I think they would have no hesitation to bring the hammer down.
Hammertime.
Topic: Using a separate bank account for Bitcoin income - page 3. (Read 4879 times)
Uk banks have their watchful eyes glancing over accounts, Barclays have raised eyebrows with a few of my friends accounts, has required them having to chat with bank managers to explain they were only selling 'vouchers'
I think they would have no hesitation to bring the hammer down.
Hammertime.
I think they would have no hesitation to bring the hammer down.
Hammertime.
Yes, this makes sense to me also.
Has anyone made a spreadsheet on US banks and bitcoin?
Has anyone made a spreadsheet on US banks and bitcoin?
As always, redundancy is very important. More so If there's a 3rd party (bank, payment processor) involved.
I've been seeing so many stories of people who had their bank accounts frozen or shut down because a bank wasn't prepared to take the risk regarding AML
If this happened to be your main account where you receive money, this could be a big problem. Therefor, wouldn't it be a smart idea to advice people to create a separate bank-account to receive money made through Bitcoin-channels? Either receive the transfers from your exchange account or BitPay account. In that case only you Bitcoin-income will be affected and the rest of your business can still operate.
If this happened to be your main account where you receive money, this could be a big problem. Therefor, wouldn't it be a smart idea to advice people to create a separate bank-account to receive money made through Bitcoin-channels? Either receive the transfers from your exchange account or BitPay account. In that case only you Bitcoin-income will be affected and the rest of your business can still operate.
Jump to: