Chase Bank: No money allowed to transfer out of USA starting Nov 17th

Follow The Money


I admit that when I saw today’s breaking news on about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn’t believe it, either. So just to check it out, I called my own accounting team to ask if we had received a similar letter from Chase, announcing that no international wire transfers would be allowed after Nov. 17th.

Sure enough, we were sent the same letter! I’ve posted a JPG image of the letter below so you can read it for yourself.

Or Click here to see the hi-res scan of this letter. This is the letter that we received directly from Chase. This is not secondhand information.

The letter clearly states that beginning November 17:

• All international wire transfers will be disallowed.

• All cash activity, including cash withdrawals and deposits, will be halted at “$50,000 per statement…

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