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Author Topic: List of Bitcoin Hostile (and friendly) Banks  (Read 160098 times)
HostSurf
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December 18, 2015, 03:20:17 PM
 #221

Nice list, thank you for this.
Now I know which bank not to use and what other options I got left.
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December 18, 2015, 04:53:40 PM
 #222

Bitcoin friendly banks:
Bank name                                       Country               Relevant information
SEB                                                  Sweden                Swedish article, use google translate.
Nordea                                              Finland                 Conducts business with bittiraha.fi
Osuuspankki                                       Finland                 Conducts business with bittiraha.fi
Tapiola                                              Finland                 Conducts business with bittiraha.fi
Bank of Montreal                                 Canada                 Working with CaVirtex
Internet Credit Union                            ?                         "taking a proactive pro-Bitcoin stance" http://www.reddit.com/r/Bitcoin/comments/1g2r6q/audenx_is_a_badass/cagg431
TD Bank                                              US                     https://bitcointalk.org/index.php?topic=189917.msg2794888#msg2794888
Fidor Bank AG                                     Germany               http://www.newswire.ca/en/story/1197313/bitcoin-de-and-fidor-bank-ag-agree-on-large-scale-partnership

We need to get more Bitcoin friendly banks out of the main using Bitcoin countries. This is the only way people will learn about Bitcoin and start to use it.

Yes we have allies in the banking sector, make sure you guys support those banks.

The other banks will have to learn from this and join bitcoin.

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December 21, 2015, 11:13:47 AM
 #223

Also UK based-  I have had a conversation with a member of staff at Nationwide Building Society (who went and checked their terms etc) and I was advised as long as the money in the accounts comes from legal sources, there is no restriction on receiving funds for the sale or using funds to buy Crypto Currencies at all.
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January 05, 2016, 05:47:55 PM
 #224

Add United Bank (DC Metro area) to unfriendly.  They flat out told me any association with coinbase is grounds to close a decade old account.  And BOA closed my MSB biz account back in September 2015 and were tight lipped about why. Yes, I had a AML/KYC policy that I followed to a T.  This shit is ridiculous.
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January 09, 2016, 11:23:41 PM
 #225

I just read through almost this entire list and basically there are no USA banks listed that will do business with bitcoin related businesses, correct?
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January 10, 2016, 06:13:40 AM
 #226

I just read through almost this entire list and basically there are no USA banks listed that will do business with bitcoin related businesses, correct?

I don't think that's strictly correct. If you check the Gemini exchange they offer to link your account to several US bank accounts.

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January 11, 2016, 08:43:17 AM
 #227

I just read through almost this entire list and basically there are no USA banks listed that will do business with bitcoin related businesses, correct?

I don't think that's strictly correct. If you check the Gemini exchange they offer to link your account to several US bank accounts.

The list is a tad outdated and most entries forget to note Friendly banks but I believe your correct some do have working relationships with services such as Gemini etc in the US.
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February 05, 2016, 10:24:31 AM
 #228

I just read through almost this entire list and basically there are no USA banks listed that will do business with bitcoin related businesses, correct?

I don't think that's strictly correct. If you check the Gemini exchange they offer to link your account to several US bank accounts.

The list is a tad outdated and most entries forget to note Friendly banks but I believe your correct some do have working relationships with services such as Gemini etc in the US.

There will be more and more banks joining soon, because they realize that their system is in jeopardy if they dont add BTC into their basket.

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July 20, 2016, 04:44:02 AM
 #229

Is this list kept updated?

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July 20, 2016, 05:27:42 AM
 #230

This thread is very helpful, hope you continue to update us with more helpful tips and information such as this one. It will be helpful not only to me but to other bitcoin users who are trying or engaging on banks using bitcoins. But I do hope that someday all banks will be bitcoin friendly so that people will enjoy the benefits of having bitcoin in their life.
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January 17, 2017, 04:34:34 AM
 #231



I like to bump this thread with Unicredit banka Slovenija  , this is the bak bitstamp uses so it should be bitcoin friendly

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April 12, 2017, 09:16:04 AM
 #232

update on Nationwide (UK), which was been said earlier on this thread to be OK with Bitcoin: It's not if you're doing a SEPA withdrawal!

"We regret to inform you that your withdrawal request has been rejected.

Reason:
Nationwide bank's correspondent bank for SEPA transfers is Commerzbank - please note that Commerzbank has adopted an internal policy and no longer allows transfers related to Bitcoin."

