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Author Topic: funding mtgox GBP  (Read 1563 times)
bullioner (OP)
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March 10, 2013, 10:50:38 PM
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Last year when I bought a load of coins, I funded mtgox via a direct bank transfer in GBP.  Now I go to Funding Options in my account, and there is only an international wire option.  Is it really not possible to fund gox in GBP via BACS?  What are other people doing?
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March 10, 2013, 11:03:42 PM
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Unfortunately, Barclays shafted Mt Gox (K. K. Tibanne Ltd) last September and closed their feeder account. Clearly, the situation has not been resolved since then.

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March 11, 2013, 03:40:57 AM
Last edit: March 11, 2013, 03:57:28 AM by moni3z
 #3

Last year when I bought a load of coins, I funded mtgox via a direct bank transfer in GBP.  Now I go to Funding Options in my account, and there is only an international wire option.  Is it really not possible to fund gox in GBP via BACS?  What are other people doing?

use xe.com

FPS/BACS is free and they receive FPS transfers same day.
Xe converts the money to USD tho, so you lose out a bit on the conversion but not by much. Prob a better rate than the gox bank charges. They pay out gox with EFT, so if you use FPS odds are you will get your gox account credited in 1-2days if gox is paying attention to transfers and all goes well. Can also convert it to Euro and use the Polish bank, probably faster than the Japanese bank.
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March 11, 2013, 10:37:33 AM
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They pay out gox with EFT, so if you use FPS odds are you will get your gox account credited in 1-2days if gox is paying attention to transfers and all goes well. Can also convert it to Euro and use the Polish bank, probably faster than the Japanese bank.

I'ld read where international wire transfers to Mt. Gox needed to come from your own account, and not from some financial intermediary.  I don't know how closely they monitor and reject transactions when that isn't the case.

Similar to XE.com for this is TransferWise and CurrencyFair. 

With TransferWise, for instance, the TransferWise account can be funded with GBPs and then convert to EUR.  BITSTAMP is an exchange that accepts EUR SEPA transfers.  You can even fund a TransferWise account with a bank debit card,

In the UK there is also
 - http://www.bitbargain.co.uk

You can send cash (GBP) in the mail to www.bitcoinnordic.com in Denmark.
 - http://www.BitcoinNordic.com

You can also go through Blockchain.info using Faster Payments:
 - https://blockchain.info/wallet/deposit-bank-transfer
or Pingit:
 - https://blockchain.info/wallet/deposit-pingit

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March 11, 2013, 01:25:35 PM
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I also buy / sell mtgox codes with a flat 5% fee.

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bullioner (OP)
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March 12, 2013, 08:07:44 PM
 #6

Unfortunately, Barclays shafted Mt Gox (K. K. Tibanne Ltd) last September and closed their feeder account. Clearly, the situation has not been resolved since then.

Does anyone know what Mt Gox were paying Barclays per transaction (FPS / BACS)?  Was it 20p per transaction, or was it zero?
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March 16, 2013, 01:59:04 AM
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Does anyone know what Mt Gox were paying Barclays per transaction (FPS / BACS)?  Was it 20p per transaction, or was it zero?
If it was a business account, anything from zero to £1.20 depending on volume, account type, account age etc

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March 16, 2013, 02:34:30 AM
 #8

Can help fo less then 3%

https://bitcointalk.org/index.php?topic=138876.msg1629784#msg1629784

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