Coinbase Add Bank Account Verification?

[jerry0]

How do I check if I already have a bank account linked to my coinbase account?  I had a bank account added to it years ago for verification.  I still use that same bank right now.  Where in coinbase can I check this?

[DaveF]

Upper right had corner of the web page click on your profile and then settings and then payment methods.
This link *may* take you to the page: https://www.coinbase.com/settings/linked-accounts

In the android app go to the hamburger in the upper left then profile and settings and you should have any active payment methods listed.

Keep in mind they have gotten really strict.

DaveF is not the same as Davef which is not the same as davef when it comes to the name that your bank has on your account.

-Dave

[jerry0]

This is the confusing part here.  I clearly see a bank account linked to my coinbase account.  You see it under payments.  Only option is to remove it.


How do I make an ach purchase then?  Because it doesn't seem to allow me to buy with my bank account?

[DaveF]

Starting with Coinbase support sucks and Banks are annoying....
The issue is you cannot find out why an account cannot fund OR why it was removed.

As of the middle of December I had *3* bank accounts linked to my Coinbase accoint.

One just disappeared. Was there one day and gone the next time I looked.
Another all of a sudden became unverified.
The 3rd is (as of now) fine.

Tried to add the 1st one back and it will not let me. CB says the bank is at fault, the banks attitude is, so long as they send to the correct routing number and account number we don't care. If they have or need other verification like name / address we give them a yes or no as to if it matches your account. Don't care beyond that.

The other one that because unverified took about 4 days to fix as CB did the 2 test deposits and withdraws. But it all seems fine now, I have not checked.

So my advice is open up an account in a different bank.

Talking to others that seems to be a common issue. And has been my advice to a lot of people go to a local credit union and open up an account JUST to move cash to CB and Gemini and whatever other crypto exchanges you use. They seem to be a lot less concerned with where the $ comes and goes from vs a regular bank.

-Dave

[jerry0]

Thanks for that information.  But my bank account still shows there though.  That is what makes zero sense.  If my already linked bank account from years ago was unlinked... well then I would try to link it again.


The thing is why does it show up there then if you cannot use it?  Also when you go to the payments method on coinbase or banking on coinbase pro... can you even click on the bank account?  Or is the only thing you can do click remove and that's it?  That is what i'm curious about here.  Can you actually click on that bank account while looking at it on coinbase pro for example?


How did one bank account go to unverified?  It shows the bank account but next to it shows the word unverified?


The thing is I do not want to use the plaid method and want manual deposit.  I have another bank account that I tried to add to coinbase using the manual method.  It tells me I cannot add this bank account to it.  So what do I do now then? 



So my options seem to be... remove this linked bank account... then try to add it back again manually?  Is that what you suggest first?  But if I remove the bank account, is there a chance my account goes to unverified?  The thing is I do have crypto there so I don't want my account frozen in case this happens.  Should i just move my crypto off coinbase first before I do this?



Then if the manual deposit of the same bank account doesn't work... what do I do then?  Again the other bank account I tried to add earlier manually does not work.  So that means my only option would be plaid then with the same bank account or the other bank account?


Do you know if doing a wire transfer would allow me to verify my account to use ach/wire in the future though?  I know gemini does because I had to do a wire from my bank account and now I have ach/wire activated.

[Drnice]

Opened an account at coinbase years ago. Submitted my verification years ago. I remembered linking my BoA checking account and sending in my US passport to get verified. I have never ever deposited any funds from my BoA to coinbase nor have I ever withdraw anything from coinbase. I never even done a trade on coinbase ever.


However, not long ago, I sent some btc from my wallet to coinbase to keep it there. Thus just have some btc there on coinbase.



When I check my coinbase account now, when I click on Buy/Sell, it says



You're almost ready to buy. Please complete your account. To make an investment, please add a payment method



So I click on Bank account right? I see other options are paypal, debit card and wire transfers. But when I click on bank account, it wants to use Plaid to connect to my bank account? When I click on BoA, I am suppose to enter my BoA online banking information? If so, is that safe? But after doing this, then my bank account is added? I'm confused here because many years ago when I got verified, I remember verifying the same bank of america account years ago. So is this new and everyone need to do it?  I do see the option of adding bank account manually where they make two deposits and you verify it but that takes up to 5 days.  Does that work?

If the question still remains if it's safe, it is if you're not so scared of giving out your information and passing your KYC verification. Other than that, the process to me is legit. Everyone needs an easy way of moving his/her money without stress, just that when it becomes very hug, the government starts tracing your personal information and also using the bank/exchange as a big source of information. This is one of a major reason why processing  KYC is not really the best.
That aside binance exchange was bringing forth such an idea which would have been accepted by it's users, but the government of my country placed a ban on it.
These are new features that are added to Coinbase. When I first started using Coinbase, it was just a wallet for receiving and storing of coins, and at then the coins where even limited as compared to now. So, lots of new things has been added to facilitate users experience.