mayax
Legendary
Offline
Activity: 1470
Merit: 1004
|
|
October 15, 2014, 11:10:06 PM Last edit: February 02, 2016, 03:03:03 AM by mayax |
|
A had a similar issue with BoA, and was sorted out once I spoke to the branch manager. He said, my account was under investigation, but things got fixed themselves a week later.
you are very lucky. I am not sure what you told them because they usually don't unlock the account.
|
|
|
|
feendog
Newbie
Offline
Activity: 36
Merit: 0
|
|
October 20, 2014, 09:20:12 AM |
|
:O this is nuts ive never had no trouble here in the uk
|
|
|
|
sectuckwelic
Newbie
Offline
Activity: 2
Merit: 0
|
|
October 24, 2014, 07:52:00 PM |
|
This is why we love bitcoin there is no suspension there.
You had too many bitcoin wallet transfers this month! We're shutting down your bitcoin accounts! /s
|
|
|
|
ashe
Newbie
Offline
Activity: 56
Merit: 0
|
|
October 25, 2014, 05:54:17 AM |
|
theres limitations on transfers? wtf??
|
|
|
|
Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
|
|
January 29, 2016, 09:30:17 PM |
|
Well this seems to be back. I just received a letter from BOA asking about a single Coinbase transaction, sending $300 to them from my bank account. My account is frozen until I fill out the form. Reading these threads it seems they have 0 tolerance for BTC transactions.
|
|
|
|
HarryKPeters
|
|
January 29, 2016, 10:23:29 PM |
|
Well this is not something new. I know a friend had the same problem. It's really sad that banks can be so childish blocking their biggest competitor.
|
|
|
|
Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
|
|
January 30, 2016, 02:39:29 AM |
|
Yeah, this has me a bit bummed really, I thought this type of stuff was behind us. Now I am hesitant to link up another bank account, as they are a hassle to setup and get going and I need at least one open to pay my regular bills, lol.
|
|
|
|
Rubberduckie
Legendary
Offline
Activity: 1442
Merit: 1000
|
|
January 30, 2016, 07:44:46 AM |
|
I did a local bitcoin trade that used to accept bank deposits into his bank of america and he had about 10,000 in deposits from random people because he bought and sold but it set off a red flag and the bank closed his account to investigate. He ended up getting it back and they said he had to open a business account and state his business but to be safe he closed the account opened one elsewhere and now just meets up with people and avoids using the bank
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
January 30, 2016, 10:30:46 AM |
|
Well this seems to be back. I just received a letter from BOA asking about a single Coinbase transaction, sending $300 to them from my bank account. My account is frozen until I fill out the form. Reading these threads it seems they have 0 tolerance for BTC transactions.
I was wondering who brought this topic back but it looks like it is still relevant so good necro, it sucks that you got frozen because of it BOA probally only lets old accounts get away with it but its sad to hear its still an issue for some users in 2016. Perhaps Kraken would work out better Coinbase is strict on the KYC/AML. (Say Kraken cause my cavirtex account got nommed (merger) and I got converted to the Kraken legion recently which seems to do American accounts, I'll need to test deposits there but cavirtex never gave me an issue so i'm off to investigate myself)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
|
|
January 30, 2016, 09:03:25 PM |
|
Well this seems to be back. I just received a letter from BOA asking about a single Coinbase transaction, sending $300 to them from my bank account. My account is frozen until I fill out the form. Reading these threads it seems they have 0 tolerance for BTC transactions.
