Credit Union Limiting Cash Withdraws

**many houseapes** · 02-07-2012, 07:20 PM

I just thought that it was odd..we've never been in a situation like that before.lol. Went today to pull the rest of the amount out without any problems

**mombottoo** · 02-07-2012, 10:18 PM

Nope, never had it happen to me. I have cashed relatively large checks with no problem, no matter what time of the year it was.

**brenda67** · 02-08-2012, 09:02 AM

JMO...this why I try to keep all my cash ( leaving very little in the bank) within my reach at ALL times..I don't want any bank telling me that I CAN NOT withdraw xxx amount of money out of my account when I have $1000's above what I wanted to withdraw to begin with period!

**MomToTwoBoys** · 02-08-2012, 02:02 PM

When in the world would anyone with common sense have the need to withdraw more than $1,000 from the machine?

That's what walking into the credit union and talking to a teller is for.

**greekislandgirl** · 02-08-2012, 02:06 PM

Originally Posted by McD

This is no longer accurate.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

FDIC: Deposit Insurance Summary

There is a fun little calculator here: https://www2.fdic.gov/EDIE/

Thanks. I haven't lived in the United States for a few years, so I'm uninformed.

**Sumacaroni** · 02-29-2012, 04:10 PM

When I read this, I went looking for this thread. From his experience in Argentina, he says banks running out of money is one sign to watch for....

Preparing for Economic Collapse - Blogs at Chris Martenson

"What happens to your savings/investments? I didn’t have much but managed to close my account just a day before the banks closed their doors. My parents are accountants and saw the signs mentioned earlier. When we went to the bank a nice lady told us they didn’t have USD$1,000 in the bank. Our jaws just dropped. That same day we went to the main branch and closed the account my sister and I had. The next day all banks closed, the accounts where frozen."

**nancycg56** · 02-29-2012, 04:35 PM

Originally Posted by MomToTwoBoys

When in the world would anyone with common sense have the need to withdraw more than $1,000 from the machine?

That's what walking into the credit union and talking to a teller is for.

My bank is in Texas ~ I live in Virginia. It's not impossible that I might need $1,000 from a machine. I would have to go the ATM 5 days in a row.

I won't get a local account ~ I love my bank. I can do all my deposits on my phone or at a UPS store and I do everything else online.