This is not a very shocking thing i heard . This is very much expected from the banks . Not only the Iberia Bank , there are many banks throughout the world who don't want to get involved into bitcoin . If you go for some withdraw or something they won't even investigate the source of money . they would just nullify the subject after hearing the word "bitcoin" . They are obviously very narrow-minded in the case of bitcoin . Main reason is that they don't want to start initializing the exchanges of bitcoin because that can be a threat for them later on.
I can 100 % confirm the accuracy of that statement.
I tried to make a small fiat withdrawal from my verified Bitstamp account this week and it was rejected with the following message:
"Commerzbank does not process bank transfers that originate from bitcoin related businesses. This means that any transfer sent to your bank would be rejected and returned to Bitstamp."
If you haven´t heard of Commerzbank, it is basically one of the biggest banks in Germany. Interestingly, they had to be bailed out by the state during the financial
crisis. I really think that there can hardly be a better reason to get your hands on some Bitcoin than your local bank being so scared of its disruptive
nature.