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CITIBANK MAY REFUSE WITHDRAWALS...

http://www.businessinsider.com

Starting April 1, 2010: CITIGROUP May refuse withdrawal requests.

Their Client Manual PDF Sections: Withdrawal Refusals & Withdrawal Notice.

https://online.citibank.com/JRS/popups/ao/Client_Manual_20091228.pdf

It States:

[We reserve the right to require seven (7) days advance notice
before permitting a withdrawal from ALL checking, savings and
money market accounts.]

Read »
TruthNeverChanges's picture
Created by TruthNeverChanges 4 years 30 weeks ago – Made popular 4 years 30 weeks ago
Category:   Tags:

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seven (7) days advance

Bill Andreas 4 years 13 weeks 6 days 4 hours ago

seven (7) days advance notice before permitting a withdrawal from ALL checking, savings andtinggi badan

How can they refuse to allow

justin.will 4 years 12 weeks 22 hours 31 min ago

How can they refuse to allow people withdrawl, saying that its their right, how would they feel if people stopped paying their Home Loans installments.

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Article:

TruthNeverChanges 4 years 30 weeks 3 days 7 hours ago

The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days. "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," Citigroup said on statements received by customers all over the country. What's going on? It seems that this is something of an error. The seven day notice policy only applies to customers in Texas, Ira Stoll reports at The Future of Capitalism. It was accidentally included on customer statements nationwide.

Thanks for the post. Keep the

bhkcs1123 4 years 22 weeks 1 day 2 hours ago

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Thanks heaps to the

johnsmith123 4 years 22 weeks 1 day 5 hours ago

Thanks heaps to the author! Regards, citibank credit card

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