Bitcoin Forum

Hi all. So I'm in Canada, and my bank (ING Direct) apparently stopped doing any wire transfers (inbound or outbound) a while back, so my options to send money to Mt Gox, BitStamp, etc, are somewhat limited. In addition, ING's conversion rate to/from CAD and USD isn't that great. So I signed up for accounts with XE.com (about whom I've heard nothing but good things), CanadianForex.ca when that didn't pan out (for reasons detailed below), and am now contemplating TransferMate.

Now for reasons I assume to be related to anti-laundering legislation, every one of the above sites requires me to detail my reasons for converting and sending money. I, of course, told the truth, and explicitly stated to every site that I intend to convert and wire CADs and USDs, for the purpose of further conversion to/from BitCoin and/or similar, but haven't yet told Transfermate my purpose because I imagine they'll tell me what the other two told me: that "transfers related to digital currencies such as BitCoin are prohibited by our service, therefore would not be possible" (in the XE.com rep's words).

In my search across the internet I've found nothing detailing this event occurring with any other person, and have asked the xe.com rep to clarify and/or explain the policy. As I stated previously, it seems that many people have used xe.com to send money to mt gox, etc. As CanadianForex appears to have a similar policy, I ask: What, if anything, did I do wrong? Am I honestly supposed to lie about my reasons (I'd rather not!)?

Thanks in advance for your advice.

As an update, XE.com got back to me and said that "we are a bank account to bank account international transactions provider. Please note that as we do not provide our services for digital currency purchases, unfortunately, your application with us has been cancelled."

Thoughts and advice appreciated.

Bumping. Does no one have any idea why I've had such miserable luck?

Mu, where do you live?

Alberta, Canada

I hear ya I wanna buy more bitcoin but don't wanna get verified.. lucky i know a guy around town that has a bunch to sell.. but still he is gonna run out or not wanna sell to me soon enough :(

BC here

Vancouver, BC. I can sell too :)

https://localbitcoins.com/
Although I understand that issue I was using canadianbitcoins and cibc cash deposits for a long time but now verification is required
Try the cavirtex cash option

you need to be verified now unless you do a wire transfer .. at 35 dollars a pop (estimate)

Was referring to the
Cash Bill Payment
In person at the bank
No Fee

Processing Time: 2-5 business days
Daily Limit: $50,000
Minimum: $20
Monthly Limit: $3,000
Verification: Cash

He-he I should go report that

i guess.. still need to do a cash verify and submit your photo id and a bill :(

Yah &_& unless you try localbitcoins pretty much the status right now
I guess you can send cash to canadianbitcoins in the mail Cash via XpressPost/Courier but never tried that method if you want to be a bit more anon
Banks are worried about bitcoin can you blame them with a true competitor to Visa I wish the credit unions started using bitcoin though :)

I cant wait till the localbitcoin thing to take off once more people get miners :)

True enough probably won't take off for a while yet small retailers are first since they don't want to pay visa premium fees to maximize profits then we get higher adoption gradually :)