Topic: List of Bitcoin Hostile (and friendly) Banks - page 14. (Read 171467 times)

Okay added, thank you!

Here's some documentation for U.S. Bank:

Friendly? You can say it like that.

Banks are legal usurers!

In the marketplace -> services thread


Hello Board,

We are in the process of opening a Bitcoin exchange office in Montreal, Canada.

You will be able to:

1) Purchase Bitcoins for Cash at market rate plus a small % based on Volume (1% to 5%)
2) Sell Bitcoins for Cash at market rate less a small % based on Volume (1% to 5%)
3) Trade Bitcoins for Gold, Silver or Palladium
4) Deposit Bitcoins for interest
5) Hedge Bitcoin prices

Further details will be provided closer to the anticipated opening date of October 15, 2013. 

In the mean time any suggestions or services that you would like to see, please let us know.

Thank you

YUL Bitcoin

What other thread?

As we noted in another thread, we are in the process of opening a physical Bitcoin acquiring / redemption centre.  You will be able to walk in and sell your coins for cash or trade them for precious metals.  Alternatively, you can purchase or trade for Bitcoins.   We are doing this because we believe that no system that relies upon traditional banking is sustainable.  
Having started many online banking companies in the late 90's and early 00's that focused on mass payments in the online gaming field, we quickly learned that banks are not your friends when it comes to quasi-banking services.  Once you became too successful, it was game over.  At one point in 2003 we were clearing 1,000 checks daily through an HSBC branch.  After a couple of months and several bank audits, we received the dreaded "We are sorry to inform you" letter.  The same occurred at all of the major Canadian banks, credit unions and trusts. That was more than 8 years ago when banks were not as sophisticated as they are today to monitor irregular activity.
As for US banks, forget about them.  Just try receiving wire or cash deposit payments into your account from multiple sources.  We had over 5000 individuals holding deposit slips to our accounts at Chase and BofA.  Individuals would walk into a branch with a completed deposit slip and make a deposit.  Within weeks all accounts were shut down.  Especially personal accounts which receive several deposits (3 or more) from unrelated sources are flagged for audit.  The primary goal of the bank is to avoid personal accounts being operated as business accounts.

Does anyone know if SEB or Nordea do business with Bitpay? I can easily open an account in either one of these banks and would like to link my BitPay account to it.

Source link please

On a sidenote
Canadianbitcoins
Aug 6 2013   TAYPE INTERNATIONAL has been temporarily replaced with DIRECT WORLD for all Bill Payment Banks. Please do not send any payments to your TAYPE payee if you already have one setup in your online banking.Aug 6 2013
Cavirtex
Aug. 6, 2013, 3:11 p.m. - New Bill Payment Provider - Vogogo
For rapid and secure processing of your online bill payments, we have partnered with Vogogo. One of the main reasons for this is to increase the speed of processing.

You can add Popmoney to the the list they shutdown payments to LiteTree Exchange.

Verification
To get verified for bill payments
Your TAYPE INTERNATIONAL account number is: xxxxxxxxxxxx (for CIBC/BMO/RBC/HSBC/Desjardin/Credit Unions)
Your DIRECT FUND SOLUTIONS account number is: xxxxxxxxxxxx (for TD Canada Trust)
Your DIRECT WORLD (DIRECT WORLD CONVENIENCE CARD) account number is: xxxxxxxxxxxxxxx (for ScotiaBank)

May 1 2013   Direct Deposit to any Canadian Bank is now available to SELL bitcoins for VERIFIED ACCOUNTS ONLY
Some API images
http://postimg.org/image/arwnoe385/a1dee4d3/
http://postimg.org/image/fl4gnia7h/69825cb6/
http://postimg.org/image/mk716qg7l/7ccc743a/

Hope that helped the Canada data out a bit

I guess banks do accept bitcoin orders but they added a 1-3 day delay if you consider the fact that a month ago you could walk into a RBC or CIBC  ask the teller to send money to this account and have your bitcoins within 24 hours

Jun 19 2013   Clarification on Bill Payments - There is NO RATE GUARANTEE. Banks take anywhere from 1-3 business days to process bill payments, so orders may be adjusted to the current rate at the time of receipt of payment from the bank.

Yes that is the case but if you want to confirm just ask James he runs Canadianbitcoins and will reply to your posts in the Havelock thread pretty much as long as you don't raise red flags by doing 10k transactions in and out you should be ok ^_^

Old Transaction

Thank you for placing your order to BUY Bitcoins from Canadian Bitcoins.

Please note, the CENTS have been adjusted. You must deposit this exact amount
or we will not be able to identify your order!

Transaction ID: xxxxxxxxxxxxxxxxxxxx406197f4406219283
Bitcoin Deposit Address: xxxxxxxxxxxxxxxXxxxxxxxxxxxxxxxXxx
Buy Amount: $xxx.xx CAD
Buy Rate: $xx.xx CAD/BTC
Total: x.xxxx BTC

Go to any CIBC Branch with cash in hand, and tell them you would like to
deposit into the following account:

Branch: 00986
Account: 3319512
Account Holder: 8159181 CANADA INC.
Deposit Amount: $xxx.xx CAD

Once the payment is credited to our account your order will be added to the processing queue.

