Which Bank Does CoinBase Use ? | Bitcointalksearch.org

BitcoinXio

sr. member

Activity: 285

Merit: 250

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

legendary

Activity: 966

Merit: 1000

Quote from: ashour on April 13, 2015, 09:31:42 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

sr. member

Activity: 490

Merit: 250

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

newbie

Activity: 2

Merit: 0

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

hero member

Activity: 1022

Merit: 500

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

newbie

Activity: 4

Merit: 0

Quote from: newIndia on May 12, 2014, 04:25:58 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

newbie

Activity: 1

Merit: 0

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

newIndia

legendary

Activity: 2226

Merit: 1052

Quote from: EuSouBitcoin on May 08, 2014, 10:22:03 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

newbie

Activity: 46

Merit: 0

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

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Quote from: snarlpill on May 08, 2014, 10:26:54 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

hero member

Activity: 490

Merit: 500

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

sr. member

Activity: 490

Merit: 251

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

hero member

Activity: 1022

Merit: 500

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

Sindelar1938

hero member

Activity: 490

Merit: 500

Seem to recall reading long ago that its first trust bank

beatljuice

full member

Activity: 196

Merit: 100

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

hero member

Activity: 910

Merit: 530

$5 24k Gold FREE 4 sign-up! Mene.com/invite/h5ZRRP

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?

Topic: Which Bank Does CoinBase Use ? (Read 2343 times)