Which Bank Does CoinBase Use ? | Bitcointalksearch.org

BitcoinXio

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Coinbase uses Silicon Valley Bank, which has a lot of relationships with VC firms, such as FundersClub who was in on the first round of Coinbase investors. I found this reference: http://www.coindesk.com/the-banking-industry-varied-views-bitcoin/

Quote

The Silicon Valley Bank (SVB), based in Santa Clara, California, is an early synergist within bitcoin and banking. The company’s relationship with Coinbase allows US bank holders to easily acquire bitcoin. Verify a bank account with Coinbase, and it’s simple to move your USD into bitcoin and vice versa.

SirChiko

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Quote from: ashour on April 13, 2015, 10:31:42 AM

I can't really tell you if 100% accuracy but I think it's either wells fargo or bank of america, have you tried to ask their support team ? They could answer you the question.

You suggestion has already been done and it's been told that they can't disclose it.
They told the user that tried it to ask their bank...and they also weren't permitted to do so.

ashour

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I can't really tell you if 100% accuracy but I think it's either wells fargo or bank of america, have you tried to ask their support team ? They could answer you the question.

rxrob

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I know BBVA and Citi banks have controlling interest in Coinbase. The ex-ceo of citigroup (Vikram pandit) is a key player in coinbase.

picolo

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Quote from: maurya78 on May 09, 2014, 10:43:48 PM

They won't tell you for good reason
Banks like business but don't necessarily want it known that they are bankers to btc businesses

That is what I was thinking

The bank won't want the information to be public

knbitcoin

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Quote from: newIndia on May 12, 2014, 05:25:58 PM

When u deposit FIAT to coinbase, where do u transfer ? Dont they provide any account details for the transfer ?

They pull from your account via ACH as far as I know

mrwilli

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This is good info to know, but at the same time you have to be careful what bank is being used.

newIndia

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Quote from: EuSouBitcoin on May 08, 2014, 11:22:03 AM

Which bank does CoinBase use to do ACH transfers with clients? As the US banks have a history of shutting down bank accounts of Bitcoin related businesses, I wonder how CoinBase has been able to avoid the same fate. Any ideas?

When u deposit FIAT to coinbase, where do u transfer ? Dont they provide any account details for the transfer ?

titan86

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Google have no answer for this question. I'm too

theskillzdatklls

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Quote from: snarlpill on May 08, 2014, 11:26:54 AM

I have no idea but if I had to guess a bank it would be Bank of America. B of A seems willing to move large amounts of money to and from BTC no problem. This is just based off of what I have seen, I'm sure Somebody will pop in with a B of A horror story...

Negative. Boa shut down my 11 year old account in perfect and higher tiered standing for btc transactions.

maurya78

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They won't tell you for good reason
Banks like business but don't necessarily want it known that they are bankers to btc businesses

EuSouBitcoin

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I did ask CoinBase and the rep said he was not permitted to tell me. He said to call my bank and they could tell me where the ACH transfer went. I called my bank and they said they could not tell me and to call CoinBase.

picolo

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You could ask them, I googled it but I didn't find the answer

Sindelar1938

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Seem to recall reading long ago that its first trust bank

beatljuice

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I read the name of the bank in some article a couple of months ago and it wasn't one I'd ever heard of.

snarlpill

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I have no idea but if I had to guess a bank it would be Bank of America. B of A seems willing to move large amounts of money to and from BTC no problem. This is just based off of what I have seen, I'm sure Somebody will pop in with a B of A horror story...

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

Which bank does CoinBase use to do ACH transfers with clients? As the US banks have a history of shutting down bank accounts of Bitcoin related businesses, I wonder how CoinBase has been able to avoid the same fate. Any ideas?

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