banks refusing to let me open an account

[eye-con]

Bitcoins is very well known in Philippines nowadays and banks also accept bitcoins money in out of their bank, Maybe they just smell something fishy on your source of income coz btc sometimes use to scam persons that's why they protect their bank to be related in that kind of business but i didn't say that your a scam i just point out other things that's why they didn't allow you to have an account to them.

maybe because they wont consider bitcoin as source of income as of today, that's why they wont allow him to open an account. there's a a lot of people saying that bitcoin is scam, or used to scam people, so you really cant apply that reason to open an account in a bank

It depends also on the bank, there are banks who are not that strict for as long as you have the money that can be presented they don't care where your money came from, they will just let you answer the application for opening an account. But, other banks especially those big banks are really strict especially that you are foreigner.

may friend ako, nagtry din siya mag open account sa BDO at sa BPI, and tinanong kung anong source of income niya, ang sabi niya bitcoin ang source of income niya, pagtapos daw nun ang dami nang further questions. siguro nga depende talaga siya sa banko, kasi ung bdo at bpi alam naman natin na mahigpit talaga yan. pero kung sinabi niyo lang na for remittance madali lang makapag open account.

[ecnalubma]

Hmmm maybe the best to do when applying or opening bank accounts is avoid mentioning bitcoin as source of income. Maybe cryptocurrencies here in the Philippines makes banks uncomfortable, it will take time before major banks adopt this type of payment systems. We can't just pleased banks they have their own rules and policies unless central bank will acknowledge and approve all bitcoin related transactions.

[Bonakid]

Siguro ay depende sa banko syempre merun silang mga rules and regulations to follow like amla or anti money laundering iniisip nila amla ang bitcoin pero kung tutuusin ay hindi ito kasama sa anti money laundering.there are banks that restricted cryptocurrency so its better to find another bank that open minded in digital currency.

[LesterD]

Siguro ay depende sa banko syempre merun silang mga rules and regulations to follow like amla or anti money laundering iniisip nila amla ang bitcoin pero kung tutuusin ay hindi ito kasama sa anti money laundering.there are banks that restricted cryptocurrency so its better to find another bank that open minded in digital currency.

oo lalo na kasi bangko un, tungkol sa pera, kaya kailangan nila maghigpit lalo na kung hindi sila sigurado kung ano ung sinasabi mong source of income, kapag kaduda duda kasi iisipin agad nung mga un illegal ang source of income mo.

[LeyMonte]

hi po, buti nakita ko tung thread na ito. ito kasi ang problema ko ngayun. gustong gusto ko mag open ng bank account kaso wala naman akong trabaho aside dito sa forum. so na mumublema ako kung anung sasabihin ko kung tungkol na sa source of income ang pag uusapan at tanungan..

nabasa ko na most sa suggestion nyu ay para sa remittance. ang tanung ko lang po is pag sinabi ko po bang for remittance, wala po ba silang follow up questions tungkol jaan? at kung sa mga nkapag try na, anu po ang posibling tanung? para nmn po mkapag hnda ako ng isasagot. ayoko din po kasi mag mukang tanga kung may further questions pa sila tungkol jan at d ako makasagot.

pa help na din po. kasi matagl kona gusto mag open kaso  natatakot ako dahil wala akong trabho tas malaking pera ang e dedeposit ko.

[amadorj76]

hi po, buti nakita ko tung thread na ito. ito kasi ang problema ko ngayun. gustong gusto ko mag open ng bank account kaso wala naman akong trabaho aside dito sa forum. so na mumublema ako kung anung sasabihin ko kung tungkol na sa source of income ang pag uusapan at tanungan..

nabasa ko na most sa suggestion nyu ay para sa remittance. ang tanung ko lang po is pag sinabi ko po bang for remittance, wala po ba silang follow up questions tungkol jaan? at kung sa mga nkapag try na, anu po ang posibling tanung? para nmn po mkapag hnda ako ng isasagot. ayoko din po kasi mag mukang tanga kung may further questions pa sila tungkol jan at d ako makasagot.

pa help na din po. kasi matagl kona gusto mag open kaso  natatakot ako dahil wala akong trabho tas malaking pera ang e dedeposit ko.

sabihin mo lang na jan ka tatanggap ng remittance from relatives mo, kahit wag mo na sabihing international, kahit sabihin mo na local lang. jan ipapadala allowance mo at yun lang, wala naman nang further questioning na mangyayare after nyan.

