I've read somewhere that when using cash deposits for Bitcoins to not mention anything about Bitcoins at the bank or they could shut the account down. This sort of becomes a problem when the bank teller wants to know what you're making deposits for.
Is Buying Bitcoins At The Bank OK?
I've read somewhere that when using cash deposits for Bitcoins to not mention anything about Bitcoins at the bank or they could shut the account down. This sort of becomes a problem when the bank teller wants to know what you're making deposits for.
[7 Points] ibuydrugsonline:
[3 Points] dmnthrowaway122112:
You are just putting a down payment on clown school tuition.
[2 Points] ShulginsCat:
It's for my friend... Satoshi
[3 Points] jimmyd1987:
eh, the bank have no right to ask you what its for.
[2 Points] 30792581:
I've never been asked any questions by the teller whatsoever.
If you do get questions, just say that you're repaying some money that a friend lent you, or that you owe a cleaning fee to an old landlord, or any boring lie you feel like.
[2 Points] cindelle2:
I actually had something like this happen to me once. I was making a cash deposit using a vendor on LBC. Apparently this vendor must have been red flagged by their bank bc when i went to make the deposit the teller asked me if i knew who the account belonged to. She then asked me why i making the deposit and called a manager over.
After shitting my pants and having a mild stroke, I told the teller that the account belonged to a relative and it was to help pay a bill. It was the first thing that popped into my head in the heat of the moment. The manager completed a manual overide to allow me to deposit. When I later told the LBC vendor about the incident and he(she) replied saying that other customers were havng the same problem. that vendors was subsequently closed by their bank and im not sure if theyre vending anymore. Nerve wracking experience and the only one ive had.
[1 Points] shitterplug:
Tell them it's none of their fucking business unless it's over $10,000.
[1 Points] Theeconomist1:
Tell them you are buying porn. I imagine that would shut down the conversation.
Seriously though, tellers will pry. And there are certain banks I avoid b/c of the way I'm interrogated about what I'm doing and why I'm depositing money. I figure it has to do with accounts flagged with suspcious activity - they could think they are running a scam or some shit.
Anyway, buying bitcoins at the bank is LEGAL. Bank policy may be such that they will be dicks to you if they knew you were buying bitcoin. I simply don't tell. I don't give an excuse. I don't make up a reason. I am here to deposit $X in this account, can I have a receipt please. That's it. Beyond that, its none of their business. Their job is type the numbers in their machine, spit out a receipt, give it to me, and smile (optional). Fuck excuses. I don't make excuses. When you make an excuse you are acknowledging that the other person has control over you, kind of like making an excuse to Dad why you were late one night.
I don't even make excuses to cops for traffic tickets anymore. I take the ticket and contest it later and don't say a word except polite conversation. I don't make excuses up, fuck that. I'm not going to get off and again, its a power dynamic thing, at least IMO. I'm probably crazy too, so keep that in mind.
What gives the bank teller the right to know what you're spending your money on? If they ask (normally in a friendly way), either make up some bullshit or give them something so ridiculous they will think twice about asking the next guy.