tag:blogger.com,1999:blog-8939666320943790100.post8644809876737335116..comments2024-02-11T01:14:21.904-08:00Comments on SURVIVING IN ARGENTINA: French “corralito” around the corner?: New Withdraw Limits ConfirmedFerFALhttp://www.blogger.com/profile/07578136334334588454noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8939666320943790100.post-3406049862897199952011-06-17T05:53:18.328-07:002011-06-17T05:53:18.328-07:00Hi FerFAL !
I've got a MasterCard in France a...Hi FerFAL !<br /><br />I've got a MasterCard in France and I can't withdraw more than 300€/month for years (I suppose that's the proletarian version of these cards LOL).<br /><br />They may be preparing for a bank run, who knows, but I'd rather think it's only for security reasons.Etiennehttp://survivalisme.forumactif.net/noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-83174803334678357692011-06-11T17:00:12.732-07:002011-06-11T17:00:12.732-07:00Bill - That's not uncommon. Nor is it a sign o...Bill - That's not uncommon. Nor is it a sign of anything wrong.<br /><br />It's a VERY common misconception that bank branches (American banks that is) have tons of cash on had. <br /><br />They don't.<br /><br />Each branch is only allowed by the bank to keep a certain amount of cash on hand based on the accounts held there and the average daily business.<br /><br />So it's very possible if you walk in (especially late in the day) and want to make a large cash withdrawl they can't accommodate it.<br /><br />But it doesn't mean there's a liquidity problem with the bank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-49791114985743044522011-06-11T06:49:25.006-07:002011-06-11T06:49:25.006-07:00Cash supplies are very tight in U.S. banks.
Over ...Cash supplies are very tight in U.S. banks.<br /><br />Over the counter I've had trouble getting $5,000 in 20s from the main branch of the largest credit union in our state.<br /><br />Even 15 years ago, while a teller, branches were required to keep no more than $50,000 total in cash to reduce potential theft losses.<br /><br />I'm sure that limit is much lower now - probably $20,000 or less.<br /><br />Remember, here in the U.S. ATMs are refilled not by the local bank, but by national firms dispatched from a central location.Bill in NChttps://www.blogger.com/profile/13183010395531193508noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-78250713346860681952011-06-10T14:21:09.769-07:002011-06-10T14:21:09.769-07:00In France too, you must make an appointment to wit...In France too, you must make an appointment to withdraw money at the bank counter.<br />For amounts in excess of 1500 / 2000 Euros, you need an appointment 48 hours (or more!) in advance. <br />This measure is effective for years. For security reasons, French banks have very little cash on hand.<br /><br />Caution with the source of Max Keiser. Jovanovic is a curious Catholic follower of conspiracy theories who predicted the Apocalypse for years. <br /><br />There are better sources in French, like Paul Jorion, who thinks that the next financial crash could occur in coming months.Jacknoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-73685043521158008192011-06-10T14:15:15.046-07:002011-06-10T14:15:15.046-07:00I live in the USA, and my withdraw limit is $400 p...I live in the USA, and my withdraw limit is $400 per day or $2800 a week.<br /><br />I'm sure if my bank saw me withdraw $400 everyday for a week, I'd get a phone call about it, asking if my card got stolen.hsunoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-72458544557262798102011-06-10T13:59:37.435-07:002011-06-10T13:59:37.435-07:00great post ferfal, glad to see you're reading ...great post ferfal, glad to see you're reading max keiser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-70430452155094947732011-06-10T09:37:10.930-07:002011-06-10T09:37:10.930-07:00Hi there... In Holland you're allowed to withd...Hi there... In Holland you're allowed to withdraw 1250 per week with a standard card.<br /><br />I don't know about any problems with banks running low on liquids, so as to say that this is the beginning of problems, I wouldn't think this.<br /><br />My guess is that few people withdraw 4x 1000 euros every month from their account. <br /><br />You can also make an appointment and withdraw 4000+ euros. I'd say that those amounts are so seldomly withdrawn that it poses no change for people.<br /><br />Another survival mindset view could have been the following: thieves can withdraw a bit less money at a time. You'll get stolen a bit less whenever someone steals your card.Ed from Europenoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-22418783177972054872011-06-10T04:45:19.901-07:002011-06-10T04:45:19.901-07:00Hi Ferfal, I'm French and my money is out of t...Hi Ferfal, I'm French and my money is out of the bank since years.<br /><br />"La banque postale" (Postbank) is a national bank, property of the french state. <br />This bank has been a model of public service for decades, but today we no longer see the difference with private banks.Jacknoreply@blogger.com