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Rob Camandona's avatar

Regarding SVB terms of service with respect to a 'waiting' period when withdrawing >$10,000, I think that is referring to cash withdrawals. Most (if not all) of the material outflows were very likely conducted by wire transfer. Most bank branches carry relatively low levels of cash (and staff) and customers withdrawing large amounts of cash is pretty far outside the normal operation of a retail branch.

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Kash's avatar

You said: "But when was the last time you were in a grocery store or a restaurant and used M1 to pay?"

Sure, a lot of people use credit cards, but isn't a debit card M1?

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