Bitcoin friendly banks-follow up post.

bitart

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Quote from: Inedible on February 22, 2017, 04:30:59 PM

Quote from: Payment21 on February 22, 2017, 01:45:35 PM

Yesterday I made a request to the community here to share banks they think are friendly to bitcoin.

Many were of the opinion that it isn’t easy to find a bank you can describe as ‘bitcoin friendly.’ At best what you would find are banks that are willing to do business with Bitcoins enterprises and users or those that don't really care as to what customers do with their business accounts as long as it isn’t explicitly against the law.

Nevertheless, so far the following are the banks we have in the list of ‘bitcoin friendly banks’.
You are welcome to grow it here.
Thanks
*Fidor in Germany
*Bawag PSK in Austria
*Liberty bank in Georgia, Caucasus
*Chase in USA
*Mistertango in Europe
*TD Bank

May I ask how these have been confirmed?

My understandig is that they keep your bank account in local fiat or in EUR, USD etc. and they don't care if you send money to bitcoin exchange or to bitcoin wallet (in fiat, and wallet keeper does the exchange). They don't have bitcoin as a currency in the bank's system (there's no bank that has bitcoin account), but they don't care about the movements on your bank account, so they are bitcoin friendly. The bank can be bitcoin friendly, if you set up a company that works in the bitcoin business (and not in everyday business like bakery, shop, pharmacy, etc...) and they don't ask about the source of the money credited to the account (anyway, that's the job of the tax authority...)
I've heard about banks that close accounts if the owner sends money to bitcoin exchange, those are the bitcoin unfriendly banks.

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Payment21 on February 22, 2017, 01:45:35 PM

Yesterday I made a request to the community here to share banks they think are friendly to bitcoin.

Many were of the opinion that it isn’t easy to find a bank you can describe as ‘bitcoin friendly.’ At best what you would find are banks that are willing to do business with Bitcoins enterprises and users or those that don't really care as to what customers do with their business accounts as long as it isn’t explicitly against the law.

Nevertheless, so far the following are the banks we have in the list of ‘bitcoin friendly banks’.
You are welcome to grow it here.
Thanks
*Fidor in Germany
*Bawag PSK in Austria
*Liberty bank in Georgia, Caucasus
*Chase in USA
*Mistertango in Europe
*TD Bank

May I ask how these have been confirmed?

Adelajda

full member

Activity: 207

Merit: 100

So is it possible to start a bank account in the names specified who is living from another part of the world .If that is the case then it would have being a cool idea but i really doubt that would happen because money laundering rules does apply here and would restrict people from creating account else where without a valid reason.

OmegaStarScream

staff

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Merit: 6152

Some banks are not only in one country and I believe that the rules of a specific bank are always the same whether the country is the same or not. Fidor for example is not only in Germany but in UK as well. I suggest adding the countries too so that people have a better idea.

Payment21

newbie

Activity: 19

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Yesterday I made a request to the community here to share banks they think are friendly to bitcoin.

Many were of the opinion that it isn’t easy to find a bank you can describe as ‘bitcoin friendly.’ At best what you would find are banks that are willing to do business with Bitcoins enterprises and users or those that don't really care as to what customers do with their business accounts as long as it isn’t explicitly against the law.

Nevertheless, so far the following are the banks we have in the list of ‘bitcoin friendly banks’.
You are welcome to grow it here.
Thanks
*Fidor in Germany
*Bawag PSK in Austria
*Liberty bank in Georgia, Caucasus
*Chase in USA
*Mistertango in Europe
*TD Bank

Topic: Bitcoin friendly banks-follow up post. (Read 1533 times)