[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 140 KB, 800x610, withdraw.jpg [View same] [iqdb] [saucenao] [google]
17895646 No.17895646 [Reply] [Original]

YES KIND SIR, I WANT ALL OF IT.

>> No.17895672

>>17895646
AAAAAAAAAAaaaannnddd it's gone

>> No.17895679

imagine drawing wojak as the bank, when the bank literally doesn't have to give you shit

>> No.17895702

SIT IF U DO NOT COMPLY
ME AND MY FRIENDS HERE WILL IMMEDIATELU POOPOO PEEPEE ON THE FLOOR

POOPOO PEEPEE ON THE FLOOR
POOPOO PEEPEE ON THE FLOOR

>> No.17895710
File: 7 KB, 223x226, sdfsdfsdcx vc.jpg [View same] [iqdb] [saucenao] [google]
17895710

yes good

>> No.17895744

>>17895679
A bankrun can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy

>> No.17895754
File: 266 KB, 400x400, NOOOOOOOOOOOOOO.png [View same] [iqdb] [saucenao] [google]
17895754

>> No.17895770

>>17895679
Also the bank has the obligation to give you as much cash as you want

>> No.17895872

Based.

>> No.17895893

>>17895744
0% reserves means there are no reserves
>>17895770
no they do not, see greece in 2008

>> No.17895896

>>17895646
https://www.youtube.com/watch?v=Bzz8BvaQL9Q

>> No.17896035

>>17895893
>no they do not, see greece in 2008
It's in the law, you can. In 2008 in Greece they had to pass a special law limiting withdrawals to 70$ to prevent a bankrun.

>> No.17896078

>>17895770
Read your deposit agreement. They can make you wait for up to a week if its a large amount, and need to order it. And they will lie and tell you they don't have enough in the vault if you ask for a large amount on the spot.

>> No.17896080

If the banks go down, paper money is worthless anyway.

>> No.17896141

Converted my CAD savings to USD and withdrew it all. Fuck this maple peso petrodollar garbage.

>> No.17896173

>>17895770
no they don't. ive tried withdrawing $5k in usa and they only let me get $3k and i had to come back the next day for the other $2k. they told me to setup an appointment in advance next time i need to withdraw more than $3k

>> No.17896197

>>17896078
Yes they can make you wait but they can't deny you your money. Imagine when people realize their money is like toilet paper in supermarkets, there isn't enough for everybody

>> No.17896220

>>17896035
that is exactly what will happen in the usa.

Do I have to reiterate it is 100% legal from the end of march for banks to have zero cash on hand

>> No.17896227

>>17896173
same in the UK. tried to draw 7000£ to buy a car, they only let me have £3000

>> No.17896238

>>17895744
Oh id like to see that happen. But i gotta wait several days need to transfer between accounts and then go withdraw. How much should i withdraw as a precautionary measure

>> No.17896250

What is this bullshit doom posting? This running on banks meme is literally retarded. If all the money runs out, the fed will just print more money, which is exactly why you fuckers are freaking out in the first place. Everyone has fucking debit cards?

Let the economy settle, let the Trump Republicans get completely fucking ousted from all portions of the government, and then let the moderates rebuild the consumer economy.

>> No.17896256

>>17896220
Wait so i shpuld withdraw asap?

>> No.17896273

>>17896250
the zero percent reserve requirement means the bank doesn't even have to give you money anymore.

>> No.17896293

So basically, with this 0% reserve shit, cash is probably going to be outlawed or completely fall out of use in the near future. Great, I love having everything I earn be in the sole possession of Jew bankers, represented by little more than a string of numbers on a screen.

I FUCKING HATE THIS WORLD

>> No.17896301

>>17896256
no, if they dont have enough cash people can still use their debit card to pay

>> No.17896305

>>17896256
If you want cash yes. Getting out sooner rather than later is smart.

but whether you want physical cash is a decision that isn't impacted by this change. the difference between the current reserve requirements of 10% and 0% don't make a difference in a bank run. you weren't getting cash either way

>> No.17896323

>>17896305
That’s not the point, if they don’t have to keep any cash on hand then why the fuck would they? Pro tip: They won’t.

