List of Bitcoin Hostile (and friendly) Banks

[darkmule]

The internet credit union is located in NJ, not CA.

This is not correct. It's the Internet Archive Federal Credit Union (IAFCU) and their first branch and ATM are located in san francisco area.

They are bitcoin friendly, I've seen the people who build the bank speak at multiple bitcoin conferences/other events specifically about this. It's one of the main reasons they built this bank.

Pretty much any US bank isn't going to have an issue with an occassional coinbase transaction. HOwever since coinbase doesn't batch their transactions, if you make a couple dozen transactions in a day, you're going to have a couple dozen ACH to/from your bank account - your bank won't like that.

Well, according to their own site, they claim their address is

2 Kirkpatrick Street Second Floor | New Brunswick, NJ 08901 | (866) 312-3979
Hours Monday-Thursday 4-8 Saturday 10-1 | Routing & Transit Number 021283961.

I'm not really interested enough to hunt down corporate records and stuff, nor am I saying you're wrong, but this is what they say on their own site.

[joesmoe2012]

You may be right, i thought they were in SF, but maybe they aren't?!

[koryu]

tl;dr

fidor bank also does the sepa funding/withdraw on kraken.

[zylstra]

I called the Wells Fargo Money Services Business Control Center at 1-866-453-7610 (open 9am-9pm EST) and the service representative stated Wells Fargo does not bank cryptocurrency business and neither do most large banks.  He stated that some smaller or local banks may take cryptocurrency business.

[Isokivi]

http://www.pfhub.com/bank-of-montreal-shuts-down-bitcoin-related-business-accounts-in-canada-384/

[Kimmo]

Finland:
Please add Handelsbanken to the list of hostile banks. They do not set up accounts for Bitcoin-related businesses.

Sweden:
SEB should not be listed as bitcoin-friendly.

SEB AB, the largest Nordic currency trader and the second-biggest bank in the Baltic region, is rejecting requests from clients seeking to set up accounts to manage Bitcoin.

http://www.bloomberg.com/news/2014-01-30/bitcoin-ponzi-scheme-worry-sparks-estonia-central-bank-caution.html

This old article from April 2013 was interpreted as "Bitcoin-friendly" but turned out to be just BS from SEB:

http://www.seb.se/pow/wcp/index.asp?ss=/pow/wcp/templates/sebarticle.cfmc.asp%3FDUID%3DDUID_7229FBC192B9765BC1257B55005559B3%26sitekey%3Dseb.se%26lang%3Dse

[Yogafan00000]

I just found out today that CIBC/PC Financial is now blocking transfers to Vogogo.  Vogogo is used by Cavirtex Bill payment method in Canada.

 

This makes me really pissed, but now I know I must be doing something right in life if I'm meeting this much resistance for merely being involved with Bitcoin.

[Cheshyr]

In the US, Bank of America has begun refusing to open Bitcoin related accounts, and has denied wire transfers because they were related to Bitcoin companies.  I've had both of these things occur within the last 2 weeks, so we are moving our business bank accounts elsewhere.

[crazynoggin]

Once Bitcoin goes mainstream, we should remember the banks that refused to serve Bitcoin related businesses and Bitcoin in general. By then they will hopefully be begging the Bitcoin community to support them. Personally I haven't had an issue with Chase yet and that's where I set up my account that I use for Bitcoin. Either way, if I do eventually get a notice that they are going to close my account, I will happily support a smaller bank or credit union over the bigger banks.

[_mr_e]

I just found out today that CIBC/PC Financial is now blocking transfers to Vogogo.  Vogogo is used by Cavirtex Bill payment method in Canada.

 

This makes me really pissed, but now I know I must be doing something right in life if I'm meeting this much resistance for merely being involved with Bitcoin.

WTF, virtex just got an MSB... What is with this!?

[phillipsjk]

Canada

RBC closed my commercial bank account for having Bitcoin related activities.

TD Closed my PERSONAL bank account for bitcoin related activity

note: these are not mine.

[murraypaul]

TD Closed my PERSONAL bank account for bitcoin related activity

You were running a business through your personal account. Pretty sure that would be against their TOS.

[freedomno1]

TD Closed my PERSONAL bank account for bitcoin related activity

You were running a business through your personal account. Pretty sure that would be against their TOS.

That one definitely hit a lot of flags for money movement
KYC/AML procedures are a Beep

Would probably need to make a small business account

The other thread though concerns me as it is a blanket ban
https://bitcointalk.org/index.php?topic=502352.0

Not that they any of the Big 5 are very friendly anyways with BTC if you follow Cavirtex

[rinoexchange]

lakebtc.com work with China Merchant Bank
so China Merchant bank is btc friendly i guess

[Noncetech]

Hi,

Would like to share this info:
HSBC in Hong Kong declined to open a bank account for us. They took 1 and a half weeks to tell us this while we were waiting for the account opening documents.

Noncetech will start pre-orders for its first official bitcoin mining rigs and cards next week, so HSBC has really inconvenienced us.

[stogaer]

Is there an existing thread somewhere on bitcoin-friendly banks for personal accounts?

[kjlimo]

Is there an existing thread somewhere on bitcoin-friendly banks for personal accounts?

haha

[freedomno1]

Is there an existing thread somewhere on bitcoin-friendly banks for personal accounts?

haha

I was refraining from commenting but it was an oxymoron moment

[wanellane]

Thanks a lot for doing this list ! It's so convenient to watch the list of friendly banks on one page!

[Satterfield]

Good and interesting thread. Plz keep it up.