Post
Topic
Board Bitcoin Discussion
Re: Chase Bank to offer deposits for MTGox
by
eldentyrell
on 18/10/2011, 01:37:11 UTC
It isn't a transfer.

It's a cash deposit.

You can't "un-deposit" cash at a bank.

heh "un-deposit"... otherwise known as "withdraw".

I don't think you understand how this works.

You are making a cash deposit into MtGox's bank account.

Last time I checked, most reputable banks will not let you "withdraw" money from somebody else's bank account.  That's usually called a "bank robbery".

Maybe you know about some secret I don't?