Broker Check
Are Banks Limiting Cash Withdrawals?

Are Banks Limiting Cash Withdrawals?

May 27, 2021

There are NO new laws regarding cash withdrawals. Banks can use safety measures in times of stress to help ensure that as many people as possible receive their money as soon as possible.

The current safety measures include:

1. Notices of withdrawals for large amounts of cash

2. Financial Crimes Enforcement Network (FinCEN.gov)

3. Banking holidays

If you have questions or concerns, please contact us!

Schedule A Call With Us!