did you know that in canada, the only way to make a purchase over $5000 CAD is with a credit card?

unless the merchant accepts wires, you cannot use funds in a chequing/savings account, debit or visa debit cards, prepaid cards, etc. all are capped at 3-5k single purchase and/or 3-5k daily limits in the name of AML. you also can’t withdraw that much cash at one time without hitting daily limits.

it is truly absurd to *require* that a credit issuer offer you e.g. 10k of credit (or more) via a CC or LOC in order to spend 10k of your own money that you already have.

building /juicebox | product marketing & growth | prev. NounsDAO, RAW DAO | learning to code

Fun havoooooooor | Co-creator of the universe | FuckANiche.com | prev @forefront

yeah lol, would love someone to explain how preventing me from buying a laptop at Apple is a helpful anti money laundering regulation

Damn that's absolutely insane, the system is fucked