I see a few people still trying to buy up cheap bitcoin at MtGox.  I say to them, please please do not send MtGox any money.  They just don't don't deserve to be in charge of it.  If you want to speculate on the cheap Bitcoin there, at least find some way to send cash to the bitcoin owners there, pay them  ON THE SIDE, and let them cash out a bit that they may never get otherwise.   It should cost you the same.  I see there is already one broker that will help arrange it, but perhaps the community should get together to to find more safe ways for people to trade outside MtGox without enabling the  increasing of MtGox's horde.

The 20 day rule is explained as a way for every one to get a chance at withdrawals, instead of one large holder of cash to just tie up the "queue" for months with a rush of individual maximum withdrawals all initiated at the same time. 

It is plausible, given an effective limit as above.    On the other hand if there were a flow of 200,000 Euro a day, outgoing, then I am sure we would hear about a lot more people getting large chunks of it.  So, yes, it has got to be hogwash anyway.     

They used to have a story about how they could only pay out 60,000 Euro a day, and that withdrawals greater than 50,000 Euros had to be split up in chunks of 50,000 at most.   Last I recall it is still on the FAQ somewhere.

Actually, I have it on good authority, that since the 1st of February 2014 there is no longer any limit on SEPA transfers except that the form that banks have to use only accepts up to 9 digits plus two decimal points.  You can Google for the SEPA  rule changes that are effective for the first of this month.  Doesn't mean that individual banks can't make their own rules, especially a Polish bank which not actually in the EUROzone, but is in the EU, and has an understanding with EUROzone members.   EUROzone officials frown on exceptions though, so such banks can be threatened through the special agreements to comply with the rules that promote commerce, or discontinue the arrangement. 

Somehow I doubt the MtGox is paying out even 60,000 Euro a day, except maybe to themselves, the proceeds of their crimes.  I suspect the token amounts are just honey to attract flies.

Made a 50 Euro SEPA withdrawal on the 16th of Feb.   Was posted in my German bank on the 18th of February.   Meanwhile my withdrawal for 1,000 Euro from 22 January is not yet even pending.  

Meanwhile I initiated another 50 Euro withdrawal.  

Probably they were just trying to tempt me to put more money back in.   No way!  I would buy 1 BTC from someone, at this point, at Mt.Gox price, just as a further test to take out 50 Euro at a time, but pay for it on the side --  I wouldn't want to see MtGox get another cent to play with.

Further note:  I just got a reply from support telling me what I had already found out about the 50 Euro deposit to my German bank, and the way it was worded indicated that the meaning of the FAQ, where they talk about withdrawals under 100 Euro, is that such transactions are not entered into their infamous "queue", and are processed independently and quickly.   So everyone, get those 99.99 Euro withdrawals moving on out.  Of course I got only the world's most confusing statement about why my 1,000 Euro withdrawal was still hanging out to dry.

I have an idea, just as a test. And just for whoever tries it first:  I run Computer Shop of Calgary LTD, the world oldest computer retailer, and also sell OpenBSD items via www.openbsd.org/orders.html.  Order $150 CDN worth of merchandise, including at least one poster.  Don't pay by credit card but select "pre-arranged", and mention in the comments you want to pay by 1 MtGox Euro.   You will get an order confirmation, followed once shipping alerts me to it, by an email with how to pay.  Send it after I email you a wallet address at MtGox (since moving Bitcoin within MtGox is still enabled).   Next step, send me an email saying you want to cancel the order.  I will refund you by SEPA transfer if you give me your IBAN number, 100 Euros.  Plus I will send you the poster anyway!   Why so complicated?  It's so that you will know that you are dealing with a reliable merchant, and not be afraid to advance one MtGox bitcoin.  And we have way too many posters still in stock, plus I love to promote OpenBSD.  austin@computershop.ca