List of Bitcoin Hostile (and friendly) Banks

[Newar]

[...] Buy buy buy.

And not necessarily on exchanges.

[l3sny]

PayPal shoud change status to friendly

[skivrmt]

PayPal shoud change status to friendly

Yeah as friendly as your hungry rabid neighborhood honey badger...

[keithers]

Since Circle has introduced the ability to purchase BTC with a credit card, someone should make a thread similar to this one that shows which credit cards are the best (and worst) to use when purchasing BTC

[l3sny]

PayPal shoud change status to friendly

Yeah as friendly as your hungry rabid neighborhood honey badger...

Let'em have a piece of the cake. After all it would put to rest all those rabid regulatory freaks

[keithers]

I am pretty sure that Bank of America is fine with BTC transactions going in and out of their personal checking accounts.   You can create a separate account that will solely be used for BTC.   Just make sure you have a sufficient amount of funds in their when you are trying to purchase BTC through Coinbase, Circle, or wherever...

[phillipsjk]

Canadain Western Bank now appears to be Bitcoin hostile.

They are currently having a meeting to determine if they should terminate my personal account over potential Bitcoin use. I had declared the use when I opened the account. It came to a head because I tried to open a commercial account for my low-volume Money Service Business (registration pending).

Update (Oct 29, 2014): They closed my account today when I went in and asked for clarification. It appears that they are not yet at a point where they have a (public) policy against Bitcoin in writing. The closure letter was prefaced with: "WITHOUT PREJUDICE". As I understand it, that means it can't be used in court if I try to sue them or something.

[jbest]

just wanted to reconfirm that wells still isn't bitcoin friendly. my llc just got completely banned forever for answering their virtual currency (msb) question. i went through a long process of sending them personal information just to find out that they never intend on working with virtual currency. i happened to get ahold of an 11 year wells veteran who wanted to help and be informative.

she told me to first check for banks that don't have "money service business control centers". this is the department that is worried about AML/KYC thanks to the BSA and FDIC. that is the department that doesn't care if you're completely BSA compliant when you're dealing with virtual currency at all. and to that point, she also suggested finding banks that are not FDIC insured because their compliance prevents involvement with things that are unregulated, such as virtual currency, and therefore prevents the larger banks from getting involved.

so wells is still bad and probably will be for a while. i'm going to be looking at TD or the IAFCU

[fredthegambler]

Do you think this Hostile banks will increase or will it decrease in time?

[phillipsjk]

Do you think this Hostile banks will increase or will it decrease in time?

It will increase; up until the day the Bitcoin replaces SWIFT for large inter-bank transfers.

[Mccoy818]

Do you think this Hostile banks will increase or will it decrease in time?

Depends on where bitcoin goes.

[abrahamlitcoin]

Do you think this Hostile banks will increase or will it decrease in time?

It will decrease if world wide adoption will happen but if not, and if btc are always linked to illegal activities then it will grew/increase for sure.

[maisoncoin]

I have Chase, and I'm 100% new to this. What other ways an I start using BTC? I want to start with a small amount just to practice the functions of buying, selling..etc. Would Chase shut me down if I use a small amount of money? under $100.00USD?

[coinmaster222]

If a UK bank shuts your account for dealing in btc and they will, you are put on a world wide black list.Fifth Third in the states shut my personal account when I asked about a business account to deal in btc.

[mintymark]

This post id about the situation in the United Kingdom.

Lloyds is certainly very Bitcoin hostile. (See my post about how they shut down an account I used for Bitcoin related activity. https://bitcointalk.org/index.php?topic=581747.0)  They confirmed that they would under no circumstances allow me to open a business account for my business which is a Uk legal business.

I then asked every other highstreet bank in the uk if I could open a business account. I made no secret of anything. All quickly declined before the process had got very far. Every high street bank? Well almost. HSBC I did not ask because everyone said they were generally useless and indeed they failed to get back to me, but I did't ask them. I asked several overseas banks as well such as bank of China, Bank of Cypres, all have Uk high street branches in some place, but the answer was a similar no.

Most said it was either their choice of their choice as a result of government guidelines.

One bank does for sure. Its Lloyds Bank (Isle of Mann.) But although I spent well over an hour trying to get to talk to them eventually when I did get through we couldn't hear each other. Perhaps the string on the telephone system over them mountains wasn't good and tight, I don't know. but I was put off sufficiently by the difficulty of getting through that I did not follow this up. I think also they only deal with very large accounts but they did not tell me that. (Or anything useful at all actually!)

[phillipsjk]

CIBC appears to be bitcoin-hostile.

Opened and closed an account today. As with CWB, there is no "official" Bitcoin policy as of yet.

[cutesakura]

for the moment I think there are very few banks that serve the exchange bitcoin bitcoin or wear as a transaction, because it is crypto, it's rather difficult to use bitcoin exchange for buying and selling goods, there may be some countries that already have a bitcoin as a currency traded, I really hope in the future can be a tool bitcoin transactions sepertl like fiat currency that has been circulating in the bank in each country ... 

[coinmaster222]

Any bank in the UK if you mention btc in the conversation

[marvinrouge]

(positive) communication about Bitcoin on the french website of INGDirect




Sorry it's in french, but if you're interested I can translate

[phillipsjk]

(positive) communication about Bitcoin on the french website of INGDirect

ING bank's Canadian division was taken over by Scotia bank (which has been traditionally Bitcoin hostile)

As part of the Deal, It was renamed Tangerine.

Edit: I am not sure how positive that actually is. They may be making fun of Bitcoiners. The implication seems to be that Bitcoin is inconvenient. Another implication being that you don't have to be your own bank with ING Direct.