Author

Topic: Ulster Bank ROI just closed my account (Read 1613 times)

full member
Activity: 140
Merit: 100
February 13, 2014, 06:58:15 PM
#17
I would take that as a huge compliment. Rather akin to Jamie Dimon's "bitcoin is a terrible store of value" comment. Congratulations for having pissed off bankers so much that they want nothing more to do with you.
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
February 11, 2014, 11:15:18 AM
#16
Bank are lame... but we need them Sad

This is the whole point of crypto. We don't need them.
legendary
Activity: 3752
Merit: 1217
February 11, 2014, 11:07:58 AM
#15
Bank are lame... but we need them Sad

No. We don't need them. There will be no need for 3rd party people if Bitcoin goes mainstream.
sr. member
Activity: 420
Merit: 250
February 11, 2014, 10:49:24 AM
#14
Bank are lame... but we need them Sad
legendary
Activity: 3752
Merit: 1217
February 11, 2014, 01:01:17 AM
#13
This is happening everywhere. Bank accounts linked with Bitcoin transactions are frequently being closed, and in some cases frozen.
hero member
Activity: 798
Merit: 1000
www.DonateMedia.org
February 11, 2014, 12:19:39 AM
#12
An odd age we live in when a bank doesnt want your money
hero member
Activity: 658
Merit: 500
Small Red and Bad
February 09, 2014, 07:56:36 PM
#11
It is important to setup a network of cash exchanges and improve liquidity locally. I am already talking to other exchangers locally to get that done. They will not be able to stop us bitcoiners.
This would be great but local exchanges still need banks, also it's hard to gain trust on the market. Bitcoin attracts scammers.
hero member
Activity: 490
Merit: 500
February 09, 2014, 12:26:04 PM
#10
Good luck setting up the local cash exchanges
hero member
Activity: 574
Merit: 500
freedomainradio.com
February 09, 2014, 12:06:01 PM
#9
Banks are useless. I don't get how a closed bank account is a problem in any way.
legendary
Activity: 1834
Merit: 1009
February 09, 2014, 12:02:52 PM
#8
Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.

Well at least they give u 60 days and not just freeze your bank with all the money in it..
sr. member
Activity: 313
Merit: 250
February 09, 2014, 08:04:48 AM
#7
That's horrible. I can't help to wonder about how many Bitcoins you have and your history With the coin. I can't believe the Bitcoin opportunity slip away. Life could have been so different
jr. member
Activity: 38
Merit: 1
February 09, 2014, 05:28:52 AM
#6
It is important to setup a network of cash exchanges and improve liquidity locally. I am already talking to other exchangers locally to get that done. They will not be able to stop us bitcoiners.
hero member
Activity: 560
Merit: 504
I know the voices in my head aren't real.
February 08, 2014, 11:15:25 PM
#5
my bank complained about coinbase transactions and locked my account 2x. they also said that I should find another bank to do business with. oh well.....
legendary
Activity: 2912
Merit: 1386
February 08, 2014, 06:05:57 PM
#4
Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.

HSBC.  Maybe.
jr. member
Activity: 38
Merit: 1
February 08, 2014, 11:19:52 AM
#3
The TOS states that they can do that with sixty days notice, and that’s what they did.
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
February 08, 2014, 08:53:54 AM
#2
They can just close your account like that without any explanation?
jr. member
Activity: 38
Merit: 1
February 08, 2014, 07:51:58 AM
#1
Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.
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