How long before UK Banks start limiting cash withdrawls in the same way?.
Citibank has joined the Hotel California Hedge Fund method of allowing withdrawals. Check your money out anytime you like, it just can't leave.
A jump in ATM fraud has led Citibank to slash the maximum amount of cash available to customers from their accounts. In some cases by half.
The new cap on cash distributed by the banks's ATMs began in mid-December after what Citibank called "isolated fraudulent activity" in New York City.
Daily News reports that one Brooklyn woman said she went to her bank branch on Christmas Eve and was unable to take out her normal cash limit, so she called customer assistance.
"She told me customer accounts had been hacked into through cash machines around the city,"