Time To Leave Citibank Folks - Citi Warns of Withdrawal Gate
Resisting the New World Order
Join this network
Seen on a recent Citibank (C) statement: "Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change."
Join this network
Seen on a recent Citibank (C) statement: "Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change."
Whoa. Is this an April Fool's joke? A contingency plan to defend against the idea of what "would happen if thousands of [bank] customers pledge to withdraw their money from the bank on a certain day, unless the bonuses are capped?" A strategem cooked up by Citi's new shareholders from the hedge fund industry, an industry in which such withdrawal gates are common? An idea backed by Citi's big shareholder, Uncle Sam, or one of its regulators, Sheila Bair?
I called Citi about it and they said the warning applies only to customers in Texas and that the notification had been mistakenly included on statements nationwide. Whatever the explanation, it doesn't exactly inspire confidence in Citi. I've got nothing against Citi as a general matter -- I have friends who work there, and know some account holders who are generally satisfied customers. But it's hard to believe a bank would be sending out a notice like that on its statements.
Comment
-
Comment by Jeff on February 21, 2010 at 6:08pm
-
This applies only to Texas. I've been an advocate of closing bank accounts here on 12.160 for a long time and I've written about it several times and have received only flack about how hard life will be without a bank account. Sad.
-
Comment by Ya'aKov on February 21, 2010 at 6:05pm
-
Absolute BS from the commienatzimarxist system known as banking.
-
Comment by truth on February 21, 2010 at 5:34pm
-
Thanks CV, scan added to this blog
related
Citigroup Warns Customers It May Refuse To Allow Withdrawals
-
Comment by bys on February 21, 2010 at 4:18pm
-
I'd put my money under the mattress but I bought it on credit.
-
Comment by Charleston Voice on February 21, 2010 at 3:28pm
-
follow this link for Citibank's release:
http://market-ticker.denninger.net/uploads/2010/Feb/citi.png
-
-
Comment by big john lipscomb on February 21, 2010 at 3:03pm
-
my money is under the mattress
-
Comment by youhavetoforgiveme on February 20, 2010 at 12:14am
-
Nope...it's not April yet...and "only applies in Texas" my ass..... I'm just glad that our mortgage is no longer with Citi...
- ‹ Previous
- 1
- 2
- 3
- Next ›
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What the fuck?
"When will the perverts picked out of the government and positions of power for thorough…"
"Welcome on board. Your input is welcome, but could you provide a translation in…"
"Did you lose the password= As far as I know we have changed nothing her. Continue as Sullivan."
Death of an F-106 Pilot in Pursuit of the Unknown
The year in between 1970 and 1972 on July 14 on a single night when a series of events led to the…See More
"Hey, buddy! You're right, I can't get into my account! "
The Re-Evaluation of our Current Reality
Surprisingly, there has been talk of mankind being enveloped in an artificial reality for decades…See More
Source: Havana Syndrome investigation is "a massive CIA cover-up" | 60 Minutes
For years, the U.S. government has doubted the stories of those suffering from AHI, commonly called Havana Syndrome. Now, victims hope that reports of a newl...
Regrets That Cling to Me
Talking with my shadow in the nightI know it sounds contriteA vacuum without the lightThe silence…See More
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network