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I’ve not heard of banks with withdrawal limits, ATMs maybe, but if I go to a counter I gotten entire house price money out in 1 go
by killingtime74 4y ago
I’ve not heard of banks with withdrawal limits, ATMs maybe, but if I go to a counter I gotten entire house price money out in 1 go
- JackGreyhat 4y agoNot in the EU. Banks tend to not allow you to do that
- ngetchell 4y agoSuspending payments at banks usually are used to avoid bank runs. I believe the parent was trying to point out that crypto is learning why banks are the way they are now.
- goldhaxx 4y agoIndeed. Defi/Crypto can't solve all of the problems that banks are faced with.
- atwebb 4y agoThat's not how most banks work, you may have been at one that had the person with authority but transfers over certain amounts ($1M around here) require multiple reviews and certain people. You can do it in a day (and regularly do for wires) but it requires additional steps and authorization. Banks also don't necessarily have all of the cash you'd need on hand.