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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32450. (Read 26608330 times)

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2 banks just isn't coincidence anymore.
legendary
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Trusted Bitcoiner
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Circle gets the Square
legendary
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OK, that is starting to make my spidey senses tingle. Something is afoot.

FOX Business ‏@FoxBusiness 3m #JPMorgan denies new capital controls on accounts. From Emac's Bottom Line: http://fxn.ws/H0jmQl  $JPM

They deny it but also confirm the story. Some types of bank accounts will be limited.

HSBC too, I wonder who's next ?

JPMorgan gave the same reason as HSBC, to minimise risk.

Lets see if HSBC, one of the largest banks in the world also introduce the same change on their customers accounts outside the US.

After all the recent news about the NSA overreach I wouldn't be surprised if it's some kind of secret American court order behind this.
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
OK, that is starting to make my spidey senses tingle. Something is afoot.
legendary
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holy fuck BUY!!!!!!!!!

Quote
Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.

If you need to send funds to a recipient in a foreign country, you can go to www.westernunion.com to send a transfer using your Debit MasterCard® or visit your local banking center to send a Western Union in person.

puahaha whaaaaaat? They're sending them to western union? Really?

That's ridiculous!
Anyone want to start calling random banks and asking them about their international wire policies to see if this is a trend or not?
legendary
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Trusted Bitcoiner
holy fuck BUY!!!!!!!!!

Quote
Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.

If you need to send funds to a recipient in a foreign country, you can go to www.westernunion.com to send a transfer using your Debit MasterCard® or visit your local banking center to send a Western Union in person.

puahaha whaaaaaat? They're sending them to western union? Really?

That's ridiculous!

WOW! Unbelievable... and also very good news for the bitcoin-based remittance startups

thats not all!


I have a friend that works at the US/CAD boarder

he got a memo about bitcoin

it said

"let the bitcoiners cross with wtv amount of bitcoin they like, their is no need to declare bitcoin holdings" ( or somthing to that effect )

thats right bitches, bitcoiners are getting special treatment  Cool

normally you can't move ANYTHING of value across the board with declaring it.

why is bitcoin special? because they realize they would not be able to enforce it if they tried? idk, all i know is Bitcoin is special!!!

 Cheesy

would be nice to get a real source for this info... not that its the most exciting news, but still would be nice to know i'm not giving out false infos
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Circle gets the Square
holy fuck BUY!!!!!!!!!

Quote
Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.

If you need to send funds to a recipient in a foreign country, you can go to www.westernunion.com to send a transfer using your Debit MasterCard® or visit your local banking center to send a Western Union in person.

puahaha whaaaaaat? They're sending them to western union? Really?

That's ridiculous!

WOW! Unbelievable... and also very good news for the bitcoin-based remittance startups
donator
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holy fuck BUY!!!!!!!!!

Quote
Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.

If you need to send funds to a recipient in a foreign country, you can go to www.westernunion.com to send a transfer using your Debit MasterCard® or visit your local banking center to send a Western Union in person.

puahaha whaaaaaat? They're sending them to western union? Really?

That's ridiculous!
legendary
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Even a year ago it was difficult to receive international wires b/c there is a different USA-only wire system.  Credit unions and regional banks do not get a SWIFT number...  I had to actually GO to a physical room inconveniently located an entire 5 minute drive from my house, fill out forms ON PAPER, and actually TALK DIRECTLY to another living breathing smiling human being to open an account that would accept international wires. :-)  But seriously -- the real issue is that it had to be with one of the big names whose business model is to basically drain your funds with fees, etc.  For example, if I don't do at least 1 txn a month in the account there is a fee.

Joking aside, bitcoin is awesome at medium international xfer. Small can be done with paypal, large with a wire.  The sweet spot IMO is 500-5000 USD.


I never had much trouble receiving with my bank. Though the fees were a PITA, they charged at the US end even if I'd elected to have all fees paid at the originating end, the exchange rate was worse than the "official" rate and you couldn't wait for a good rate, you got whatever was available at the time (and I have my suspicions the banks played things so they profited off of that too). The last few times I've used Currency Fair and it's a *much* better experience all around. Can't believe the lobbyists haven't got them closed down yet.

OK YMMV...I didn't make a study out of it.  But I gather all banks have an ABA number (domestic) but that is not a SWIFT (international) number.  I did get turned away from a couple of smaller CUs and banks so finally I sucked it up and went with BAC.  I was getting paid by a major European luxury automobile company for work on their prototype cars so it was not an issue of ignorance on their end.  In fact, about 6 months later they opened a US bank account and notified me that wires could now be domestic (and I'm 100% positive they did not do that just for my business!!! :-).
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for people behind the firewall could not access that tweet - http://finance.sina.com.cn/money/lczx/20131017/071917018288.shtml
My problem is that I can't read it, and the google translate version of the page is simply atrocious. But is it confirmed -- "China Banking Regulatory Commission: "no plans to introduce regulatory policies for #bitcoin."
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Ching-Chang;Ding-Dong
Most credit unions will have a routing number where you can receive wires, they just can't send them since they aren't technically banks. Most regional banks would not have this problem as they are banks. The difference is in Credit Unions and Banks. Credit Union's also cannot send ACH transfers, it is usually done by a 3rd party 'bill payment' solution, which are usually a PITA.

This is why I can't stand using credit unions, because they just don't have any of the tools necessary for business transactions.

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