Money Wiring Adjustments

[Xoza]

• Removal of Transfer Limit: Seeing as there is no limit to how many times you can wire money and no impact/change of doing so I propose the the removal of the $50k limit.
• Bank Transfers (Wiring): I also would also like to propose that wiring money while at the bank should be without a tax/cost. There should be a benefit to going to the bank to perform a transaction, where you would literally take the money out, then place it into a new account.

[Copperhorse]

-1 I think the limit should stay in place. This prevents somebody making a typo and sending 500k instead of 50k

I also don't really mind the fee for wiring as in most banks you would have to pay a transaction fee to wire, although it would be a flat fee not a percentage.

[Xoza]

3 hours ago, Copperhorse said:

-1 I think the limit should stay in place. This prevents somebody making a typo and sending 500k instead of 50k

I also don't really mind the fee for wiring as in most banks you would have to pay a transaction fee to wire, although it would be a flat fee not a percentage.

Really depends on how you wire money. I don't know of anyone who's paid a wire fee for years now. Transferring from one bank account to another is as easy as having a name, and clicking a button.

[DaMasterSplinter]

+1 I would say if you are wiring from the bank you do not need to pay any taxes as you can withdraw the money then pass it to the person instead which everyone does. For the phone I don't mind keeping the fees or the limit as if someone wants to transfer 50k he will have to pay shit ton of taxes.

[Night]

Thank you for your suggestion. We are always looking to implement new ways to improve our community and we appreciate your taking the time to write this. At this time, the interest in your suggestion does not meet the minimum requirements to be considered. We ask you please repost if this is something you'd still like to see implemented and it may be considered at a future date.