According to businessinsider.com, Citibank has sent a notice to their customers stating that they reserve the right to refuse to give their customers their money with a 7 day notice. So if you have a checking account with Citibank, you be look into this. Because one day you could show up at an ATM machine and get a nasty surprise. According to the article, Citibank told their customers the following:
"Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,"
If you find any articles that confirm or counter this information, please send me an email or contact me on Youtube.
http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
http://www.americanbankingnews.com/2010/02/22/citibank-disclosure-says-customers-must-provide-7-days-notice-to-make-withdrawal-nyse-c/
I believe this will spread to other banks. I also did a Youtube video citing market-ticker.org
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