CIBC bank closes down my account for trading bitcoin - Cryptocurrency Reporters - A Light To Cryptocurrency World

Friday, 30 March 2018

CIBC bank closes down my account for trading bitcoin


CIBC bank closes down my account for trading bitcoinLet me start off by introducing my small business. I day trade on the well known exchange, localbitcoins. Today I recieved a call from cibc saying that my 2 week old account has been having ALOT of cash in and out flow. They asked me why this was so. (I'm a student, so they were confused on how this kid is having daily 5k+ in and out from the bank). I just told them the truth. I was trading btc. The lady on phone said okay and she said my account will be unblocked in a few hours.15 mins later, I recieve another call from CIBC (same lady) stating that after she discussed with her colleagues, my account will be closed down and I will have to exit the bank and find a new financial institution. I was like WTF. I had about 3k sitting in my account and I asked if I could withdraw it. They said not at the moment until further investigation. She kept throwing around the word "fraud" like I was doing some fucking drug deal or crime.So basically. My account is suspended and waiting to be closed . And I can't even withdraw my money.FUCK YOU CIBC.thanks for reading via /r/Bitcoin https://ift.tt/2E6rLiy

Let me start off by introducing my small business. I day trade on the well known exchange, localbitcoins. Today I recieved a call from cibc saying that my 2 week old account has been having ALOT of cash in and out flow. They asked me why this was so. (I'm a student, so they were confused on how this kid is having daily 5k+ in and out from the bank). I just told them the truth. I was trading btc. The lady on phone said okay and she said my account will be unblocked in a few hours.

15 mins later, I recieve another call from CIBC (same lady) stating that after she discussed with her colleagues, my account will be closed down and I will have to exit the bank and find a new financial institution. I was like WTF. I had about 3k sitting in my account and I asked if I could withdraw it. They said not at the moment until further investigation. She kept throwing around the word "fraud" like I was doing some fucking drug deal or crime.

So basically. My account is suspended and waiting to be closed . And I can't even withdraw my money.

FUCK YOU CIBC.

thanks for reading

Let me start off by introducing my small business. I day trade on the well known exchange, localbitcoins. Today I recieved a call from cibc saying that my 2 week old account has been having ALOT of cash in and out flow. They asked me why this was so. (I'm a student, so they were confused on how this kid is having daily 5k+ in and out from the bank). I just told them the truth. I was trading btc. The lady on phone said okay and she said my account will be unblocked in a few hours.15 mins later, I recieve another call from CIBC (same lady) stating that after she discussed with her colleagues, my account will be closed down and I will have to exit the bank and find a new financial institution. I was like WTF. I had about 3k sitting in my account and I asked if I could withdraw it. They said not at the moment until further investigation. She kept throwing around the word "fraud" like I was doing some fucking drug deal or crime.So basically. My account is suspended and waiting to be closed . And I can't even withdraw my money.FUCK YOU CIBC.thanks for reading

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