Topic: List of Bitcoin Hostile (and friendly) Banks - page 3. (Read 171467 times)

There is nothing that a bank can legally do to stop your use of Bitcoins and if they temporarily slow you down, then a law suit will fully reign in your favor.  That means that opposition is a good thing. 

Does anyone know the status of BBVA Compass in the U.S.? It's a good bank in all other regards, so I'm hoping it's also BC friendly. It sure would make my life easy if it were.

Something is wrong in SLOVAKIA !

Seems Banks are being told to block anything to do with Bitcoin and Digital currencies.

My gf's bank Tatra Bank (one, if not the biggest in Slovakia) straight up REJECTS anything from anywhere to do with BTC/Digital Currencies.

Now, Prima Bank, that was fine for last 12 months, today they told us, no more deposits from Bitstamp to our accounts.

Both these are big banks and REJECT BITCOIN.  I think they are planning new tax laws or something here, so for now, blocking anything. Now Bitcoin is getting more adopted and knowing what greedy robbing bastards the government is and banks, they will be planning some heavy taxes in the near future.


Traders gamble with their money and many lose, those lucky enough to make gains are most likely going to see 20%+ tax on their winnings.

Luckily i also have UK bank.  I have had no problems so far with them, so hopefully it will continue, i will say a big FU. to the banks here in the mean time, stupid, backwards, idiots......

Hi!

Can anyone shine some light on how do BTC companies outside of the US and the EU pull liquidity from US exchanges  s.a. Gemini or GDAX?
We´re in Latin America and are thinking of opening an LLC in the US to send funds from our local bank to the LLC and from there to international exchanges to get liquidity for our operation. We just don’t know if the U.S. will allow our LLC to exist (given its only objective is to receive our funds and channel them to exchanges that don't operate in our country) or if we´re going to be able to get a bank account over there. If it's not in the US, maybe there’s an EU country that is friendly to our sort of operation? I personally send money to my accounts in Germany to operate in European exchanges, but I'm an individual, and as an operation we would be needing to have a local business bank account in the country where we build the partner company.

Thanks in advance!

Do you guys have any experience with using smaller credit unions for bitcoin debits and credits?  I have a few accounts at different credit unions, but have always used major banks for purchasing bitcoin (and sometimes selling bitcoin).

I've actually probably sold more Ethereum than bitcoin, and haven't had any issues.

I almost want to test my credit union just to see if they're cool with it

Did some research and it looks like the problem is on the Bitstamp side. Actually it seems like OTP is rater Bitcoin friendly:

https://translate.google.hu/translate?hl=en&sl=hu&u=https://www.otpbank.hu/privatebanking/Hir%3Fid%3D45546&prev=search

I am residing in India, and here all the three major private banks are somewhat tolerant about Bitcoin (ICICI, HDFC and Axis). They know that we are using these bank accounts to make deposits in the local exchanges such as Zebpay, but till now I haven't heard anyone getting his account frozen by them.

I never expected such a big list of banks being good with a friendly approach to the bitcoin usage. Looking this more and more banks around the globe will start implementing the same way of making use of bitcoin into the banking system.

Seems like OTP bank (Hungary) became bitcoin hostile

Msg from Bitstamp:

I have always used Bank of America with Coinbase and never had any issues whatsoever.   I made a completely separate bank account that only had bitcoin transactions going in and out of it.   I have other accounts there with decent balances and have a long standing relationship with that crappy bank since I started there when I was a kid.

That being said, without notice, a few months ago when I was just trying to buy a couple hundred bucks of btc...Coinbase said I was using an invalid payment method when I tried to purchase.

Fortunately, I had just moved most of my banking business over to Chase and was able to use Chase to purchase BTC.   I have had purchases and sales of BTC going in and out of Chase without any issues.


It's tough to say, but I think the higher balance you maintain at the bank, the less they will hassle you over BTC debits and credits.

Like for instance if you have $500 total in your account and then you get a $10,000 BTC deposit, and then use that to buy more BTC and put your account back down below $500, I think they are far more likely to have a problem with this (don't ask me why).

But if you have $100,000+ regularly in your account and you have a few thousand going in and out in BTC, I don't think they are going to raise any issues.

Banks generally have no problems with deposits...they will usually take your money...it's sometimes getting it back that becomes the issue.

The Bank of Montreal is not longer btc friendly.

I am looking for a virtual bank account from which I can wire in and out to different trading sites like btc-e. My bank should not be able to know that my transactions are related to BTC if all I do is to switch my profit from time to time from my virtual bank account to my actual bank account?

I would be curious to know what large traders are doing, where do they send their USD to?

Also I was surprised to read Okpay wasn't btc friendly while I could load btc-e using it just yesterday?

Any only virtual bank to recommend?

Thanks

That is really helpful post to know about bitcoin friendly banks.  Wondering when this will be implemented in to my country. It is chaos though ; handling bitcoin and regulating it is not easy for developing countries as they have to solve their own mess first. 

If anyone is still updating this, I have used my Wells Fargo account(s) to purchase bitcoin routinely.  The only issue I've encountered is that, for instant/debit purchases, their automated fraud system sometimes decides it was fraudulent.  I can't figure out the pattern; half of my Coinbase instant purchases go through, and the other half don't.

Whether they represent themselves as "bitcoin-friendly" and would welcome large and/or business transactions, I can't say.

update on Nationwide (UK), which was been said earlier on this thread to be OK with Bitcoin: It's not if you're doing a SEPA withdrawal!

"We regret to inform you that your withdrawal request has been rejected.

Reason:
Nationwide bank's correspondent bank for SEPA transfers is Commerzbank - please note that Commerzbank has adopted an internal policy and no longer allows transfers related to Bitcoin."

I like to bump this thread with Unicredit banka Slovenija  , this is the bak bitstamp uses so it should be bitcoin friendly

This thread is very helpful, hope you continue to update us with more helpful tips and information such as this one. It will be helpful not only to me but to other bitcoin users who are trying or engaging on banks using bitcoins. But I do hope that someday all banks will be bitcoin friendly so that people will enjoy the benefits of having bitcoin in their life.

Is this list kept updated?

There will be more and more banks joining soon, because they realize that their system is in jeopardy if they dont add BTC into their basket.

The list is a tad outdated and most entries forget to note Friendly banks but I believe your correct some do have working relationships with services such as Gemini etc in the US.

I don't think that's strictly correct. If you check the Gemini exchange they offer to link your account to several US bank accounts.