Some questions about SEPA(bitstamp) | Bitcointalksearch.org

mateo

member

Activity: 87

Merit: 10

Quote from: painlord2k on March 02, 2014, 01:47:44 PM

If you need to cash in Italy, the bank will/could require you to cash in smaller instances (like 1000 € / day).
It is not against the law (for now) to cash or have large quantities of cash, but it is against the law to have any transaction of 1.000 € or more without using a traceable method (check, CC/DC, SEPA, etc.).
The law contemplate fines and jail time (in the worst case scenarios).
Obviously, people keep this law and the politicians in contempt.

Does Bitcoin count as a traceable method?

Cristall111

newbie

Activity: 41

Merit: 0

Dear sirs
I have a question about the European banks.
I heard that European banks are reluctant to work with the exchange and can block an account (or ask to close an account). Here’s the question: Who may I ask to recommend me banks that are loyal to the exchange? What would you say about Swiss banks?

painlord2k

sr. member

Activity: 453

Merit: 254

If you need to cash in Italy, the bank will/could require you to cash in smaller instances (like 1000 € / day).
It is not against the law (for now) to cash or have large quantities of cash, but it is against the law to have any transaction of 1.000 € or more without using a traceable method (check, CC/DC, SEPA, etc.).
The law contemplate fines and jail time (in the worst case scenarios).
Obviously, people keep this law and the politicians in contempt.

Cristall111

newbie

Activity: 41

Merit: 0

Thanks brothers for fast answers.

MrPiggles

sr. member

Activity: 980

Merit: 256

Decentralized Ascending Auctions on Blockchain

If you have the money on your account yes you can walk into a bank and withdraw 30k, they may ask for 24 hours warning though before they let you do it so they can make sure they have enough in stock

Cristall111

newbie

Activity: 41

Merit: 0

Quote from: MrPiggles on March 02, 2014, 10:43:13 AM

to send a bank transfer all you really need is Iban and the name, sometimes swift code. It seems to vary depending on where you send it from.

Don't understand either the second or third question sorry

Sorry bro for my English(
I mean how I can to cash big amount money? (20-30k euro). I think to cash from cards impossible because cards have limit. I lived in China. For examle in China I can come in bank to give card bank employees after they gave me money(this method I used for cash of large amounts of money). In European banks is that possible?

Parzival

newbie

Activity: 37

Merit: 0

You need a bank account in European bank account inside SEPA zone. They may demand that you make a personal visit before opening the account. Also all big transfers may go through some AML check and you have to explain them where the money is coming from.

MrPiggles

sr. member

Activity: 980

Merit: 256

Decentralized Ascending Auctions on Blockchain

to send a bank transfer all you really need is Iban and the name, sometimes swift code. It seems to vary depending on where you send it from.

Don't understand either the second or third question sorry

Cristall111

newbie

Activity: 41

Merit: 0

Hello everyone.
I have some questions about SEPA transfer
I'm from Russia

I am planning to move to Europe.
1.To get a bank transfer need the following information?
IBAN / Bank Account
Bank SWIFT / BIC:
Bank Name
Bank Address
Bank Postal Code
Bank City
Right?
2. How is cashing in the bank?(big amount >20 000 - 30 000 euro)
3. To get a bank transfer will be enough physical accounts in European banks?
Thank you for answers.
Regards

Topic: Some questions about SEPA(bitstamp) (Read 767 times)