I just spoke with Chase Bank Global Risk Department rep. This week I had six rejected wire transfers (to Unchained, Strike and Kraken). She told me that they would no longer allow me to wire transfer to these "crypto" platforms and that I have to find a different way to fund these accounts. Operation Chokepoint 3.0 alive and well and tightening at Chase Bank.

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It's their money. They can do whatever they want with it (in this system). The fact that they show it in their Internet banking as "your account" doesn't really change that.
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Joe 4 days ago
Wire whie you can. The chains are being put in place on fiats fundage
That is crazy! I understand it’s still going to take years before boomers and legacy companies to fully trust BTC, but shouldn’t they at least understand the difference between a BTC-only platform, that offers customers financial services to a digital, commodity asset versus a crypto-exchange platform dealing with 100’s of digital securities by now?…..is it due to lack of education in understanding difference in BTC/Crypto? Or is there still a lack of clear regulations framework for BTC? Or is it just easier to for them to lump BTC in with crypto so that they don’t have to bother learning about or dealing with any of it? To me, it just seems like they would be leaving a lot of $$$ on the table by not being able to pivot and adjust to what their customers want, the way Fidelity and a few others have already done. I’m just a 30 year old dude, who barely graduated high school and has zero experience in finance and/or banking so what do I know? 😅 I genuinely am curious, and would value to hear anyones opinion on this issue. I’m obviously a Bitcoiner, but generally have a hard time accepting conspiracy theories. I tend to believe most people (including politicians and business-men) are rational and make rational decisions, unlike most of my fellow Bitcoiners, 😁…..I will admit though, many conspiracy theories due actually end up true or atleast more true than I initially thought! Studying about Bitcoin has definitely taught me that!
If most banks catch you sending Zelle or wires non KYC to buy Bitcoin they close your account too. It's a big issue, especially as ATM limits get worse and worse and money order limits aren't increasing.
.'s avatar
. 4 days ago
I have never had any issue using local credit unions.
notstr's avatar
notstr 4 days ago
Keep trying different exchanges. Maybe it's a compliance issue with the exchange.
Jasper Hayes's avatar
Jasper Hayes 4 days ago
Canadian banks are also making it difficult to buy bitcoin.
On a personal level, and as a finance director in the bitcoin space I always like to work with bitcoin. It’s better for a bitcoin org/company to receive bitcoin. You never know if a wire transfer will be refused if you want to buy bitcoin. But you sure as hell can belive these filthy bankers will take your bitcoin if you want to trade it for fiat. They want your coins…stack harder! Ditch fiat where you can. Work for Bitcoin. Buy things with Bitcoin. View quoted note →
Kenay's avatar
Kenay 4 days ago
Less risk from bank perspective. Less manual reviews for user so payments go through.
Buddyintx's avatar
Buddyintx 4 days ago
After answering a litany of questions about trying to wire a large amount directly to Strike and River to fund my accounts there, this go around, I just wired a large sum to my alternate checking account then linked that alternate account to my Strike and River accounts. I then purchased BTC directly through Strike and River. No answering questions from my bank's "security" department. Easy peasey!
Yes, these incidents caused me to open other bank accounts, and Chase wouldn't approve my wires to those either (assumed to be a " Crypto Bank". Chase told me to fund my Strike/Unchained/Kraken separately, but won't send my funds to the other bank that will allow me to make those transfers...I can't get away fast enough.
Jerome Loman's avatar
Jerome Loman 4 days ago
Haven’t had issues yet but I don’t use these 3. Yesterday there was some sort of limit for instant ach, looked like a glitch.
Jamie's avatar
Jamie 3 days ago
Frustrating! If that happened to me, I’d be dropping the bank and going elsewhere.
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Sat 3 days ago
All of remaining Middle age mindset banks will soon enough give in to the power of network pressure
This is one of the things I like about having cash sitting on deposit at River, paying interest in sats. Every dip over the past week, I had cash on hand (it is my savings account) for buys. Strike is supposed to have this, sometime this year, with higher interest rates.
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Duvel 3 days ago
For me, this is to be expected and it will only get worse, and at some point impossible. Best strategy is to build networks to buy/sell bitcoin in-person for/with cash. It's the most resilient strategy.
Chad Lupkes's avatar
Chad Lupkes 3 days ago
Close all Chase accounts, withdraw all capital.
Chase also doesn’t allow @strike bill pay feature to pay off a chase CC. Doesn’t surprise me… I know @jack mallers always makes a good point that he doesn’t feel the need to compete with CC rewards companies by creating a strike card. It’s understandable, but who can we trust with our data. @jack mallers what cards do you use?
I never believed in those US-originated debanking stories... Until I was suddenly "de-credited" by my own bank, which I have been using for many years. No explanation was given. In f* Europe. I still want ti believe it's not related to my constant outflows to those firms (the names we all know).
I’m this close to moving direct deposit and thus primary checking to Fold, just need them to support check deposits as I still need that feature from at least a few times a year
Buy peer to peer through Peach or Hodl Hodl. Cut these melon farmers out of the loop.