Bitcoin friendly banks?

[GreedyArrowBit]

Is there such thing in existence I keep seeing on localbitcoins people saying dont reference bitcoin in any way because they fear that the bank will close their account

[1715000464]

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[bgibso01]

Is there such thing in existence I keep seeing on localbitcoins people saying dont reference bitcoin in any way because they fear that the bank will close their account

I have a really good relationship with my local bank and have not had any issues.  My account is set up as Bitcoin Mining Company, LLC and I've run over $100k through it last year without issues.

[Lethn]

There's actually a list somewhere of Bitcoin friendly and unfriendly banks, one thing you would need to do I think is give them a warning about any high amount of money being transferred to and from your accounts so they know about you. It should be noted though that you do not actually ever own the currency in your account they own it and they can do pretty much whatever they like with it.

I did have a chat with an agent at Euro Pacific Bank and they seemed alright with Bitcoin, plus Peter Schiff is accepting Bitcoin for euro pacific metals if you ever want to buy some gold and silver, I plan on opening account with those guys.

[Baitty]

Most banks are against bitcoin but the uk seem to be friendly and most uk banks are too.

[1Referee]

Where I live it's a bit mixed.

A few banks see it as something that can evolve into something useful.

And others just try to ban every transaction related to Bitcoin.

I tend to say it's 50% ignorance and 50% not willing to change the current way of working.

[bornil267645]

Bitcoin is already banned here in Bangladesh, by the Central Bank of Bangladesh. So not much to say about it. Hopefully they can allow bitcoin and we can have some use of our bitcoin here in Bangladesh.

[LiteCoinGuy]

There's actually a list somewhere of Bitcoin friendly and unfriendly banks, one thing you would need to do I think is give them a warning about any high amount of money being transferred to and from your accounts so they know about you. It should be noted though that you do not actually ever own the currency in your account they own it and they can do pretty much whatever they like with it.

I did have a chat with an agent at Euro Pacific Bank and they seemed alright with Bitcoin, plus Peter Schiff is accepting Bitcoin for euro pacific metals if you ever want to buy some gold and silver, I plan on opening account with those guys.

yep, he has to search.

[coinz19]

The Bitcoin friendly banks are not usually central banks. For too political!

[pawel7777]

There's Fidor Bank, officially bitcoin-friendly, but I think it's only for German residents.

They partnered-up with Kraken

http://about.all4btc.com/fidor-dream-bank-bitcoin/

[countryfree]

Your bank doesn't need to know you're doing anything with BTC. I haven't told mine, and they'll never find out.

[coinz19]

I agree with many people here that you should never share any info about your Bitcoin activity with your bank.
They simply can't be trusted.

[caga]

I agree with many people here that you should never share any info about your Bitcoin activity with your bank.
They simply can't be trusted.

They actually go about banning accounts at times if they find out you are involved with bitcoins and transactions involing it.

[Jamie_Boulder]

Banks are extremely competitive these days, you'll find one no matter where you live.

Unfortunately I can't go into specifics as I don't know where you live.

[Netnox]

Dutch banks are pretty friendly to Bitcoin

[GigaBit]

I don't use banks... fuck'em all.

Gold, Silver, Bitcoin.

In other words, I'm a pirate...

Thar they blows!

[broken8]

bitcoin really friendly banks ,cause in my country if you want to make an account you must show you'r id card that so difficult, but with using bitcoin i can spend my money save and easy

[kolloh]

I found the thread discussing the list of banks here:
https://bitcointalk.org/index.php?topic=264679.0

It is probably more likely that high volumes of money being transferred in and out will set off red flags rather than anything specific to bitcoin.

[MCHouston]

If your in the USA, I have asked several works and all the major banks I asked are hostile.

Your best bet is to go credit union, here is one that is friendly to bitcoin https://internetcreditunion.org/

[AdvancedProtocol]

Your bank doesn't need to know you're doing anything with BTC. I haven't told mine, and they'll never find out.

if trading with large amounts and you havent notified your bank that you will be doing so they can terminate your account with no reason given at all.