Expat Community > Chile

Energyexpert
Joined 2013
Posts: 28

US Govt. Pressures US Banks to Stop Businesses & Customers From Sending Foreign Wires!

11 years ago

News from Santiago, Chile's own Simon Black, yesterday stated that my Chase Bank caved in to government pressure, and in November will stop doing international wires. HSBC in the USA, will for its Premier Customers make it take up to five business days to get your own money! Plus, they are going to limit how much you can take out! Is the the "NEW EU?"

That is what's coming! If you need cash, forget it! Just like the EU, the US is now going to limit you to a trickle removal of cash to anywhere outside the USA! It's time to consider your options, and they are really limited. Only Commonwealth Bank Australia, with no branches outside of Australia, had no pressure. CWB is the only bank in Australia willing to give a non-resident an account.

I talked with my International currency bank, EverBank World Markets, today, and they confirmed the government pressure to stop the outflow of citizens and business pulling their currency out of the USA. They have not caved in yet, but you better have another out of the US bank option set up, because you may not get any warning.

Chase is the US Government's bank. The US government credit cards are Chase. I still have my government employee card. Chase gave me no warning, US Bank & Wells Fargo Bank, have already stopped too!

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Expat Community > Chile

US Govt. Pressures US Banks to Stop Businesses & Customers From Sending Foreign Wires!

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