The major 4 don't allow more than 10k I've heard. I think some smaller banks people are having some luck?
Transfers are also incredibly slow.
Many customers did ask for more protection after FTX SBF tried to pull fiat out of our bank accounts and they used that as an excuse to also limit transfers...
I did not know FTX tried to withdraw fiat from banks during collapse. I know there are a lot of scams but I feel that customers should be able to sign a waver and use their money.
I am not in a position where I am being limited but I have had accounts closed recently even from minor previously bitcoin friendly banks. Everyone says it's no longer within their risk tolerance.
I think it is more a concern for someone just entering this world. I imagine that if we see a big price move to the upside there will be a lot of people who find they can't buy what they want to.
Exactly.
Hopefully we'll be there to offer lightning payments in exchange for goods and services.
I'm also not in a position where this impacts me yet but over time 10k might be chump change.
