able to transfer more than $1000 a day electronic funds, etc.
Trying to buy cars, property, even put a deposit down on a home has become practically impossible. But it's nothing new.

Also, not just Bank of America...its all banks. Capital one, suntrust, wells fargo that I've seen personally.

Last Edited by TaaDaaa on 10/13/2021 02:14 PM
Anonymous Coward
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10/13/2021 02:17 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
BRPP

In other words, Bank Run Protection Program.
Anonymous Coward
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Canada
10/13/2021 02:17 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483


This seems like Online wires, like ones you can do from your online account, not in person wires which have no limit..
Mason Firefly

User ID: 79925043
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10/13/2021 02:18 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483


Who is your bank?
Anonymous Coward (OP)
User ID: 80134483
United States
10/13/2021 02:21 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I just received a change in my Terms of Service (TOS) from my bank. DO TAKE THE TIME TO READ THEM!!! As of November 15, 2021 customers will NO LONGER BE ABLE TO WIRE TRANSFER MORE THAN $1,000.00 TO A PERSON OR $5,000.00 TO A COMPANY ON A SINGLE DAY!!! MY BANK IS ONE OF THE LARGEST BANKS IN THE USA! ACH caps going into place!

Realize what this means!!! Want to buy a car? Do you actually need a paper check? The new "old" way was ACH. Want to buy a car from somebody trying to sell you a car -how much you want to bet that the car costs more than $1,000.00?
 Quoting: Anonymous Coward 80134483


This seems like Online wires, like ones you can do from your online account, not in person wires which have no limit..
 Quoting: Anonymous Coward 79357950


When I have done transfers, I was told that I could do the same thing online that they do in the branch....so, I am thinking they are the same thing. Like another poster wrote...there is "secure transfer," but it requires a PIN or TXT message.
Anonymous Coward (OP)
User ID: 80134483
United States
10/13/2021 02:22 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
BRPP

In other words, Bank Run Protection Program.
 Quoting: Anonymous Coward 80935529


I had not thought of that, but it makes sense!
Anonymous Coward
User ID: 80052361
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10/13/2021 02:24 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Maybe for your poor people checking account.

I routinely wire transfer hundreds of thousands of dollars no problem.
 Quoting: Anonymous Coward 80789556


hmmm

Wonder if this is only for a certain account type?

Nobody with any money would bank there if this is for all accounts.

I absolutely HATE boa, haven't banked with them in over a decade.

But this is nuts.
 Quoting: ^TrInItY^


BOA is racing Wells Fargo to the bottom of the septic tank.

fish
Billions for illegal aliens, peanuts for American citizens.
Dhew121

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10/13/2021 02:25 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
How will people pay rent?
Anonymous Coward
User ID: 80142223
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10/13/2021 02:25 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
You can send and receive more if you sign up for secured transfer, always been this way, they just lowered the limits for those that don't have secure transfer, used to be called safe pass. Its just 2 factor authentication.
 Quoting: Anonymous Coward 80142223


I looked up what you wrote. You are correct, BUT when we are talking about millions of people who receive paychecks, etc. that are over $1,000.00 ... are they really going to need a pin to either send out or receive the money? How about a company with 100,000 employees...do they need to make a text message or send a pin for every transaction...or do the 100,000 employees need to receive a TXT or RSA pin every two weeks in order to get their money?
 Quoting: Anonymous Coward 80134483


Direct deposits are not the same type of transfers, no limit on direct deposits, sign up for secure transfer and you can send and receive per usual ach and wire.
Anonymous Coward
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10/13/2021 02:25 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
BOA is holding the short bag from GME.


They are about to be liquidated of the face of the earth
2012Portal
2012Portal - Mayan Beyond 2012

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10/13/2021 02:27 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Wow, bank limits, covid restrictions, vaccine requirements, supply chain issues, inflation - what could go wrong?
From the love of power to the power of Love - My camera and video gear:
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Anonymous Coward
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10/13/2021 02:29 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Any one who is a patriot and still puts their money in big banks is a asshole.
Why are you financing the war against us???





GLP