USAA is not a problem.
They have a very sizeable investment in coinbase and have no issue with miners.
Topic: Mining Business Bank Account? (Read 892 times)
As I said in my earlier reply. Metropolitan Commercial Bank
https://www.mobilepaymentstoday.com/news/cashaa-metropolitan-commercial-bank-partner-on-us-dollar-accounts-for-crytpo-related-business/
They do support and understand crypto.
A business you can't open an account online , I don't know many banks that will let you open a business account online, you have to talk to them to open the account . But, once you do open it you can do everything online.
-Dave
https://www.mobilepaymentstoday.com/news/cashaa-metropolitan-commercial-bank-partner-on-us-dollar-accounts-for-crytpo-related-business/
They do support and understand crypto.
A business you can't open an account online , I don't know many banks that will let you open a business account online, you have to talk to them to open the account . But, once you do open it you can do everything online.
-Dave
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What seems to be the problem here? I don't see any direct relation on a mining business having problems having their own bank accounts? If you open up a normal account for your business and your transactions are only from liquidating your crypto to fiat then I don't think they will flag this for any kind of restriction especially if it's just an inflow of USD. Or if you just want to have a peace of mind I think what the previous members have suggested are good banks as well, at least you have that option.
This is a problem specifically with business accounts, which I have found out. I have for many years deposited and bought thru a major bank (one of Chase, Citi, BoA, etc) on a personal account, no questions asked, no problem, but when trying to open a business account, almost every major bank has a specific restriction saying "no business accounts related to crypto". Yes it is that broad, go ahead and try it and see.
I am hoping there is some smaller or just online/remote bank that will allow a crypto-related business account, just wondering if anyone knows.
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What seems to be the problem here? I don't see any direct relation on a mining business having problems having their own bank accounts? If you open up a normal account for your business and your transactions are only from liquidating your crypto to fiat then I don't think they will flag this for any kind of restriction especially if it's just an inflow of USD. Or if you just want to have a peace of mind I think what the previous members have suggested are good banks as well, at least you have that option.
wells fargo questioned me about depositing money from coinbase.
but that was years ago.
@Harlot, the problem is that several major banks in the US such as Citbank, Wells-Fargo, etc. will not work with a business that is involved in any way with crypto. Private accounts they don't seem to care about.
I'm not living in the US but I would like to share what I found when I search on Google and I found a list of banks(bitcoin-friendly banks).
Take a look at this https://www.valuewalk.com/2019/03/most-bitcoin-friendly-banks-us/
You might find a bank from the above list that supports mining if you generally mining Bitcoin then the list above is what you are looking for.
Take a look at this https://www.valuewalk.com/2019/03/most-bitcoin-friendly-banks-us/
You might find a bank from the above list that supports mining if you generally mining Bitcoin then the list above is what you are looking for.
Metropolitan Commercial Bank
https://www.coindesk.com/metropolitan-bank-crypto-bitcoin-clients-millions
NY based, so they are very strict about certain things but they do like crypto a lot.
They are actually the ones issuing the BitPay Visa.
-Dave
https://www.coindesk.com/metropolitan-bank-crypto-bitcoin-clients-millions
NY based, so they are very strict about certain things but they do like crypto a lot.
They are actually the ones issuing the BitPay Visa.
-Dave
What USA banks allow bitcoin mining business accounts? Most major banks have specific provisions "no virtual currency business accounts"? I'd like to have a reliable bank account and having trouble finding a bank.
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