Given my heightened awareness in the last couple of years regarding a financial collapse in the U.S. (and subsequently the world) I took sharp notice of this article that I came across today.
Citigroup has notified all of its account holders that as of April 1, 2010 that they will require 7 days notice of any withdrawals from checking accounts! I suspect that this will not be the only instance and that other banks will follow. Also, expect slower payments on debit and check transactions.
Mind you Citigroup claims that they have no intention of enforcing this new policy, but that they were required by federal law to disclose it. Yeah, right. Sorry, not buying that. I see it as a blatant defensive move. As such I strongly encourage people to put a high priority on getting their bills paid three months in advance, and having $500 in small bills handy.
© 2019 Of COURSE this post is Copyright Protected by Preparedness Pro. All Rights Reserved. NO portion of this article may be reposted, printed, copied, disbursed, etc. without first receiving written permission by the author. This content may be printed for personal use only. (Then again, laws are only as good as the people who keep them.) Preparedness Pro will pursue all violations of these rights just as vigorously as she does any of her other freedoms, liberties, and protections.