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Topic: Banks and Bitcoin (Read 1267 times)

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
April 05, 2013, 01:42:54 AM
#1
Was checking canvirtex and canadianbitcoin exchange
They lost TD and Royal Bank Transactions wondering if all the big banks follow suit in time are their other ways to trade coins as banks fear competition for now still a few banks

https://www.canadianbitcoins.com/
Effective Feb 22 at 5PM, we will no longer be accepting TD Cash at Branch Deposits, or TD Payee payments to BUY or SELL Bitcoins.
Apr 3 2013   RBC Bank has decided to close our account. As such, deposits to RBC are now unavailable, as well as direct deposit and cheques, as RBC was the main bank that we processed those payment methods from. Hard to believe that in todays world with a digital crypto-currency -- cash is king. We are working on new solutions. Stay tuned.
Mar 5 2013   Added estimated days until shipping for Cash orders. We are currently backlogged and orders will be held in queue. All other methods send payment same or next business day.

https://www.cavirtex.com/news
April 2, 2013, 12:46 p.m. - RBC Closing, Cash Processing and EMT Changes

1. Our Royal Bank account will be closing on April 5, 2013. Cash payments will no longer be accepted at any RBC branch after April 5, 2013. You may still make cash payments to BMO and Scotiabank. 2. As a result of the closure of RBC, email money transfer fees will be raised from $10 to $20 starting April 5, 2013. We advise all customers to use the direct deposit method to withdraw CAD from their VirtEx account. Unverified users can use direct deposit to withdraw up to $5000 per day and $10,000 per month. 3. We are no longer processing RUSH cash payments, instead, we are increasing the number of times we process cash each day. Cash payments will be processed at 9AM, 2PM, 4PM and 8PM (MST).
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