Post
Topic
Board Bitcoin Discussion
Re: RBC closed my commercial bank account for having Bitcoin related activities.
by
jamal01
on 05/03/2014, 20:48:42 UTC
Are you telling me that, if cavirtex sends me cash from bitcoins/litecoins mined... I can get my account closed ?

This would be total madness considering as someone who works full time, and deposits a steady income, has savings, mortgage and insurance with them...
My mining income is less than 5% of my work income...

It would be total madness.




No you wouldn't - receiving those payments from CaVirtex is fine. To be clear the OP had a BUSINESS account that was related to Bitcoins. In other words banks are denying Bitcoin-related companies an account at the bank.

I used to have people do cash deposits from localbitcoins - I was told I cannot do this but the direct deposits from cavirtex are fine.