Makes sense with what we know. A no-notice risk closure would end in a check for the balance, and the canned phrasing here in the US is "7 - 10 business days" for most things from banks -- replacement debit cards, etc. Naturally, most things arrive much sooner, so this sets kind of an upper bound to where we will see funds. And, wherever he opens an account to disburse the USD, will have to be informed so they don't flag a huge deposit and then hundreds (thousands?) of wire and ACH transfers for AML risk reasons, which they may not like.

This just underlines the necessity for Bitcoin even more. Any time you touch fiat, you're only free if you it within the bell curve. Even if you are operating within the law, if it falls outside some parameters, you may find yourself up a creek.

Huge datacenter breach recently has my bank so paranoid over whose info is in the wind that I've had to call to verify transactions after several card freezes doing pretty "ordinary" stuff -- filling an out-of-pocket script, buying an international flight (thought I had the ticket for 12 hours before Vayama emailed the bad news "we don't know, contact your bank"; by that point there were no more seats), filling up gas on travel, buying f-ing Starbucks on travel (??!!). Always inconvenient, sometimes plan-altering.

While if you misspell an address in bitcoinland you're screwed, at least when you send money, you know and can watch it the whole way...