Topic: New bank account "are you going to use this for bitcoin mining?" (Read 2519 times)
I can see how it would screw with their accounting if BFL is a huge account and they have a bunch of customers taking out loans to buy mining equipment from them.
January 16, 2014, 05:47:25 PM
That sounds pretty promising.
Might mean banks are now happy for people to buy Bitcions.
Yes. They ask the question, and if you say "yes," the ceiling opens up and balloons drop down. They also put a star next to your account name in their databases to give you the best customer service.Might mean banks are now happy for people to buy Bitcions.
I lol'd to this...
While I typically think Bank of America is the worst for almost all banking services, I think they may be the easiest in regards to no hassles with bitcoin
Tell that to Roman of Bitfloor fame. They closed his account that he was using for (out-of-state) deposits with no warning.
I also have a friend that had his account closed when he tried to connect it to Coinbase. He got a check in the mail.
January 16, 2014, 04:01:51 PM
Local banks are the way to go. If I'm going to earn 0% interest in my checking account, I might as well put it in a local bank. At least when they screw up, they can usually fix it right then, instead of referring it up the corporate ladder to some analyst halfway the country that makes arbitrary account decisions.
January 16, 2014, 09:28:17 AM
Wow I'm shocked they asked you this, especially as the first question. I would have been like totally shocked and wondered why they were asking me...like how would thye know? if they asked a family member who did nothing with Bitcoins I would think it was the weirdest thing, I would wager most people at banks don't even know what Bitcoins are!
It may just happen that they study the local bitcoin community around them, i.e. how many people know about bitcoin and whether it has or may have interest to them in the future to get the advantage of being the first with their service for bitcoiners in the area...
January 16, 2014, 05:43:06 AM
My bank might say; Go enjoy digging a hole in your own backyard, son. Bitcoin is less then goat-poop; it doesn't even burn.
January 16, 2014, 04:57:55 AM
My bank opened me a separate bank account from my main account solely for bitcoins
This is awesome imo. I'm sure banks still close accounts for bitcoin related use but i heard from people months back that it was almost impossible finding a bitcoin friendly bank.
If you don't mind me asking, what bank do you use?
January 13, 2014, 02:59:51 PM
Wow I'm shocked they asked you this, especially as the first question. I would have been like totally shocked and wondered why they were asking me...like how would thye know? if they asked a family member who did nothing with Bitcoins I would think it was the weirdest thing, I would wager most people at banks don't even know what Bitcoins are!
January 12, 2014, 12:47:57 PM
That sounds pretty promising.
Might mean banks are now happy for people to buy Bitcions.
Yes. They ask the question, and if you say "yes," the ceiling opens up and balloons drop down. They also put a star next to your account name in their databases to give you the best customer service.Might mean banks are now happy for people to buy Bitcions.
I lol'd to this...
While I typically think Bank of America is the worst for almost all banking services, I think they may be the easiest in regards to no hassles with bitcoin
January 12, 2014, 11:59:00 AM
Play dumb, ask what Bitcoin is. Knowledge that you're actively trading BTC would probably get your account flagged for recurring audits by the IRS. It might also put you on a watchlist somewhere.
January 11, 2014, 03:12:56 AM
I'm in the same boat. I can't imagine that any of the staunch, crusty old bankers working in this town have any interest in BTC.
January 10, 2014, 10:46:14 PM
That's funny, I don't think I've ever heard my bank mention bitcoins, or any bank in my area. Hell, most people I know probably have no fucking clue what a bitcoin even is.
January 10, 2014, 10:41:32 PM
That sounds pretty promising.
Might mean banks are now happy for people to buy Bitcions.
Yes. They ask the question, and if you say "yes," the ceiling opens up and balloons drop down. They also put a star next to your account name in their databases to give you the best customer service.Might mean banks are now happy for people to buy Bitcions.
Where do I sign?
January 10, 2014, 09:50:15 PM
I would answer "No".
Don't want to make it easier for big brother to crack down on me.
Don't want to make it easier for big brother to crack down on me.
January 10, 2014, 09:42:37 PM
They specifically said mining. My family member was flabbergasted, to even hear about bitcoin mining in public, (outside the confines of the rants I subject my family to).
They said no, and got the account. They found it interesting that it was the very first question.
After digging around online, I may have found a connection? Butterfly Labs is (was?) in Kansas City, Missouri USA. If you dig around, you can find that BFL was using Commerce Bank.
They have had many well-publicized troubles, perhaps Commerce Bank was trying to distance themselves from "those crypto weirdos". Or, perhaps BFL was a very profitable account for them?
They said no, and got the account. They found it interesting that it was the very first question.
After digging around online, I may have found a connection? Butterfly Labs is (was?) in Kansas City, Missouri USA. If you dig around, you can find that BFL was using Commerce Bank.
They have had many well-publicized troubles, perhaps Commerce Bank was trying to distance themselves from "those crypto weirdos". Or, perhaps BFL was a very profitable account for them?
Ya...possibly one of those local practice things...nothing to do with money laundering.
January 10, 2014, 09:24:17 PM
I don't even understand how a bank account can be used for bitcoin mining. Did they mean bitcoin trading?
This is what I assume they mean...using the account for possible money laundering.
January 10, 2014, 09:23:14 PM
I don't even understand how a bank account can be used for bitcoin mining. Did they mean bitcoin trading?
January 10, 2014, 09:22:36 PM
That sounds pretty promising.
Might mean banks are now happy for people to buy Bitcions.
Yes. They ask the question, and if you say "yes," the ceiling opens up and balloons drop down. They also put a star next to your account name in their databases to give you the best customer service. Might mean banks are now happy for people to buy Bitcions.
January 10, 2014, 09:21:22 PM
Interesting. Did your family member say they were a bitcoin miner or did they say no?
If they said yes, did they still open the account?
If they said yes, did they still open the account?
January 10, 2014, 09:18:52 PM
That sounds pretty promising.
Might mean banks are now happy for people to buy Bitcions.
Might mean banks are now happy for people to buy Bitcions.
January 10, 2014, 09:14:24 PM
Every single satoshi I get from mining has never been to a bank....they can keep their fiat for all I care
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