Topic: Looks like my Huntington branch bank closed all my accounts possibly due to BTC (Read 3368 times)

So you just have one separate bank account that you don't care about losing that interfaces w/ Coinbase?

I just withdrew everything from my account associated with them :/

I should ask if you hit any of the red flags for wire transferring
Large volume transactions back and forth in the account etc.

See my sig.

If you have a large amount of Deposits and Withdrawals (including ACH credits/debits) when compared to the average account balance then your account may be closed.

The above is a red flag of money laundering and check kiting (http://en.wikipedia.org/wiki/Check_kiting)

If you were conducting a lot of BTC buy/sells (with coinbase and/or with arbitrage across exchanges and/or buying BTC low locally and selling high locally) then this could trigger these red flags and your account could be deemed too risky.

...and taxpayers around the world saved this scum...not next time, hopefuly 

They can, he agreed.

That sucks. I use Fidelity for banking. As a brokerage they are a bit more liberal by nature with this kind of stuff.

yep.

In europe, too ... bankster powaaa (they will loose hard and die high !)

I took it else where and they were happy to take my SSN and tax ID # without questions. All in all just a bummer though I really loved there online banking features.

If more of us voted with our dollars instead of just putting up with it things might actually start to change. Unfortunately people have grown accustomed to this kind of stuff and to actually do it requires a little effort. 

you questioning it like its not right....

so you are saying if your debit card was stolen you dont want them to prevent further transaction

so you are saying if a wire transer was spotted going to a bank account that was suspicious you wouldn't want them to stop it.

instead you would want them to type up a letter explaining that funds are moving out of your account, post it to you and wait 14 days for a response.... oh wait hackers and pickpockets have now raided you dry... and its gone

banks privilege is to halt any transaction they feel is 'iffy'. sometimes for our benefit, sometimes to cause us hassle. all in all when most of us are earning a wage in bitcoins and buying groceries and paying rent, all these little issues wont be a problem to us as we wont be using bank accounts at all.

but the point is, if you want someone else to look after your dollars.. expect them to do things without your permission or warning, afterall thats the service the banks give, love or hate it.

this is why western union, paypal gets business. for those who hate bank wire transfer rules, its also why bitcoin is getting popular. so either learn the banks FIAT rules and follow them to the letter. or take your money elsewhere if you cant follow their rules.

its your money, but its their service.

If they don't want your business take it somewhere else. How you move your money really isn't something they have a right to control. 

How could they close your account without any notice ?

May be you can find lawyer to do something about this ...

I actually just moved to a local credit union bank however after this scare i'll be sure I keep X dollars in bank accounts I never thought they would have closed me after this long its been an account I've had for 4 years now.

It's been a while since the hostile and friendly bank thread got an update think this is worth noting
Thanks for sharing

Edit In: You already did so good job ^^

I agree on the reason most certainly which I believe is bull. However all of these huntington accounts only dealt in bitcoin related transactions with coinbase, mtgox(over 2 years ago) and bitstamp. My personal accounts were used to hold net profits and pay for personal expenses. I really do not see any other reason why and until it is given i'm going to stand by the fact it is bitcoin related on why they closed them.

That's a good point. Did they mention bitcoin? In any case you definitely deserve a reason. 

is huntington branch bank a big one? seems like credit unions are less likely to shut you down.. maybe because they aren't not part of the oligopoly that big banks are... so they don't see it as much of a threat.

So, you really have no idea why they closed your accounts.

Maybe you should fix the subject line.