Post
Topic
Board Economics
Re: List of Bitcoin Hostile (and friendly) Banks
by
MrHempstock
on 01/08/2013, 03:36:41 UTC

TD Bank                                              US                    https://bitcointalk.org/index.php?topic=189917.msg2794888#msg2794888
   
      

While I appreciate that I am cited as a source, I think that TD US should be put in an "unconfirmed" section or something along those lines. For one, my friends use TD. I do not, and thus don't know the full extent of their friendliness. They haven't had any issues, but I don't think that this qualifies as "Bitcoin friendly". Maybe someone could contact a representative and confirm that they are either supportive or at the very least neutral? If TD Canada is hostile then I doubt that they are truly friendly. There probably just isn't an official company stance either way.

I myself use Citizens Bank. I have done a few wires and even some debit charges (through Skrill) and initially I had some issues. I buy bitcoins pretty much every day, and only about every 3 out of 4 transfers would make it through without being rejected. This was very frustrating, so I called customer support each and every time it got rejected. The very first call had the representative saying that Citizen's "does not associate with these kinds of businesses" although I don't know whether they were referring to Skrill or any of the exchanges. The next two calls went the same way, although Citizens did not prevent me from using my bank account on any of the sites. Finally, on the fourth time it got rejected I got pissed, as the time before I had specifically requested that any bitcoin related money transfer go through. After arguing with the rep, I finally requested to talk to the fraud department directly. They were much more reasonable and explained that the customer service rep probably didn't know what she was talking about (lol) and that the reason that most of the transfers were rejected was because the recipient banks were foreign, and the constant purchases every day looked suspicious. They explained that Citizen's does not "associate" (not sure what exactly they mean by this) with these kinds of businesses but that they would not reject any more transfers or flag them as suspicious.

From this, it would appear that Citizen's is "friendly", but it seems more likely that they just don't care either way.

I had already quoted your post from the original thread and was going to politely ask if that was indeed the only reference to TD's friendliness, and then I read your above post lol. Beat me to it.

I wonder if credit unions would be a better starting place for us to find BTC-friendly $ institutions? They are all non-profit...