I'm with St George, was considering doing a test transaction, but maybe not after reading this thread. Can anyone provide more information on St George's acceptance or not of BTC transactions?
Thanks,
Topic: St. George bank Australia blocked my account for buying BTC via localbitcoins (Read 3666 times)
October 13, 2013, 02:24:12 AM
September 14, 2013, 07:15:11 PM
I've never heard of St. George giving any issues with Bitcoin payments in the past, maybe it's a possible policy change recently? As far as I know, most of the other banks are a lot more welcoming to people using BTC, in particular NAB.
September 14, 2013, 11:34:12 AM
I have used NAB to buy, no problem.
The only thing I found a problem on the NAB internet banking was the reference number given by Local Bitcoins was too long for the space provided by NAB.
I suggested to the seller to take out the word Bitcoin and use BTC which would give more spaces.
By using the word "BITCOIN" anywhere on a bank transfer could possibly provoke any bank into rejecting your transfer.
The only thing I found a problem on the NAB internet banking was the reference number given by Local Bitcoins was too long for the space provided by NAB.
I suggested to the seller to take out the word Bitcoin and use BTC which would give more spaces.
By using the word "BITCOIN" anywhere on a bank transfer could possibly provoke any bank into rejecting your transfer.
September 10, 2013, 03:41:32 AM
try a nab account, I have had no trouble with btc / localbitcoins at nab. 
September 09, 2013, 02:11:02 AM
I was trying to buy BTC via localbitcoins.com from a seller, paying through online banking from my own St. George bank account to his Commonwealth bank account.
St. George blocked me from logging into my online banking. I had to call them. They reversed the transfer even though I told them on the phone that I need it go out and that it was me doing the transfer.
I can't find the thread where banks are listed that are BTC friendly / unfriendly due to the 90 second search limit error, so just to let everyone know.
My St. George account never received payments related to BTC before and it was he first time I tried to buy BTC so they probably flagged the sellers CBA account.
This sucks. Banks must really hate BTC. Hope they die soon.
St. George blocked me from logging into my online banking. I had to call them. They reversed the transfer even though I told them on the phone that I need it go out and that it was me doing the transfer.
I can't find the thread where banks are listed that are BTC friendly / unfriendly due to the 90 second search limit error, so just to let everyone know.
My St. George account never received payments related to BTC before and it was he first time I tried to buy BTC so they probably flagged the sellers CBA account.
This sucks. Banks must really hate BTC. Hope they die soon.
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