Fidelity
Vanguard
Schwab
Brokerages offer nearly all of the advantages of national banks with none of the bitcoin hostility
+ Bitcoin friendly
+ Free checking
+ Free debit card
+ No ATM fees
+ Free bill pay
+ Professional support via phone and instant message
+ No hidden fees
+/- Only a few brick & mortar locations per city, so you'll have to drive a little further for in-person services like notary
- No cash deposits, for that I use BlueBird at WalMart (max 2,000 USD/mo)
Topic: First Halifax, now HSBC - ACCOUNT CLOSED (Read 2897 times)
... and it's almost exactly the same words...
if one were so inclined, one could think that the banks were issued standard response statements to use for BTC accounts that they wish to close...
or they have the same lawyer that wrote it up... or they have the same letter for all T&C 'violations'...
or they all just sound the same when the open their mouths.
when will the BTC community come together to open a 'crowd funded' bank? there must be some country where a licence would be easy to get...?!
The problem being that if a new bank opens to specifically cater for BTC, the other banks simply won't lend to them, thus stopping them in their tracks on day 1.
Also - if you set up a bank, you're an 'insider' and you would benefit most from the current fiat system. Why would you actively promote Bitcoin?
Not true. With Halifax, I had transferred money to BTC-E through OKPAY.
However with HSBC, I hadn't, I had only sold / bought a few times on localbitcoins, direct to other user's bank accounts. Never any reference to Bitcoin.
Could you please explain "transferred money to BTC-E through OKPAY." ?
Well, I sent money via BACS to OKPay (actually the same company as BTC-E I think).
From OKPay I transferred the money to BTC-E and spent it on BTC.
... and it's almost exactly the same words...
if one were so inclined, one could think that the banks were issued standard response statements to use for BTC accounts that they wish to close...
or they have the same lawyer that wrote it up... or they have the same letter for all T&C 'violations'...
or they all just sound the same when the open their mouths.
when will the BTC community come together to open a 'crowd funded' bank? there must be some country where a licence would be easy to get...?!
Not true. With Halifax, I had transferred money to BTC-E through OKPAY.
However with HSBC, I hadn't, I had only sold / bought a few times on localbitcoins, direct to other user's bank accounts. Never any reference to Bitcoin.
Could you please explain "transferred money to BTC-E through OKPAY." ?
Do you mind telling us what order of magnitude the afore mentioned transactions were ?
With Halifax, it was probably about £10k.
With HSBC, it was probably less than that directly related to bitcoin. Other transactions were on that account but they were purchasing parts from retailers, all well above board.
Are they locking your fund with them or just closing the account after giving all your dues ?
No the funds in the account including any interest are just returned to me as a cheque.
but, you can use localbitcoin and wire system (to a private seller).
or others exchange with thrid party (okcoin, etcs ...).
the bank never seen the direct exchange ... fee hell, well ... it's the game, now.
or others exchange with thrid party (okcoin, etcs ...).
the bank never seen the direct exchange ... fee hell, well ... it's the game, now.
Not true. With Halifax, I had transferred money to BTC-E through OKPAY.
However with HSBC, I hadn't, I had only sold / bought a few times on localbitcoins, direct to other user's bank accounts. Never any reference to Bitcoin.
This is why the bitcoin community needs to stop waiting for the banks to accept bitcoin and crowd-fund our own fiat bank so we can move fiat to exchanges without getting our accounts closed. I'm not talking about a "bitcoin bank" or any such nonsense, but a regular fiat deposit bank owned by bitcoin users in the form of publicly traded assets. It costs about $12-20 million to start a bank in the USA. I started a thread arguing for this awhile ago:
https://bitcointalksearch.org/topic/banks-916527
https://bitcointalksearch.org/topic/banks-916527
I really like that idea. I wonder why it hasn't been done already?
I suppose it's probably because any bank that sets up and is openly Bitcoin friendly will be shunned by other banks and not able to lend themselves, thus, failing at the first hurdle.
This leads me to think a bank blacklist would be an interesting and useful idea, if it doesn't already exist. A bank doesn't play nice with users of bitcoin? Well now they're on the list. Lost business for them, more press for bitcoin "trying" to be "legitimate".
Here you go:
List of Bitcoin Hostile (and friendly) Banks
Very out of date now???
Quote
Scary stuff how the banks are so in control of our lives and can cut us off from civilisation by closing our bank accounts.
This has been a problem with banks since forever really. You buy into their system, they own you and the use of your money.