[Gilas]

Obviously the banks are not yet considering bitcoin as a stable income which is disappointing for now even with the capability of bitcoin to provide you more financially. But sooner or later i'm pretty sure the system will change when time comes

[Experia]

Obviously the banks are not yet considering bitcoin as a stable income which is disappointing for now even with the capability of bitcoin to provide you more financially. But sooner or later i'm pretty sure the system will change when time comes

hindi naman stable income ang point dyan ng bangko bro, may nagsabi sakin na ayaw tanggapin ng bank ang bitcoin dahil hindi naman talaga nate-trace yung mga transactions dun kaya hindi nila malalaman kung san na ba ginagamit ang bitcoin ng isang indibidwal

[herminio]

Obviously the banks are not yet considering bitcoin as a stable income which is disappointing for now even with the capability of bitcoin to provide you more financially. But sooner or later i'm pretty sure the system will change when time comes

hindi naman stable income ang point dyan ng bangko bro, may nagsabi sakin na ayaw tanggapin ng bank ang bitcoin dahil hindi naman talaga nate-trace yung mga transactions dun kaya hindi nila malalaman kung san na ba ginagamit ang bitcoin ng isang indibidwal

Oo,tama ka, yan din ang isang rason kung bakit hindi nag aaproved ng account ang isang banko kung galing sa bitcoin ang source of income mo .hindi kasi ma trace kung saan galing yang pera mo or may illegal kaba na ginagawa sa online. Pero may ibang banko naman na tumatanggap.

[Chair ee law]

This situation goes to show that bitcoin is still not well known to the country. Maybe you should use other terms aside from the word bitcoin upon applying. Like maybe you use trading. Forex is also trading. So is cryptocurrency. Baka they would consider. But sir i beg tp disagree with your plan on investing or buying condos here in the Philippines. Unless you have dual citizenship. Because in the Philippine law, aliens(not filipino citezen) are not allowed to acquire  real properties.

[Chair ee law]

In addition to my post, why not try security bank. They have partnered coins.ph so we must pressumed they have full knowledge of crypto currency trading.

[Edraket31]

In addition to my post, why not try security bank. They have partnered coins.ph so we must pressumed they have full knowledge of crypto currency trading.

bakit nga ba hindi sa security kumuha yung iba total parang sila naman ang partner talaga ng bitcoin e. pero yung iba kasi mas prepared nila yung mas malapit na bangko sa kanila. katulad ko sobrang layo ng security bank dito sa aming lugar. kaya sa rcbc ako nag open ng account.

[zupdawg]

Obviously the banks are not yet considering bitcoin as a stable income which is disappointing for now even with the capability of bitcoin to provide you more financially. But sooner or later i'm pretty sure the system will change when time comes

hindi naman stable income ang point dyan ng bangko bro, may nagsabi sakin na ayaw tanggapin ng bank ang bitcoin dahil hindi naman talaga nate-trace yung mga transactions dun kaya hindi nila malalaman kung san na ba ginagamit ang bitcoin ng isang indibidwal

Oo,tama ka, yan din ang isang rason kung bakit hindi nag aaproved ng account ang isang banko kung galing sa bitcoin ang source of income mo .hindi kasi ma trace kung saan galing yang pera mo or may illegal kaba na ginagawa sa online. Pero may ibang banko naman na tumatanggap.

anong bangko po yung tumatanggap ng bitcoin as source of income? balak ko sana mag open ng bank account para kung sakali dun na lang ako sa bank na tumatanggap ng bitcoin mag open para walang problema.

[burner2014]

In addition to my post, why not try security bank. They have partnered coins.ph so we must pressumed they have full knowledge of crypto currency trading.

bakit nga ba hindi sa security kumuha yung iba total parang sila naman ang partner talaga ng bitcoin e. pero yung iba kasi mas prepared nila yung mas malapit na bangko sa kanila. katulad ko sobrang layo ng security bank dito sa aming lugar. kaya sa rcbc ako nag open ng account.

hindi ko pa na try na mag open ng account sa security bank, mukha ngang ok mag open sa kanila kasi sila naman talaga ang partner ng bitcoin pagdating sa cashout e, pero sa ngayon malabo na ako amg open dun kasi marami na akong bank account e saka malayo rin sa aming lugar ang security bank

