The Year of the Ox Arrives in China, Land of 'Currency Manipulation' [View article]
Not sure which bank you are using in China, but I have made one time withdrawals of over 100,000 from single accounts at both the Bank of China, and Industrial & Commercial Bank of China, in the last couple of years and as recent as last month; they do not have daily limits on withdrawals.
On Feb 02 10:41 AM hazenyc wrote:
> i think he is implying the daily ATM limit is in place to prevent > mass withdrawls a la A run on the bank... > You can go inside and cash out ur account in a cashier's check the > ATM limits are in place to: prevent most people from accidentally > withdrawing too much money from their measley checking accounts.. > and to ensure the machine doesn't run out of money!
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Not sure which bank you are using in China, but I have made one time withdrawals of over 100,000 from single accounts at both the Bank of China, and Industrial & Commercial Bank of China, in the last couple of years and as recent as last month; they do not have daily limits on withdrawals.
Feb 02 11:10 am
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All Comments by fawnpass »The Year of the Ox Arrives in China, Land of 'Currency Manipulation' [View article]
On Feb 02 10:41 AM hazenyc wrote:
> i think he is implying the daily ATM limit is in place to prevent
> mass withdrawls a la A run on the bank...
> You can go inside and cash out ur account in a cashier's check the
> ATM limits are in place to: prevent most people from accidentally
> withdrawing too much money from their measley checking accounts..
> and to ensure the machine doesn't run out of money!