by Justin Spittler
Casey Research
It’s getting harder to pull your money out of the bank.
J.P. Morgan Chase, one of America’s largest banks, recently made a major change in how it handles cash. Noncustomers can now only withdraw $1,000 a day from its ATMs.
The change applies to 18,000 ATMs nationwide. It’s one of the first big U.S. bank to put this kind of restriction in place.
This begs the question: do you really own your money in your bank? If so, why can a bank say “no” when you ask for it?