This leads me to think a bank blacklist would be an interesting and useful idea, if it doesn't already exist. A bank doesn't play nice with users of bitcoin? Well now they're on the list. Lost business for them, more press for bitcoin "trying" to be "legitimate".
Bitcoin will be used for nefarious purposes as well as good.. Quit kidding yourself.
This leads me to think a bank blacklist would be an interesting and useful idea, if it doesn't already exist. A bank doesn't play nice with users of bitcoin? Well now they're on the list. Lost business for them, more press for bitcoin "trying" to be "legitimate".
Here you go:
List of Bitcoin Hostile (and friendly) Banks
No shoes, no shirt, Bitcoin, no service.
god i hate those cunts i cant wait for this crypto shit to go mainstream they need to be truely fucked over with their cunt terms i hope all those corrupt cunts die from cancer
LOL, you said it well
god i hate those cunts i cant wait for this crypto shit to go mainstream they need to be truely fucked over with their cunt terms i hope all those corrupt cunts die from cancer
scammed by a bank, what's new? forget the banks .. thats the whole point of crypto currency
My questions now are:
- Will I ever be able to get a mortgage or bank account now with HSBC (or Halifax)?
- Am I black listed somewhere, if so, where?
- Who is there I can complain to?
- What if Santander do the same, and I can't get a bank account, how do I pay my mortgage, get paid my salary etc?
Scary stuff how the banks are so in control of our lives and can cut us off from civilisation by closing our bank accounts.
Banks make so much money on mortgages, and they have the house as security. I wouldnt worry about that.
Bank of America threatened to permanently exclude me from their service because I refused to cooperate with them on something. Later I had to move $100k through them and they were all like "yes sir! How can we profit help!"
They will be back as soon as they smell money.
They will be back as soon as they smell money.
They think you a terrorist I guess. I feel bad for you. These banks walk around like they are God when its really OUR money!!
in EUROPE, we have the same problem ... bank account can be closed without explaination (because of a SEPA wire on a BTC identified intermediary).
for me, the only method to avoid completly this is to buy with ... paypal on exchange that it support that.
alternative way is bitboat (post service banking from private seller).
but, you can use localbitcoin and wire system (to a private seller).
or others exchange with thrid party (okcoin, etcs ...).
the bank never seen the direct exchange ... fee hell, well ... it's the game, now.
for me, the only method to avoid completly this is to buy with ... paypal on exchange that it support that.
alternative way is bitboat (post service banking from private seller).
but, you can use localbitcoin and wire system (to a private seller).
or others exchange with thrid party (okcoin, etcs ...).
the bank never seen the direct exchange ... fee hell, well ... it's the game, now.
My questions now are:
- Will I ever be able to get a mortgage or bank account now with HSBC (or Halifax)?
- Am I black listed somewhere, if so, where?
- Who is there I can complain to?
- What if Santander do the same, and I can't get a bank account, how do I pay my mortgage, get paid my salary etc?
Scary stuff how the banks are so in control of our lives and can cut us off from civilisation by closing our bank accounts.
- Will I ever be able to get a mortgage or bank account now with HSBC (or Halifax)?
- Am I black listed somewhere, if so, where?
- Who is there I can complain to?
- What if Santander do the same, and I can't get a bank account, how do I pay my mortgage, get paid my salary etc?
Scary stuff how the banks are so in control of our lives and can cut us off from civilisation by closing our bank accounts.
You should probably ask your bank or get some proper advice from someone. As a first step I'd make an appointment to see the managers of your bank and ask them what the hell is going on. I think it's bullshit they can just close your account like this but I guess it's probably in the small print somewhere that they can do this at any time so you might be screwed. Best bet is to contact your bank and try calmly get some answers from the manager.
Already tried all this with Halifax a year ago.
It's like hitting your head on a brick wall. They WILL NOT tell you why it's closed. They just refer you to their T&Cs and say they're within their rights.
Are they locking your fund with them or just closing the account after giving all your dues ?
Quote
Scary stuff how the banks are so in control of our lives and can cut us off from civilisation by closing our bank accounts.
This has been a problem with banks since forever really. You buy into their system, they own you and the use of your money.
This leads me to think a bank blacklist would be an interesting and useful idea, if it doesn't already exist. A bank doesn't play nice with users of bitcoin? Well now they're on the list. Lost business for them, more press for bitcoin "trying" to be "legitimate".
Do you mind telling us what order of magnitude the afore mentioned transactions were ?
Looks like they are shutting down your account due to the BTC-related transactions. Did you manage to talk them? At least from the first bank to confirm that it was due to that problem.
it will not help anything im already use it but it doesnt work anymore Jump to: