banks refusing to let me open an account - page 3.

Zeke_23

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Quote from: Jenn09 on December 15, 2017, 06:18:42 AM

Bitcoins is very well known in Philippines nowadays and banks also accept bitcoins money in out of their bank, Maybe they just smell something fishy on your source of income coz btc sometimes use to scam persons that's why they protect their bank to be related in that kind of business but i didn't say that your a scam i just point out other things that's why they didn't allow you to have an account to them.

maybe because they wont consider bitcoin as source of income as of today, that's why they wont allow him to open an account. there's a a lot of people saying that bitcoin is scam, or used to scam people, so you really cant apply that reason to open an account in a bank

Zeke_23

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Quote from: Jenn09 on December 15, 2017, 06:18:42 AM

Bitcoins is very well known in Philippines nowadays and banks also accept bitcoins money in out of their bank, Maybe they just smell something fishy on your source of income coz btc sometimes use to scam persons that's why they protect their bank to be related in that kind of business but i didn't say that your a scam i just point out other things that's why they didn't allow you to have an account to them.

maybe because they wont consider bitcoin as source of income as of today, that's why they wont allow him to open an account. there's a a lot of people saying that bitcoin is scam, or used to scam people, so you really cant apply that reason to open an account in every bank

Maian

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

Bdo and security bank you try it. But maybe because to big amount you put it. Thats why the bank are not release you money. If you want to wedraw just maintain your money so that the banks well not rejecting you.

Jenn09

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https://www.spartan.casino/ #SPARTANCASINO $IRON

Bitcoins is very well known in Philippines nowadays and banks also accept bitcoins money in out of their bank, Maybe they just smell something fishy on your source of income coz btc sometimes use to scam persons that's why they protect their bank to be related in that kind of business but i didn't say that your a scam i just point out other things that's why they didn't allow you to have an account to them.

Dabs

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The Concierge of Crypto

I just had an idea. If you really want to piss off the bank, say your income is from your Paypal business. (This is a joke, but it may work without further explanation.)

elsie34

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sir some of banks here in phil. dont know about BTC, and only few of them are getting or accepting transsaction from bitcoin. just try to search in google maybe itwwill help you sir.

Flexibit

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

Unfortunately, Bitcoin is not an acceptable source of income here in the Philippines. Our government has not yet accepted the concept of bitcoin as a primary source of income so opening a bank account is not possible. What you can do is find another source of income that can be "front" so that they won't know that your main source is from bitcoin. Like, for example, you'll have an online shop wherein you'll sell clothes or bags (This example has worked for me). You also need to show the bank your ACR (Alien Certificate of Registration) ID.

Tramle091296

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Maybe the bank in phillipines didnt recognize the bitcoin and they no considering your income is bitcoin. they want is a money like a paper that you can give them and put them in their volt.... and maybe there`s no go signal for them when interms of any related issue in bitcoin like your income or any other reason that your source is bitcoin. try to change your bitcoin to peso or dollar and try it again to open an account im sure they will open an account for you as soon as possible.

nydiacaskey01

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

All you need is a referral from a depositor from the same bank where you want to open and you are good to go, but please don't say that your source of funds is Bitcoin, you can just say trading blue chips stocks. Banks here in the Philippines lately is strict with opening new accounts even if you are a filipino citizen. They will check your back ground and source of funds to avoid bank being used for laundering.

Edraket31

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Quote from: Jlv on December 10, 2017, 09:19:38 PM

Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

If you want to open an account here in the Phils., I think you should not tell about bitcoin, maybe you should tell them that your source of funds is coming from your business in abroad or it is coming from your family., you can go to Union bank or Security bank to ask assistance from them.

hindi pa kasi masyadong ina acknowledge ng ibang bangko ang bitcoin kaya ayaw nila ito na source of income kapag nagaaply ka. pero ano ano nga ba ang bangko na acceptable nila ang bitcoin, ang alam ko kasi bdo hindi nila talaga accepted ang bitcoin. sino may alam dito na bangko na accepted ang bitcoin

Experia

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Quote from: kobe24 on December 09, 2017, 11:27:40 PM

You have any source of income except bitcoin? Banks has no idea what bitcoin is that's why your application is denied.

