Topic: Does any of the bitcoin friendly banks allow opening of accounts remotely? (Read 3199 times)
July 09, 2014, 09:49:30 AM
ok, what about bank within the SEPA zone that can for sure open accounts over the internet to NON-residents? I need something that does that for sure though.
June 21, 2015, 08:44:30 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
I second this, I have a Schwab bank account and haven't had any issues with them, although I haven't made nearly as many bitcoin transactions as LavaWave has done with them.
That's good to hear that another Schwab customer hasn't had any issues either!
July 09, 2014, 12:57:15 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
I second this, I have a Schwab bank account and haven't had any issues with them, although I haven't made nearly as many bitcoin transactions as LavaWave has done with them.
That's good to hear that another Schwab customer hasn't had any issues either!
July 09, 2014, 09:53:04 AM
by closures you mean account closures due to Bitcoin usage? This might actually be illegal, but can't say for sure.
Why would it be illegal for a bank to decide to stop doing business with you?
Many, if not most, of the posted account closures have been people conducting bitcoin related businesses using personal accounts.
Which makes them hardly surprising.
July 09, 2014, 01:55:28 AM
I use Fidelity Investments for checking. They are also a brokerage and haven't given me any problems with 3-4 coin base tx a month. You can open an account online with them.
July 09, 2014, 01:42:57 AM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
I second this, I have a Schwab bank account and haven't had any issues with them, although I haven't made nearly as many bitcoin transactions as LavaWave has done with them.
July 08, 2014, 02:18:58 PM
There's no such thing is a bitcoin friendly bank, not yet at least. Either they're neutral about it, or they're very hostile. If you open an account mentioning it's specifically for bitcoin business, no banks will welcome you.
July 08, 2014, 01:46:01 PM
I'm not a big fan of Chase. Especially the way that WAMU was gifted to Jamie by Sheila Blair. Other banks were in worse trouble but they wanted to make an example out of them and start the consolidation process. Anyway, that probably belongs on another board. Lol!
July 08, 2014, 01:37:41 PM
Yes I was talking about account closures due to bitcoin transactions. Good points!
July 08, 2014, 01:01:36 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
Wells Fargo has made some diplomatic moves: http://www.reuters.com/article/2014/01/14/us-wellsfargo-bitcoin-idUSBREA0D1LL20140114
-bm
Kudos to Wells Fargo for at least discussing it. Does anyone have an update as far as how that meeting went since it was back in January of this year?
Haven't seen any progress on this, but Wells Fargo tends to be more independent than the other major US banks. For instance they didn't get involved heavily with the MBS junk.
-bm
A better question from me would ask if anyone has had it happen or has knowledge of Wells Fargo closing accounts? I haven't. Every thing that I have read seems that Chase and good ole Jamie are leading the closures. I wonder how Washington Mutual would have handled bitcoin?
hey LavaWave,
by closures you mean account closures due to Bitcoin usage? This might actually be illegal, but can't say for sure.
Ultimately I think we can replace all banking functions with p2p technology. There are some technologies out there that are moving in this direction- although I don't see any of them as being long standing- they lack real theoretical coherence.
-bm
July 08, 2014, 12:54:20 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
Wells Fargo has made some diplomatic moves: http://www.reuters.com/article/2014/01/14/us-wellsfargo-bitcoin-idUSBREA0D1LL20140114
-bm
Kudos to Wells Fargo for at least discussing it. Does anyone have an update as far as how that meeting went since it was back in January of this year?
Haven't seen any progress on this, but Wells Fargo tends to be more independent than the other major US banks. For instance they didn't get involved heavily with the MBS junk.
-bm
A better question from me would ask if anyone has had it happen or has knowledge of Wells Fargo closing accounts? I haven't. Every thing that I have read seems that Chase and good ole Jamie are leading the closures. I wonder how Washington Mutual would have handled bitcoin?
July 08, 2014, 12:02:45 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
Wells Fargo has made some diplomatic moves: http://www.reuters.com/article/2014/01/14/us-wellsfargo-bitcoin-idUSBREA0D1LL20140114
-bm
Kudos to Wells Fargo for at least discussing it. Does anyone have an update as far as how that meeting went since it was back in January of this year?
Haven't seen any progress on this, but Wells Fargo tends to be more independent than the other major US banks. For instance they didn't get involved heavily with the MBS junk.
-bm
July 08, 2014, 12:00:41 PM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
Wells Fargo has made some diplomatic moves: http://www.reuters.com/article/2014/01/14/us-wellsfargo-bitcoin-idUSBREA0D1LL20140114
-bm
Kudos to Wells Fargo for at least discussing it. Does anyone have an update as far as how that meeting went since it was back in January of this year?
July 08, 2014, 11:29:58 AM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
Wells Fargo has made some diplomatic moves: http://www.reuters.com/article/2014/01/14/us-wellsfargo-bitcoin-idUSBREA0D1LL20140114
-bm
July 08, 2014, 10:29:16 AM
One more thing. You can open the Schwab account online as well. Not sure about foreign investors though.
July 08, 2014, 10:24:24 AM
I use Schwab bank (Charles Schwab) and haven't had any issues so far. Most if not all of my transactions are from Coinbase. I average between 5 - 10 transactions a month. So far so good. It's also nice because my brokerage account is linked to the checking account.
July 08, 2014, 10:20:00 AM
Basically most banks within the UK are friendly to Bitcoin, I've had transactions with the name Bitcoin come up multiple times and didn't hear a single word from both Barclays and Hsbc. In fact, I even mentioned that I use it for Bitcoins to HSBC and they didn't care at all but actually asked me to tell them a few more things about Bitcoin. Further some banks on the channel island have come out and said they want bitcoin.
Does any of them open accounts for non-residents?
Hmmm that's a good question, the channel island is basically a tax haven so I would be surpised if they didn't
over the internet?
Most banks now take applications over the internet.. You will still need to show them a passport and proof of address which either means getting notarised copies and mailing them off, or if they have a branch in your country then maybe you can make an appointment and show the docs there.
July 08, 2014, 09:56:39 AM
Chase dosn't appear technically to be anti bitcoin, four months ago they had bitcoin rated as high risk you would need to work through these kinds of issues with any bank that puts this
type of category on an investment product.
type of category on an investment product.
July 08, 2014, 07:23:57 AM
Basically most banks within the UK are friendly to Bitcoin, I've had transactions with the name Bitcoin come up multiple times and didn't hear a single word from both Barclays and Hsbc. In fact, I even mentioned that I use it for Bitcoins to HSBC and they didn't care at all but actually asked me to tell them a few more things about Bitcoin. Further some banks on the channel island have come out and said they want bitcoin.
Does any of them open accounts for non-residents?
Hmmm that's a good question, the channel island is basically a tax haven so I would be surpised if they didn't
July 07, 2014, 07:44:05 AM
Basically most banks within the UK are friendly to Bitcoin, I've had transactions with the name Bitcoin come up multiple times and didn't hear a single word from both Barclays and Hsbc. In fact, I even mentioned that I use it for Bitcoins to HSBC and they didn't care at all but actually asked me to tell them a few more things about Bitcoin. Further some banks on the channel island have come out and said they want bitcoin.
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