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

 
Anonymous Coward
User ID: 65571479
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10/13/2021 02:30 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
.

These payment rails are dying..

Soon to be replaced by crypto rails…

.
 Quoting: Anonymous Coward 65571479


If other banks are doing this, it is a systemic change. A deliberate slowdown of the economy to crawl speed.
 Quoting: Anonymous Coward 79249554


In other news…

Cardano Has a Promising Future, According to Bullish Bank of America

[link to investorplace.com (secure)]
Pedo Joe

User ID: 66918830
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10/13/2021 02:30 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


Well you won't be in the near future, fuckhead
Pedo Joe
Pedo Joe

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10/13/2021 02:31 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Anyway.. we know op is misunderstanding something and it won't be what they're thinking.

The subject of thread is incorrect.

As usual...with this site
Pedo Joe
avidinternet

User ID: 80367742
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10/13/2021 02:31 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Change to TIAA bank. ACH is 50K a day allowed in or out.

2K a day withdrawal from debit card. Will reimburse all ATM fees if you have 5K in your account.

I just called them and there is no such limit now or anytime for the terms BOA has in place.
Coastie patriot
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10/13/2021 02:32 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
lets be logicl folks this about making sure billionaires pay there taxes

Thread: Yellen Says Spying On All Bank Accounts Over $600 Is A Way to Hold Billionaires Accountable
Anonymous Coward
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10/13/2021 02:32 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
That'll certainly pump the cryptos, having all illicit trade using their currency.
Anonymous Coward (OP)
User ID: 80134483
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10/13/2021 02:33 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Anyway.. we know op is misunderstanding something and it won't be what they're thinking.

The subject of thread is incorrect.

As usual...with this site
 Quoting: Pedo Joe


Is it possible I am wrong - yes, but you can read the changes to the Terms of Service - they are on the first page of this thread.
Coastie patriot
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10/13/2021 02:33 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.
 Quoting: Anonymous Coward 80142223


so your money can flow in super easy just harder to get it out !!!!
Anonymous Coward
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10/13/2021 02:34 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
does not favor the individual transactions
Beep Boop

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10/13/2021 02:34 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Do you people even know what a wire transfer is?
Anonymous Coward
User ID: 78152436
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10/13/2021 02:35 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
yeah like western onion
Anonymous Coward
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10/13/2021 02:36 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I am writing a new thread - this GOT WORSE!!! It is limiting INBOUND transfers as well...so max in or out to a person $1,000.000 max in or out to a business is $5,000.00...SO EVEN IF YOU DON'T DO BUSINESS WITH THIS BANK...IF YOU TRY TO DO BUSINESS WITH SOMEBODY WHO DOES...YOU ARE SCREWED!!!
 Quoting: Anonymous Coward 80134483


Usaa recently changed its daily deposit limit for me from 100k to 25k max.
Jean-Luc Stockyard

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10/13/2021 02:38 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
What if someone is buying a house and needs to wire a down payment into escrow?
 Quoting: Anonymous Coward 77878753


Right? There's hundreds of situations. Plus, the $5000 cap on small business? I work for what's considered a small business, and we may ACH $100K or more at any one time.
Mason Firefly

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10/13/2021 02:40 PM

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


Thanks for posting this.
Grove Street (revived)

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10/13/2021 02:40 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
crypto is going online this november

getting rid of the SWIFT system

moving to ripplenet and others.
Anonymous Coward
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10/13/2021 02:41 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


I checked with Charles Schwab. they say NO wire transfer limitations, current or planned. If your household balance is 100k or more, you get 3 free wire transfers per quarter.
Scorched

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10/13/2021 02:42 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
BOA = owned by China.
They have us completely surrounded...those poor bastards
beeches

User ID: 78973486
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10/13/2021 02:44 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
bump
Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
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10/13/2021 02:44 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Not an issue.
In one year, none of us will have a thousand dollars.
You will just use a loaf of bread.
It’s already sliced into 20 $50 pieces...
Anonymous Coward
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10/13/2021 02:45 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
...


The "old" TOS is still up on their site. I received an email about the new TOS going into place on 11/15/2021.
 Quoting: Anonymous Coward 80134483


OP I received this change in terms of service to via email yesterday from same bank
 Quoting: Anonymous Coward 80112530


For the sake of the dumb ass who put up the BS flag - am I lying? Do the new Terms of Service limit ACH transfers?
 Quoting: Anonymous Coward 80134483




I am sorry for the wall of text do not know how to post screen shot, this is from the email



