Quote from: TheFootMan on March 05, 2014, 09:11:05 PM

Quote from: jamal01 on March 05, 2014, 08:48:42 PM

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 think the bank is just being risk-adverse. After all bitcoin associated businesses are a small amount of their total customer base, so they really don't care.

There really should be some kind of law against this. As long as an account holder is not under investigation by law enforcement where freezing of funds is considered necessary, or there has been a conclusion in a court of law that the account holder is engaged in criminal acts, then the bank should be obliged to provide banking services.

The banks have a monopoly on banking (duh), so basically shutting out people like this can ruin their entire business.

But I guess there's no countries where you can actually sue a bank to make them give you access to banking facilities?

Stop living in a lalaland and move out of your parents basement ....

Banks are private entities, they're not obligated under any law to provide you a service.

Banks shutting down acct isnt the same as freezing fund. They basically tell you to move your fund elsewhere and end relationship with you.