FAQ: When will I receive my Bitcoins?
If its during core business hours (Mon-Fri, 10-4 EST), you should expect your coins by the end of the day. If it is outside those hours, you should expect your coins by the end of the next full business day. Yes, you might get them a lot sooner, but please don't call us in a panic if 'last time it only took 1 hour, and now its been 3 hours!'. Please wait until the end of the next business day before contacting us for 'missing bitcoins'

Thank you for choosing Canadian Bitcoins!
http://www.canadianbitcoins.com

Then after you went to the bank and executed your order you got this

Thank you for using Canadian Bitcoins to buy your Bitcoins!

Transaction ID: xxxxxxxxxxxxxxxxxxxx406197f4406219283
Bitcoin Amount: x.xxxxxxxx
CAD Amount: $xxx.xx
Rate: $xx.xx CAD/BTC
Bitcoin Wallet Address: xxxxxxxxxxxxxxxXxxxxxxxxxxxxxxxXxx

Your Bitcoins have been sent to the wallet address above
which may take up to an hour to appear in your wallet. Please
ensure your client is up-to-date with the latest blocks in
order to see the incoming transaction.

You can verify the bitcoins have been sent by checking the
following block chain link:

http://blockchain.info/address/xxxxxxxxxxxxxxxXxxxxxxxxxxxxxxxXxx

Below is a copy of your complete transaction log for your reference
2013-06-10 xx:xx:xx    created    Transaction Created
2013-06-10 xx:xx:xx    completed    Transaction Completed


Thanks again, for choosing Canadian Bitcoins!
http://www.canadianbitcoins.com

Simply put more of a PITA now

Okay I think I've added everything that has been contributed so far. If I've missed something, or anything else needs to be removed because it is incorrect, please let me know.

Thanks again for all the contributions!

Fair enough for the record James at Canadianbitcoins had cash deposit with CIBC BMO Royal Bank and TD Dominion at one Time but each one closed their accounts pertaining to KYC/AML procedures. However they all allow for online banking to be connected to them with verification.

Anti money laundering and Know Your Client are the issues.

Pretty much the only ones I'm not sure of the Status is National Bank and Credit Unions such as Servus Credit Union / or provincial banks like ATB  Financial (Alberta Treasury Banks), based on your confirmation data from Scotiabank (Bank of Nova Scotia) guess they are all non-friendly.

https://www.canadianbitcoins.com/messages.php

Jun 21 2013   Cash deposit at BMO and CIBC are disabled until further notice. Please get verified and use Bill Payment

Feb 21 2013   Effective Feb 22 at 5PM, we will no longer be accepting TD Cash at Branch Deposits, or TD Payee payments to BUY or SELL Bitcoins.

Feb 21 2013   Effective Feb 22 at 5PM, we will no longer be accepting TD Cash at Branch Deposits, or TD Payee payments to BUY Bitcoins. We will continue allowing TD Payee payments to SELL Bitcoins until 5PM Tuesday Feb 26th, at which time no TD Bank payments will be available.

PS: Here is an additional link for the Royal Bank of Canada
http://www.calgaryherald.com/technology/Calgary+bitcoin+exchange+fighting+bank+backlash+Canada/8306709/story.html

Okay, Added.


Also added Bank of the West to the bad banks list per https://bitcointalksearch.org/topic/bank-of-the-west-is-shutting-down-our-account-for-accepting-bitcoins-259152




Ive removed TD bank as there wasn't much confirmation on that one.

For the record TD Bank Canada and TD bank USA are the same company just a different division that TD created when they entered into the US market during the recession and bought out some banks as part of their expansion plans.

http://en.wikipedia.org/wiki/Toronto-Dominion_Bank
You might want to label it TD Bank N.A
TD Bank, N.A. — merged entity of Commerce Bank or Commerce Bancorp, TD Banknorth and TD Bank USA on June 1, 2008
http://en.wikipedia.org/wiki/TD_Bank,_N.A.

Going back through old post weird it does not work as a wiki link but it is in the search and works if clicked on
http://en.wikipedia.org/wiki/Special:Search/TD_Bank,_N.A

IAFCU is Based in the USA
New Brunswick, NJ

USbank and Wellsfargo need to be added to unfriendly banks

Added to dwolla section:

While I appreciate that I am cited as a source, I think that TD US should be put in an "unconfirmed" section or something along those lines. For one, my friends use TD. I do not, and thus don't know the full extent of their friendliness. They haven't had any issues, but I don't think that this qualifies as "Bitcoin friendly". Maybe someone could contact a representative and confirm that they are either supportive or at the very least neutral? If TD Canada is hostile then I doubt that they are truly friendly. There probably just isn't an official company stance either way.

I myself use Citizens Bank. I have done a few wires and even some debit charges (through Skrill) and initially I had some issues. I buy bitcoins pretty much every day, and only about every 3 out of 4 transfers would make it through without being rejected. This was very frustrating, so I called customer support each and every time it got rejected. The very first call had the representative saying that Citizen's "does not associate with these kinds of businesses" although I don't know whether they were referring to Skrill or any of the exchanges. The next two calls went the same way, although Citizens did not prevent me from using my bank account on any of the sites. Finally, on the fourth time it got rejected I got pissed, as the time before I had specifically requested that any bitcoin related money transfer go through. After arguing with the rep, I finally requested to talk to the fraud department directly. They were much more reasonable and explained that the customer service rep probably didn't know what she was talking about (lol) and that the reason that most of the transfers were rejected was because the recipient banks were foreign, and the constant purchases every day looked suspicious. They explained that Citizen's does not "associate" (not sure what exactly they mean by this) with these kinds of businesses but that they would not reject any more transfers or flag them as suspicious.

From this, it would appear that Citizen's is "friendly", but it seems more likely that they just don't care either way.

Added more info on paypal to OP