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Title: Which Bank Does CoinBase Use ? Post by: EuSouBitcoin on May 08, 2014, 03:22:03 PM 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?
Title: Re: Which Bank Does CoinBase Use ? Post by: snarlpill on May 08, 2014, 03:26:54 PM 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...
Title: Re: Which Bank Does CoinBase Use ? Post by: beatljuice on May 08, 2014, 04:00:29 PM 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.
Title: Re: Which Bank Does CoinBase Use ? Post by: Sindelar1938 on May 09, 2014, 03:16:17 PM Seem to recall reading long ago that its first trust bank
Title: Re: Which Bank Does CoinBase Use ? Post by: picolo on May 09, 2014, 05:25:56 PM You could ask them, I googled it but I didn't find the answer
Title: Re: Which Bank Does CoinBase Use ? Post by: EuSouBitcoin on May 09, 2014, 06:14:26 PM 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.
Title: Re: Which Bank Does CoinBase Use ? Post by: maurya78 on May 10, 2014, 02:43:48 AM 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 Title: Re: Which Bank Does CoinBase Use ? Post by: theskillzdatklls on May 11, 2014, 09:48:55 PM 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. Title: Re: Which Bank Does CoinBase Use ? Post by: titan86 on May 12, 2014, 09:21:02 AM Google have no answer for this question. I'm too
Title: Re: Which Bank Does CoinBase Use ? Post by: newIndia on May 12, 2014, 09:25:58 PM 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 ? Title: Re: Which Bank Does CoinBase Use ? Post by: mrwilli on May 14, 2014, 03:31:14 PM This is good info to know, but at the same time you have to be careful what bank is being used.
Title: Re: Which Bank Does CoinBase Use ? Post by: knbitcoin on May 15, 2014, 02:39:09 AM 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 Title: Re: Which Bank Does CoinBase Use ? Post by: picolo on June 06, 2014, 08:20:47 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 Title: Re: Which Bank Does CoinBase Use ? Post by: rxrob on April 13, 2015, 04:17:29 AM I know BBVA and Citi banks have controlling interest in Coinbase. The ex-ceo of citigroup (Vikram pandit) is a key player in coinbase.
Title: Re: Which Bank Does CoinBase Use ? Post by: ashour on April 13, 2015, 02:31:42 PM 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.
Title: Re: Which Bank Does CoinBase Use ? Post by: SirChiko on April 13, 2015, 03:26:34 PM 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. Title: Re: Which Bank Does CoinBase Use ? Post by: BitcoinXio on April 13, 2015, 06:53:14 PM 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. |