I was wondering who brought this topic back but it looks like it is still relevant so good necro, it sucks that you got frozen because of it BOA probally only lets old accounts get away with it but its sad to hear its still an issue for some users in 2016. Perhaps Kraken would work out better Coinbase is strict on the KYC/AML. (Say Kraken cause my cavirtex account got nommed (merger) and I got converted to the Kraken legion recently which seems to do American accounts, I'll need to test deposits there but cavirtex never gave me an issue so i'm off to investigate myself) Well that's the thing, I didn't mind the strict KTC/AML things Coinbase asked for, in fact I thought dealing with them versus some of the looser non-regulated exchanges would prevent this type of thing. I am not one of these guys trying to hide everything I do and thought dealing with the most legitimate exchange would be fine. The forms BoA sent are asking for a ton of questions on if I am a Money Services Business (MSB), which 99% of the form isn't even remotely connected to my situation. There is one spot asking if my business engages in virtual/digital cryptocurrency, which I assume is what they are targeting. I will call them again to see what all this entails, but I really don't feel like filling out a lengthy form asking for a lot of non-relevant information just to buy a few bitcoins a year. So right now I am torn between just letting them close the account, or filling out the paperwork on principle, because the other effect this is having on me is it is like they are making me feel like I am doing something wrong. The only thing I am hesitant of filling out the form, is at the end is explicitly states that submitting the form in no way guarantees that they will re-open the account, so it may all be a waste of time in any event.
|
|
|
|
babs1975
Full Member
Offline
Activity: 210
Merit: 100
★777Coin.com★ Fun BTC Casino!
|
|
January 30, 2016, 09:47:14 PM |
|
In the country I live, a gazette notice has been put up for anyone withdrawing a huge sum of money to declare the source of funds, reason and name of person sensing the money. They require so many details before releasing the transaction.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 30, 2016, 10:02:16 PM |
|
People who've been ravaged by UK banks will be able to bank with Fidor soon. By the sounds of it they haven't had faster payments set up yet but they've been very vocal about being crypto friendly. Hopefully we'll get some real live exchanges and businesses soon to.
|
|
|
|
BellaBitBit
|
|
January 31, 2016, 05:09:06 PM |
|
This is worrisome that it is still an issue. I have BOA and have not had issues yet but "knock on wood". Anyone else have anything to report and how old is your BOA account.
|
I love Bitcoin
|
|
|
Ossidalm
Newbie
Offline
Activity: 60
Merit: 0
|
|
January 31, 2016, 08:02:08 PM |
|
This is why we love bitcoin there is no suspension there.
You had too many bitcoin wallet transfers this month! We're shutting down your bitcoin accounts! /s That is the beauty of owning bitcoin accounts. Nobody can shut you down. You can have many many accounts.
|
|
|
|
moreporknz
Full Member
Offline
Activity: 212
Merit: 100
Ok, Who's hungry?
|
|
January 31, 2016, 10:45:39 PM |
|
I use Chase and opened a separate account just for it. I told the lady when I opened the account what it was for. Been just over a year now... I use itbit.com and my transactions show up as "ITBIT Trust Comp ITC ACH".
|
3 - 2 - 1 @ 220, the only way to go!
|
|
|
BTCBinary
|
|
February 01, 2016, 12:01:26 AM |
|
there have been people telling similar stories. MOst probably, the problem was PayPal. Since the deal involved bitcoins, PayPal could have sent an information to your bank making it suspend your account.
|
|
|
|
romero121
Legendary
Offline
Activity: 3234
Merit: 1214
casinosblockchain.io
|
|
February 01, 2016, 06:33:10 AM |
|
This happens, I too met with a related incident. My bank account didn't got blocked. Recently while making a trade with a local guy. I got the amount credited in my bank account. Recently I got to see a reduction of nearly 60$. I just got with them and asked for the reason. They replied its mark up fee as you have crossed a limited transaction.
|
|
|
|
bob123
Legendary
Offline
Activity: 1624
Merit: 2481
|
|
February 01, 2016, 12:02:08 PM |
|
In Germany its "Postbank" that suspends (or has been) accounts if you deposit to big exchanges. Its allways best to exchange bitcoin with cash.
Do you have any proof for that?
|
|
|
|
quadriple7
|
|
February 06, 2016, 05:55:28 PM |
|
banks dont like bitcoin system this is the main reason for it.
|
|
|
|
J710
Newbie
Offline
Activity: 40
Merit: 0
|
|
February 07, 2016, 10:22:07 AM |
|
How much is a "large" payment that brings a red-flag into wells fargo and bofa? How much of an amount buying and selling btc using circle/coinbase using wells fargo and bofa in the US?
|
|
|
|
|