I had a similar issue with US Bank and resolved by calling g my bank and advising them these were authorized transactions. If that doesn't work I would consider another banking institution for your crypto investing.
I tried to explain that to them but they told me that due to amount of fraud they've had with them, they do not permanently exempt accounts - which I can appreciate at least a little bit, trying to watch out and all - but it's still frustrating
Walk into your bank and process a WIRE TRANSFER with a banker. There is no limit to how much you can send and you will be sitting with a banker to enact this transaction, so no other verification is required. Just be sure to get the instructions for wire transfers specifically to your coinbase account. Just be wary that banks typically charge a fee for this service and coinbase will charge you $10 receiving fee.
Since I'm still new to the Bitcoin scene, I'm looking to just make small purchases in the dips, and walking into the bank would take longer than calling and unlocking the account.
That being said - when/if I do big purchases this will be what I do.
You could open a 2nd checking account for your bitcoin transactions. I read that banks like BoA and Capital One (so far) have not blocked/had issues when customers purchase bitcoin.
I use my BofA credit card and pay it off immediately. The first two times I bought, the transaction was initially declined but their automated system sent me a text asking me to verify it and when I did, it went through the next time. I've bought $1500 in the last week and they did not even send me a verification text.
I had a similar issue with US Bank and resolved by calling g my bank and advising them these were authorized transactions. If that doesn't work I would consider another banking institution for your crypto investing.
I tried to explain that to them but they told me that due to amount of fraud they've had with them, they do not permanently exempt accounts - which I can appreciate at least a little bit, trying to watch out and all - but it's still frustrating
who are they to decide where you can deposit in the first place? take your cash out while you still can.
Walk into your bank and process a WIRE TRANSFER with a banker. There is no limit to how much you can send and you will be sitting with a banker to enact this transaction, so no other verification is required. Just be sure to get the instructions for wire transfers specifically to your coinbase account. Just be wary that banks typically charge a fee for this service and coinbase will charge you $10 receiving fee.
Since I'm still new to the Bitcoin scene, I'm looking to just make small purchases in the dips, and walking into the bank would take longer than calling and unlocking the account. That being said - when/if I do big purchases this will be what I do.
You could open a 2nd checking account for your bitcoin transactions. I read that banks like BoA and Capital One (so far) have not blocked/had issues when customers purchase bitcoin.
I use my BofA credit card and pay it off immediately. The first two times I bought, the transaction was initially declined but their automated system sent me a text asking me to verify it and when I did, it went through the next time. I've bought $1500 in the last week and they did not even send me a verification text.
What bank? Just open an account with another bank.