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Author Topic: Ulster Bank ROI just closed my account  (Read 1490 times)
xenog
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February 08, 2014, 11:51:58 AM
 #1

Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.
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February 08, 2014, 12:53:54 PM
 #2

They can just close your account like that without any explanation?

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February 08, 2014, 03:19:52 PM
 #3

The TOS states that they can do that with sixty days notice, and that’s what they did.
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February 08, 2014, 10:05:57 PM
 #4

Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.

HSBC.  Maybe.
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February 09, 2014, 03:15:25 AM
 #5

my bank complained about coinbase transactions and locked my account 2x. they also said that I should find another bank to do business with. oh well.....

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February 09, 2014, 09:28:52 AM
 #6

It is important to setup a network of cash exchanges and improve liquidity locally. I am already talking to other exchangers locally to get that done. They will not be able to stop us bitcoiners.
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February 09, 2014, 12:04:48 PM
 #7

That's horrible. I can't help to wonder about how many Bitcoins you have and your history With the coin. I can't believe the Bitcoin opportunity slip away. Life could have been so different

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February 09, 2014, 04:02:52 PM
 #8

Ulster Bank ROI sent me a letter stating that I have sixty days to find myself another bank. They have closed my account, as well as my wife’s. I’m not going to open a new Irish bank account. I’m going to attempt to live with Bitcoin and cash exchanges only from now on.

The bank didn’t state a reason for my account being closed. I suspect it is because my only source of income seems to be monthly transfers from certain Slovenian company called Bitstamp.

Well at least they give u 60 days and not just freeze your bank with all the money in it..

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February 09, 2014, 04:06:01 PM
 #9

Banks are useless. I don't get how a closed bank account is a problem in any way.

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February 09, 2014, 04:26:04 PM
 #10

Good luck setting up the local cash exchanges

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February 09, 2014, 11:56:36 PM
 #11

It is important to setup a network of cash exchanges and improve liquidity locally. I am already talking to other exchangers locally to get that done. They will not be able to stop us bitcoiners.
This would be great but local exchanges still need banks, also it's hard to gain trust on the market. Bitcoin attracts scammers.

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February 11, 2014, 04:19:39 AM
 #12

An odd age we live in when a bank doesnt want your money

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February 11, 2014, 05:01:17 AM
 #13

This is happening everywhere. Bank accounts linked with Bitcoin transactions are frequently being closed, and in some cases frozen.

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February 11, 2014, 02:49:24 PM
 #14

Bank are lame... but we need them Sad

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February 11, 2014, 03:07:58 PM
 #15

Bank are lame... but we need them Sad

No. We don't need them. There will be no need for 3rd party people if Bitcoin goes mainstream.

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February 11, 2014, 03:15:18 PM
 #16

Bank are lame... but we need them Sad

This is the whole point of crypto. We don't need them.

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uranian
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February 13, 2014, 10:58:15 PM
 #17

I would take that as a huge compliment. Rather akin to Jamie Dimon's "bitcoin is a terrible store of value" comment. Congratulations for having pissed off bankers so much that they want nothing more to do with you.
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