What Else is New? Banks making it impossible to live paycheck-to-paycheck

Citibank needs seven days?

By Marilyn Barnewall
Monday, March 1, 2010

Late last week, a slight furor arose when it became public knowledge that Citibank sent the following notice to customers:

“Effective April 1, 2010, we reserve the right to require seven (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.â€