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April 24, 2017, 06:39:18 PM
 #233

Let's discuss which banks are, and which banks are not bitcoin friendly.

I will try to keep this post updated with all new information as it comes in, feel free to PM me or reply to this thread if you have something to add.

(please note, just because a few transfers from bitcoin exchanges have gone through, doesn't make a bank necessarily bitcoin friendly. This list is for banks who have a proactive attitude towards bitcoin, publicly endorse it, or support major exchanges.)

United States:

   Wells Fargo
Documentation Needed.


If anyone is still updating this, I have used my Wells Fargo account(s) to purchase bitcoin routinely.  The only issue I've encountered is that, for instant/debit purchases, their automated fraud system sometimes decides it was fraudulent.  I can't figure out the pattern; half of my Coinbase instant purchases go through, and the other half don't.

Whether they represent themselves as "bitcoin-friendly" and would welcome large and/or business transactions, I can't say.

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May 11, 2017, 08:13:31 AM
 #234

That is really helpful post to know about bitcoin friendly banks.  Wondering when this will be implemented in to my country. It is chaos though ; handling bitcoin and regulating it is not easy for developing countries as they have to solve their own mess first.  Grin
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May 13, 2017, 12:05:23 PM
 #235

The Bank of Montreal is not longer btc friendly.

I am looking for a virtual bank account from which I can wire in and out to different trading sites like btc-e. My bank should not be able to know that my transactions are related to BTC if all I do is to switch my profit from time to time from my virtual bank account to my actual bank account?

I would be curious to know what large traders are doing, where do they send their USD to?

Also I was surprised to read Okpay wasn't btc friendly while I could load btc-e using it just yesterday?

Any only virtual bank to recommend?

Thanks



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June 08, 2017, 04:27:35 PM
 #236

I have always used Bank of America with Coinbase and never had any issues whatsoever.   I made a completely separate bank account that only had bitcoin transactions going in and out of it.   I have other accounts there with decent balances and have a long standing relationship with that crappy bank since I started there when I was a kid.

That being said, without notice, a few months ago when I was just trying to buy a couple hundred bucks of btc...Coinbase said I was using an invalid payment method when I tried to purchase.

Fortunately, I had just moved most of my banking business over to Chase and was able to use Chase to purchase BTC.   I have had purchases and sales of BTC going in and out of Chase without any issues.


It's tough to say, but I think the higher balance you maintain at the bank, the less they will hassle you over BTC debits and credits.

Like for instance if you have $500 total in your account and then you get a $10,000 BTC deposit, and then use that to buy more BTC and put your account back down below $500, I think they are far more likely to have a problem with this (don't ask me why).

But if you have $100,000+ regularly in your account and you have a few thousand going in and out in BTC, I don't think they are going to raise any issues.

Banks generally have no problems with deposits...they will usually take your money...it's sometimes getting it back that becomes the issue.
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June 20, 2017, 05:43:23 PM
 #237

Seems like OTP bank (Hungary) became bitcoin hostile

Msg from Bitstamp:
Quote
Please note that OTP bank does not process bank transfers that originate from bitcoin related businesses. This means that any transfer sent to your bank would be rejected and returned to Bitstamp. We kindly suggest you use alternative banking details when requesting future bank withdrawals.
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June 20, 2017, 05:52:30 PM
 #238

I never expected such a big list of banks being good with a friendly approach to the bitcoin usage. Looking this more and more banks around the globe will start implementing the same way of making use of bitcoin into the banking system.
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June 20, 2017, 05:55:05 PM
 #239

I am residing in India, and here all the three major private banks are somewhat tolerant about Bitcoin (ICICI, HDFC and Axis). They know that we are using these bank accounts to make deposits in the local exchanges such as Zebpay, but till now I haven't heard anyone getting his account frozen by them.

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June 21, 2017, 10:04:03 AM
 #240

Seems like OTP bank (Hungary) became bitcoin hostile

Msg from Bitstamp:
Quote
Please note that OTP bank does not process bank transfers that originate from bitcoin related businesses. This means that any transfer sent to your bank would be rejected and returned to Bitstamp. We kindly suggest you use alternative banking details when requesting future bank withdrawals.

Did some research and it looks like the problem is on the Bitstamp side. Actually it seems like OTP is rater Bitcoin friendly:

https://translate.google.hu/translate?hl=en&sl=hu&u=https://www.otpbank.hu/privatebanking/Hir%3Fid%3D45546&prev=search
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