II. ACH and Wire Transfers
Section 5B of your Service Agreement will be revised so that the following limits, fees and cut-off times will apply to ACH and Wire Transfers.
Types of Transfers4,5
Sending Limits (per transaction)6
Receiving Limits (per transaction)6
Fees7
Cut-off time
Three Business Day ACH (outbound) Consumer
$1000
N/A
$3
8 PM ET
Three Business Day ACH (outbound) Small Business
$5000
N/A
$1
8 PM ET
Three Business Day ACH (inbound) Consumer
N/A
$1000
$0
8 PM ET
Next Business Day ACH (outbound) Consumer
$1000
N/A
$10
8 PM ET
Next Business Day ACH (outbound) Small Business
$5000
N/A
$5
8 PM ET
Next Business Day ACH (inbound)8 Consumer
N/A
$1000
$0
8 PM ET
Same Business Day (domestic) Wire Transfer (outbound) Consumer
$1000
N/A
$30
5 PM ET
Same Business Day (domestic) Wire Transfer (outbound) Small Business
$5000
N/A
$30
5 PM ET
International Wire Transfer (outbound) Consumer9
$1000
N/A
$45 (US Dollar transfer)
$0 (Foreign currency transfer)
5 PM ET
International Wire Transfer (outbound) Small Business5,9
$5000
N/A
$45 (US Dollar transfer)
$0 (Foreign currency transfer)
5 PM ET
Your continued use of our Mobile and Online Banking services constitutes your agreement to these changes and to our Online Banking Service Agreement.
4
For domestic transfers, funds will be debited from your account on the business day you direct us to initiate processing of the transfer, and typically will be credited to the receiving account on the same business day, next business day or third business day after the transfer is initiated, depending on your choice.
5
For Direct Payments Service, see the Business Services Addendum for details on fees and limits.
6
Daily and monthly limits may also apply. You may be eligible for higher transaction limits if you add Secured Transfer to receive a one-time passcode on your mobile device or register a USB security key. Higher transaction limits may also apply for
You will be charged $25 for each transfer trace that you ask us to execute for you. International transfers may be subject to additional fees charged by intermediary, receiving and beneficiary banks.
8
To be eligible to receive a next business-day ACH transfer, you must first have received an aggregate of $500.00 in one or more three business day ACH transfers, and the first three business day ACH transfer must have been at least 60 days prior to the first next business day ACH transfer.
9
For international outbound transfers, funds will be debited from your account on the business day you direct us to initiate processing of the transfer will send the payment out on that business day and, except for Remittance Transfers the beneficiary's bank typically receives the funds 1 to 2 business days later and the funds typically will be credited to the beneficiary within 2 business days. See Section 5.F of the Online Banking Service Agreement for special rules applicable to Remittance Transfers.
For more details, please review the full Online Banking Service Agreement which will include these updates as of November 15, 2021.
Thank you for being our client.
 Quoting: Anonymous Coward 80112530

I’m with that bank and never received such an email... so BLUFF FOR YOU! bsflag
#1FanNirvana

User ID: 72859047
United States
10/13/2021 02:50 PM

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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I am writing a new thread - this GOT WORSE!!! It is limiting INBOUND transfers as well...so max in or out to a person $1,000.000 max in or out to a business is $5,000.00...SO EVEN IF YOU DON'T DO BUSINESS WITH THIS BANK...IF YOU TRY TO DO BUSINESS WITH SOMEBODY WHO DOES...YOU ARE SCREWED!!!
 Quoting: Anonymous Coward 80134483


What about paychecks... Lot of people make over 1000.
All my post are theatrical artistic writing .
Anonymous Coward
User ID: 66097394
United States
10/13/2021 02:51 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Do you people even know what a wire transfer is?
 Quoting: Beep Boop


do you even know what the ACH is.


Ach is the agency that say ABC Bank owes XYZ bank and make sure that money transfers to them and they all get what is owed.


13 years in banking !!!!


all electronic transfers of fund go thru ach since it isnt actual currency but digital!!!


DBC, CHECKS,WIRETRANSFER, DIRECT DEPOSIT, online bill pay!!!!!
chrion777

User ID: 79167926
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10/13/2021 02:54 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


Is this for Wire, or ACH? They are not the same thing.
Wire transfer is how people pay for a downpayment on a house; so I think you are confusing things.

They are probably limiting ACH due to ACH fraud; since the system is susceptible to fraud.

Basically this means if you want to transfer a large sum of money you'll have to pay the $20 wire fee.
Anonymous Coward
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Iceland
10/13/2021 02:55 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Apple
iCloud changed its tos today. Now
They can delete your data if they think it's racist , offensive, herassing
And you know the sjw crap
Anonymous Coward
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Canada
10/13/2021 02:55 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
Been sayin it for two months now. They want to crash the economy. Its deliberate.

1; first food shortages
2; then bank runs
3; then rationing
4; then famine and starvation
5; fullblown chaos
6; then probably war
Anonymous Coward
User ID: 66097394
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10/13/2021 02:56 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
either way it is a foreshadowing of what they are doing , what with the 600.oo spy

Thread: Yellen Says Spying On All Bank Accounts Over $600 Is A Way to Hold Billionaires Accountable
Anonymous Coward
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Greece
10/13/2021 02:57 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


that's crazy

people can't do business like that

which bank?
 Quoting: ^TrInItY^

buy today what you need, keep alot of cash hidden, take your money from every bank with transfer limits (soon they all will do it)

the bank is bank of america

they suicide for a reason, they follow a plan..a future without banks? or a future with some money just for some gmo or insect food?
Jean-Luc Stockyard

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10/13/2021 02:57 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


and yet you can't afford a GLP membership??

DOrolleyes
 Quoting: M R E


Haha, second time this has been said in a couple of pages. Obviously I'm not this guy, but the way people treat each other around here, and they way I've been personally hammered, I wouldn't buy a membership if I was a billionaire.
coastie patriot
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10/13/2021 02:57 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
either way it is a foreshadowing of what they are doing , what with the 600.oo spy

Thread: Yellen Says Spying On All Bank Accounts Over $600 Is A Way to Hold Billionaires Accountable
 Quoting: Anonymous Coward 66097394


dont piss on my back and tell me its raining !!!
Butch DeFeo

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10/13/2021 02:58 PM
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Re: VERY IMPORTANT - SOMETHING HORRIBLE COMING - See your bank's TOS 11/15/2021
I find this hard to believe.

Maybe they created those terms just so they can say no to deadbeats.
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.





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