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So is that an eventual cutoff for people transferring their old Pokemon into the new games?
As far as I know, Bank will continue to work for now, but the Pokémon company have urged people to transfer their pokémon to Home asap.
The important bit:
At 4pm PDT on April 8, 2024, online play and other functionality that uses online communication will end for Nintendo 3DS* and Wii U software. This also includes online co-operative play, internet rankings, and data distribution.