Quote from: colinistheman on July 07, 2014, 12:18:56 AM

Thanks Deebo.

I would be using coinbase.com unless there is a better alternative at the time. As per your advice, I will definitely ask my bank before I do it. I just wonder if they ask me what it's from and I tell them from selling digital currency/property, if that will make any difference? or raise additional flags? I don't want my bank account shut down or frozen or anything. Maybe this is not realistically going to happen, which would be good.

Does anyone have any experience with withdrawing large dollar amounts to their bank account with coinbase?

Your bank account is linked to coinbase, right? You're not holding bitcoin elsewhere in an "offshore" account, right, so you're not using an actual wire transfer? If you're just dealing with Coinbase then your bank will see where the funds came from and you should check with your bank what their policy is on bitcoin. My bank was opposed to bitcoin and accepted the coinbase transfer one time only and I was warned not to do it again.