FWIW I also bank with Wells Fargo as well as other institutions with my business. We have noticed just this week reduced transfer limits as well as additional days to clear funds. Keep in mind this is a business account and now our 30 day maximum limit from Wells Fargo to Chase is capped at 15k which is bonkers for a business. Our daily transfer limit has also been capped at 10k. There are severe controls in place at WF to reduce the risk of capital flight.
https://twitter.com/StealthQE4/status/1638048347599650817?s=20
I expect to see more of this. The way its looking if you need money at a bank. Its best to have lots of smaller checking accounts spread across the bigger banks at the moment. Also most people don't know exchange accounts at trading brokers tend to have higher insurance than banks. 100k cash 1 million inassets plus even more depending on the broker.
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