In all seriousness, if I were you I’d close your account immediately. One cashier’s check, thank you and good-bye.
I’ve never heard of a major bank with a $2000/day limit on withdrawals. It’s even more ominous that that’s the limit on transfers as well.
Back in July or so when a couple of those hedge funds started to limit withdrawals and transfers, they were bankrupt within a couple of weeks.
I agree. Close the accounts now.
I think the limit has to do with free transfers to accounts in other banks. Usually, in a "demand" account, the depositor may demand all of their money at any time. With other types of accounts, CDs, some money markets, the depositor may have to wait to get their money. In either case the terms should be spelled out in the micro print contract signed when the account was opened. Citi has a notice about the transfer program here.