>> No.17896359

>>17896305
physical cash is risky too. There is a chance they will ban it so they can do negative interest rates and they will try to ban it saying that touching money is unsanitary instead of their actual reasoning.

>> No.17896549

>>17896173
what fucking garbage bank do you use?

>> No.17896630

>>17896359
too much infrastructure depends on cash to ban it overnight.

>> No.17896708

>>17896293
Buy gold, crypto, or other, more tangible assets, such as real estate. Real estate is the best. Owning land is the safest thing you can invest in.

>> No.17896744

>>17895646
my uncle did this shit yesterday for $100k and they said the money would take a month to arrive.

>> No.17896766

>>17896323
You misread me read the other posts

>> No.17896816

I mean if you have a significant percentage of your wealth in usd, with 0% rates and the likely hood of a bank run and withdrawal limits there is no benefit to having it in the bank vs at home

>> No.17896820

>>17896744
but it will arrive. we already know there isn't enough cash for everybody. when there is no cash it doesn't mean the money in your account disappear or is worthless, just that you'll need to use your debit/credit card or online to make payments

>> No.17896850

>>17896744
Never make any big moves in a panic. How can your uncle be this retarded, yet have access to $100k?

>> No.17896878

>>17895646
>sorry sir we need a minimum of one business week for withdrawls over $5k


hahahah

>> No.17896898

>>17895770
No one tell him

>> No.17896903

>>17895770
read the agreement you signed.

>> No.17896910

>>17896816
The bank knows your address. Would be a shame if such sensitive information would somehow leak out to a group of friendly and diverse urban youths.

>> No.17896912

>be me
>open my bitcoin account
>cant withdraw any because the bitcoin bank doesnt have enough bitcoins in the vault
oh wait never happened KEK

>> No.17896931

>>17896898
maybe in your cucked country Bank of America is limiting cash withdrawals to $3,000, but i can withdraw 100k in mine.

>> No.17896945

>>17896910
Lol.
But the bank has already stolen it. 0% reserves.
You give them cash they give you credit that is subject to their terms

>> No.17896970

it just means that from now on you can't use cash and all your transactions will be monitored, and they will force negative interest rates.

>> No.17897082

>>17896912
Exchanges close withdraws all the time.

>> No.17897117

>>17896970
Bullish for bitcoin?

>> No.17897174

>>17896238

I'm getting 5k in cash tomorrow. Might go back at the end of the week and take another 5k out. BoA gets bitchy wherever you try to get your own fucking money back

>> No.17897260

>>17897174
just keep in mind that even if there isn't enough cash for everybody, it doesn't mean that those who can't have cash lose the money in their bank account. you'll still have your money but you will have to spend it online or through debit/credit card, not anonymously like cash. those of you who value privacy, you may want to withdraw.

>> No.17897315

>>17897082
dont need exchanges once crypto becomes common form of payment

>> No.17897322

>>17895679
>doesn't have to

Our money or their lives

https://www.youtube.com/watch?v=ryqVx5FAeAA

>> No.17897361

>>17895896
sneeds feed and seed

>> No.17897508

>>17896173
Odd. WF let me withdraw 7k out of the blue to buy a car.

>> No.17897854

>we're sorry sir, but according to our databases this account has been flagged for far right internet activity. this account has been frozen.

>> No.17897889

>>17895646
Sure no prob, lemme call the Fed to print up some cash for you

>> No.17899306

>>17897174
5k nice. Theyll probably demand an explanation. Ironic considering its your money. Weighing my options at the moment on whether to cash out or not. On one hand if businesses still accept credit cards i can still buy stuff BUT if negative interest rates or bail in occur like it did in Cyprus I'd want to pull out all of it as idk how they'd structure the bail in.