[alexihibionada]

Maybe because banks in the Philippines doesn't take bitcoin seriously or because it's not an accepted currency yet? Easiest to open an account is @ RCBC btw

[LeyMonte]

hi po, buti nakita ko tung thread na ito. ito kasi ang problema ko ngayun. gustong gusto ko mag open ng bank account kaso wala naman akong trabaho aside dito sa forum. so na mumublema ako kung anung sasabihin ko kung tungkol na sa source of income ang pag uusapan at tanungan..

nabasa ko na most sa suggestion nyu ay para sa remittance. ang tanung ko lang po is pag sinabi ko po bang for remittance, wala po ba silang follow up questions tungkol jaan? at kung sa mga nkapag try na, anu po ang posibling tanung? para nmn po mkapag hnda ako ng isasagot. ayoko din po kasi mag mukang tanga kung may further questions pa sila tungkol jan at d ako makasagot.

pa help na din po. kasi matagl kona gusto mag open kaso  natatakot ako dahil wala akong trabho tas malaking pera ang e dedeposit ko.

sabihin mo lang na jan ka tatanggap ng remittance from relatives mo, kahit wag mo na sabihing international, kahit sabihin mo na local lang. jan ipapadala allowance mo at yun lang, wala naman nang further questioning na mangyayare after nyan.

Na try nyu na po yan? Baka kasi mag tanung. Tapos malakinh pera ipapasok mo sa banko. Baka sabihin san nanggagaling yung deposits. Yun kasi inaalala ko. Madami din kasi akong kakilala na na freeze ang accounts.

[BryanAce]

So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.

Any suggestions? Any bitcoin friendly banks here?

Change your source of income then go to bank if you said online business its approved by the bank and and check if you have the same name here in Philippines

[burner2014]

hi po, buti nakita ko tung thread na ito. ito kasi ang problema ko ngayun. gustong gusto ko mag open ng bank account kaso wala naman akong trabaho aside dito sa forum. so na mumublema ako kung anung sasabihin ko kung tungkol na sa source of income ang pag uusapan at tanungan..

nabasa ko na most sa suggestion nyu ay para sa remittance. ang tanung ko lang po is pag sinabi ko po bang for remittance, wala po ba silang follow up questions tungkol jaan? at kung sa mga nkapag try na, anu po ang posibling tanung? para nmn po mkapag hnda ako ng isasagot. ayoko din po kasi mag mukang tanga kung may further questions pa sila tungkol jan at d ako makasagot.

pa help na din po. kasi matagl kona gusto mag open kaso  natatakot ako dahil wala akong trabho tas malaking pera ang e dedeposit ko.

sabihin mo lang na jan ka tatanggap ng remittance from relatives mo, kahit wag mo na sabihing international, kahit sabihin mo na local lang. jan ipapadala allowance mo at yun lang, wala naman nang further questioning na mangyayare after nyan.

Na try nyu na po yan? Baka kasi mag tanung. Tapos malakinh pera ipapasok mo sa banko. Baka sabihin san nanggagaling yung deposits. Yun kasi inaalala ko. Madami din kasi akong kakilala na na freeze ang accounts.

kung sobrang laki ng perang ipapasok mo sure na matatanong yan kung saan nanggaling pero kung hindi naman kalakihan wala kana dapat problemahin dun. freeze ang account? bakit naman nila gagawin yun? maraming magagalit sa kanila kapag ginawa nila ng walang mabigat na rason yun

[Rukawa2k]

Wew, wala pa kasi sa protocol ng banks yang bitcoin. Bakit pa kasi yun ang sinabi mong means of income mo. Pwede ka namang wag na lang mag Banko, gawin mong bank yun wallet mo sa bitcoin, tataas pa yan.

[Bitkoyns]

Wew, wala pa kasi sa protocol ng banks yang bitcoin. Bakit pa kasi yun ang sinabi mong means of income mo. Pwede ka namang wag na lang mag Banko, gawin mong bank yun wallet mo sa bitcoin, tataas pa yan.

yung iba kasi need nilang magkaroon ng bank statement lalo na yung iba hinahabol nila yung bank statement , ung iba kasi gustong kumuha ng mga bagay bagay na kailangan ng bank statement lalo na kung installment basis ang mode ng payment nila kaya yung iba nag oopen ng acct .