Bank of Ireland & Bitcoin

[OmegaStarScream]

I just want to have an opinion from people who already sent SEPA transfers where the transaction was related to bitcoin or crypto in general.

I have a friend living in Ireland, and I want to sell some BTC so he can receive the funds in his bank account. I've heard stories about some banks not being very friendly when it comes ot bitcoin transactions, so I have to ask, are there are any chances that he will run into issues while knowing that amount is below 500 Euros.

[LeGaulois]

These cases are becoming increasingly rare now, 4-5 years ago yes but not anymore. Especially for a sum of 500€ which is considered minimal.
In the worst case, the transfer will be rejected and returned to the sender. With automated processing, they won't even notice it.

People who see their accounts blocked is because they use their personal account to carry out activities worthy of a company. Often they do not stop using their bank account to buy and sell BTC, as if they had a store. A bank will not let you use a personal account to do business, for several valid reasons.


For 500€ in Europe, you're fine.