Imposibleng hindi nila alam kung ano ang bitcoin, sa tingin mo ganun ka tanga mga bangko para wala sila idea kung ano ang bitcoin? yang malalaking company na yan walang alam sa bitcoin e ang mundo nila nasa usapin na pera LOL

Jlv

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

If you want to open an account here in the Phils., I think you should not tell about bitcoin, maybe you should tell them that your source of funds is coming from your business in abroad or it is coming from your family., you can go to Union bank or Security bank to ask assistance from them.

TeamUp

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hindi na denied ang account nyo dahil "walang alam ang bank sa bitcoin" kasi sa totoo lang bank is fully aware of bitcoin, hindi mo din sila masisi kasi ang bitcoin is no hard copy (or proof) how you earned it (specially no tax) so macoconsider den sya na money laundering which highly NO NO sa bank. Apply again in other bank (or other branch nang bank na inapplyan mo) then NEVER talk about bitcoin, explain to them your status without mentioning bitcoin and they will find a way for you to open an account.

CyNotes

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

Do you have any businesses here in the Philippines? Store your money in your wallet. You can open an account in security bank, I think they already accepted the bitcoin in their transaction or if nothing to do, you can invest your money in bitcoin again.

rommelzkie

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Our major banks here in the Philippines (BDO,BPI and Metrobank) already knows the bitcoin but they dont support it because it is not backed by any government (PH or USA).

So for now, it is not a good move to say bitcoin as your source of income. its a big red mark for banks here. you can make other excuses like, Remittance from your home country. Hope you get one. good luck

Experia

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

ganyan din ang nangyari sakin, nag try ako mag open ng bank account (BDO) pero inayawan agad nila ako nung sinabi ko na bitcoin ang source of income, may nagsabi naman sakin na hindi daw talaga pwede yun kaya ayun. next time po try nyo sa ibang bank mag open ng account tapos wag nyo na lang gamitin yung bitcoin na source of income

burner2014

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Quote from: jalaaal on December 09, 2017, 11:41:12 PM

Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

dont ever include bitcoin as source of income if you are going to open a bank account here in the philippines. you are just going to undergo even further investigation about it and keep asking questions about it. i have a friend who also had the same situation as you do. so i suggest not to include it anymore, you can say you are going to open an account as remittance.

kasi kapag bitcoin ang usapan pagdating sa bangko hindi pa nila ito masyadong kinikilala, nangyari sa tropa ko kasi ang ganyan magoopen sya ng account then sinabi nya na sa bitcoin galing ang perang ilalagay nya dito, yun hindi sya na approved. pero bakit ang bdo nag tatransact ng bitcoin kung hindi nila kinikilala ang bitcoin as source of income mo. kasi diba pwede tayong maglipat ng bitcoin thru cash papuntang bdo.

jalaaal

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Quote from: richsoon on December 06, 2017, 10:46:25 AM

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

dont ever include bitcoin as source of income if you are going to open a bank account here in the philippines. you are just going to undergo even further investigation about it and keep asking questions about it. i have a friend who also had the same situation as you do. so i suggest not to include it anymore, you can say you are going to open an account as remittance.

kobe24

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www.cd3d.app

You have any source of income except bitcoin? Banks has no idea what bitcoin is that's why your application is denied.

Dabs

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I normally like BDO and BPI, but keep trying the others. Metrobank, PSBank, HSBC (this one needs a little bit more money than the others), RobinsonsBank, SecurityBank.

For your first transaction, use a small amount from coins.ph or rebit.ph, that should work. Then a few days later, make another one from the other site. Then, after that's all good, make a small withdrawal from bitstamp.

Is the price difference that big between stamp and coins? stamp will send dollars, so there might be an exchange rate fee or something if you're not using a dollar account in the Philippines.

Topic: banks refusing to let me open an account - page 3. (Read 815 times)