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Jered Kenna (TradeHill) (OP)
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August 10, 2011, 01:50:57 PM |
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Dear Customers,
We are glad to announce that SEPA transfers are now once again available.
We have taken every precaution in reactivating SEPA transactions to ensure uninterrupted service. This includes setting up pre-funded backup accounts at independent banks. We have clearly discussed with each bank our business plan and all the implications of Bitcoin. They fully understand the nature of our business.
To ensure smooth operations, the banks require strict adherence to AML policies. Therefore, we will upgrade our complaince with European AML regulations. If you want to deposit or withdraw large amounts we will need to know more about you.
All of the above will ensure that our customers will receive continuous service, regardless of shifts in external factors that which we do not control.
As always, please feel free to contact us directly in case you have any questions or suggestions.
Regards,
The TradeHill Team
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moneyandtech.com
@moneyandtech @jeredkenna
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Seraphim401
Full Member
 Offline
Activity: 215
Merit: 100
Live Long and Prosper
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August 10, 2011, 04:30:55 PM |
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Dear Customers,
We are glad to announce that SEPA transfers are now once again available.
We have taken every precaution in reactivating SEPA transactions to ensure uninterrupted service. This includes setting up pre-funded backup accounts at independent banks. We have clearly discussed with each bank our business plan and all the implications of Bitcoin. They fully understand the nature of our business.
To ensure smooth operations, the banks require strict adherence to AML policies. Therefore, we will upgrade our complaince with European AML regulations. If you want to deposit or withdraw large amounts we will need to know more about you.
All of the above will ensure that our customers will receive continuous service, regardless of shifts in external factors that which we do not control.
As always, please feel free to contact us directly in case you have any questions or suggestions.
Regards,
The TradeHill Team
Thank you soooo much!  Just did a small withdraw. |
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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August 11, 2011, 06:52:22 AM |
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Indeed great news!
I consider to switch to TH now.
About the AML rules:
What limit applies? I guess a certain amount per day per account (1000$ in USA?)?
Obviously this would then not apply if a sum was splitted up to several days or to several accounts?
What is the procedure when a sum over this limit is transferred at once?
Thank you, cant wait to finally get going!
Ente
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ffuentes
Member
Offline
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 11, 2011, 07:55:23 AM |
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Dear Customers,
We are glad to announce that SEPA transfers are now once again available.
We have taken every precaution in reactivating SEPA transactions to ensure uninterrupted service. This includes setting up pre-funded backup accounts at independent banks. We have clearly discussed with each bank our business plan and all the implications of Bitcoin. They fully understand the nature of our business.
To ensure smooth operations, the banks require strict adherence to AML policies. Therefore, we will upgrade our complaince with European AML regulations. If you want to deposit or withdraw large amounts we will need to know more about you.
All of the above will ensure that our customers will receive continuous service, regardless of shifts in external factors that which we do not control.
As always, please feel free to contact us directly in case you have any questions or suggestions.
Regards,
The TradeHill Team
Thank you soooo much! Just did a small withdraw. Me too. It will be important regarding to use it again. |
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Sukrim
Legendary
Offline
Activity: 2618
Merit: 1006
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August 11, 2011, 01:39:59 PM |
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Indeed great news!
I consider to switch to TH now.
About the AML rules:
What limit applies? I guess a certain amount per day per account (1000$ in USA?)?
Obviously this would then not apply if a sum was splitted up to several days or to several accounts?
What is the procedure when a sum over this limit is transferred at once?
afaik in Germany they have a limit of 1000€ per transaction (I doubt that you can just request 1000*1000€ transactions to get around this) currently, dunno about time frames. For smaller withdrawals of a few dozen Euros or so it should be OK I think - 4 digits and above will most likely require ID though. |
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ffuentes
Member
Offline
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 11, 2011, 04:03:06 PM |
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It's still in process  |
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Jered Kenna (TradeHill) (OP)
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August 11, 2011, 04:55:39 PM |
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We are actively working with the bank to establish clear guidelines.
For now, the limit is set to 5,000 EUR per month. Anything beyond that will require ID.
-Francisco
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moneyandtech.com
@moneyandtech @jeredkenna
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Jered Kenna (TradeHill) (OP)
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August 11, 2011, 05:04:45 PM |
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It's still in process We have a bit of a backlog, but all the funds are accounted for, so it should be processed today. Please send us an email to info@tradehill.com so I can check your profile and give you more information. -Francisco |
moneyandtech.com
@moneyandtech @jeredkenna
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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August 12, 2011, 07:16:43 AM |
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Sounds good, thank you for clarifying, Francisco.
One more question: When I transfer Euro to my account, is it possible to trade that funds in US$? Similar to what MtGox does (automatically exchanging any currency to US$). The volume in other currencies than US$ is just too low..
(Yes, I know, hen-egg problem)
Thank you again,
Ente
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txcoin
Newbie
Offline
Activity: 32
Merit: 0
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August 12, 2011, 06:38:12 PM |
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@Ente
You would have to trade your EURs to BTC and from there you can go to the USD (or any other) market.
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ffuentes
Member
Offline
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 12, 2011, 06:54:27 PM |
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@Ente
You would have to trade your EURs to BTC and from there you can go to the USD (or any other) market.
That's what I did but with other currencies. Bad thing is that in Tradehill there are few people trading other than USD. I think sometimes that this is a company fail, lack of marketing or somewhat. |
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