Which Bank in Ireland is the most economically illiterate?

cryptocurrency

Don't like large deposits, don't like deposits to or from crypto exchanges, don't like mortgage applications even with a LTV of 26% even when admitting you can clearly afford it and your credit is fine but it's 200 miles from your work. Closing accounts because they have too much money in them.

We bailed these morons out remember.

Pmacv1

cryptocurrency wrote: »

Don't like large deposits, don't like deposits to or from crypto exchanges, don't like mortgage applications even with a LTV of 26% even when admitting you can clearly afford it and your credit is fine but it's 200 miles from your work. Closing accounts because they have too much money in them.

We bailed these morons out remember.

The Central Bank. **** flows downhill.

Ronaldinho

cryptocurrency wrote: »

Closing accounts because they have too much money in them.

Did this happen to you?

cryptocurrency

Ronaldinho wrote: »

Did this happen to you?

That is not for discussion here. I am stating fact when I say they write to people and demand they close their account in 7 days and remove the money.

Kermit.de.frog

Dunno OP, this topic appears at first glance, to be rather advanced for After Hours discussion. Could be wrong.

Ronaldinho

cryptocurrency wrote: »

I am stating fact when I say they write to people and demand they close their account in 7 days and remove the money.

Prove it.

Salary Negotiator

The sperm bank. I’ve only ever been able to make a deposit, withdrawals aren’t allowed apparently.

Disgraceful.

cryptocurrency

Ronaldinho wrote: »

Prove it.

I would say if you know anyone in one of the major banks and asked if this is done then you will have your proof. What are you looking for on after hours? scanned letters?

Ronaldinho

cryptocurrency wrote: »

I would say if you know anyone in one of the major banks and asked if this is done then you will have your proof. What are you looking for on after hours? scanned letters?

Just seems a bit outrageous is all. I call BS.

cryptocurrency

Ronaldinho wrote: »

Just seems a bit outrageous is all. I call BS.

Call what you like, it would not take you long to find out this is not BS.

Bank writes letter asking about funds, not satisfied write out of the blue months later a demands 7 day closure. Move funds to other irish bank.

ytpe2r5bxkn0c1

cryptocurrency wrote: »

Call what you like, it would not take you long to find out this is not BS.

Bank writes letter asking about funds, not satisfied write out of the blue months later a demands 7 day closure. Move funds to other irish bank.

That's because of potential money laundering. As you know.

SafeSurfer

Bottle Bank

dxhound2005

cryptocurrency wrote: »

Don't like large deposits, don't like deposits to or from crypto exchanges, don't like mortgage applications even with a LTV of 26% even when admitting you can clearly afford it and your credit is fine but it's 200 miles from your work. Closing accounts because they have too much money in them.

We bailed these morons out remember.

We guaranteed the deposits of those who held money in the banks, and bailed out those who had mortgages from them and were unable to make their repayments. Those who wanted to burn the bondholders were the morons, as everybody would have perished in the fire.

Crypto is not legal tender. They are doing the right thing by not engaging with it.

ytpe2r5bxkn0c1

River banks.

Tangatagamadda Chaddabinga Bonga Bungo

Going by your username OP it seems like the bank doesn't want anything to do with cryptocurrency.

ytpe2r5bxkn0c1

Tangatagamadda Chaddabinga Bonga Bungo wrote: »

Going by your username OP it seems like the bank doesn't want anything to do with cryptocurrency.

Could you blame them?

JohnnyFlash

Banks don’t want ‘crypto bros’ as customers. Bitcoin is widely used for money laundering purposes. Crypto is also used for wild speculation (known as gambling). Gamblers don’t get mortgages.

Not unique to Ireland, dude. Crypto is the sort of thing the banks can do without.

cryptocurrency

dxhound2005 wrote: »

We guaranteed the deposits of those who held money in the banks, and bailed out those who had mortgages from them and were unable to make their repayments. Those who wanted to burn the bondholders were the morons, as everybody would have perished in the fire.

Crypto is not legal tender. They are doing the right thing by not engaging with it.

You sound like you work for them. Banks were private institutions, the bonds were often unsecured and capitalism, if we were capitalist would have meant they crashed and burned.

Also you seem to have glossed over so much with your explanation of what the taxpayer ponied up for.

cryptocurrency

dxhound2005 wrote: »

We guaranteed the deposits of those who held money in the banks, and bailed out those who had mortgages from them and were unable to make their repayments. Those who wanted to burn the bondholders were the morons, as everybody would have perished in the fire.

Crypto is not legal tender. They are doing the right thing by not engaging with it.

Man shows deposit to exchanges years ago and now wants to withdraw substantially more from same exchange years later.


The funds didn't do much else other then make gains inbetween. Most normal banking nations take the deposits fine.

cryptocurrency

JohnnyFlash wrote: »

Banks don’t want ‘crypto bros’ as customers. Bitcoin is widely used for money laundering purposes. Crypto is also used for wild speculation (known as gambling). Gamblers don’t get mortgages.

Not unique to Ireland, dude. Crypto is the sort of thing the banks can do without.

It's actually quite unique

dxhound2005

cryptocurrency wrote: »

Man shows deposit to exchanges years ago and now wants to withdraw substantially more from same exchange years later.


The funds didn't do much else other then make gains inbetween. Most normal banking nations take the deposits fine.

Get a mortgage from the Crypto people.

cryptocurrency

dxhound2005 wrote: »

Get a mortgage from the Crypto people.

Actually I have closed that gap with one of them. It will be bought outright without them.

dxhound2005

cryptocurrency wrote: »

Actually I have closed that gap with one of them. It will be bought outright without them.

Are you going to commute 400 miles a day?

cryptocurrency

dxhound2005 wrote: »

Are you going to commute 400 miles a day?

Nah, just weekends, like much of the country.

Except I don't rent here either.

dxhound2005

cryptocurrency wrote: »

Nah, just weekends, like much of the country.

It seems like an economically illiterate approach to try to get a mortgage when you had the funds to buy it outright. Even in these ultra low interest rate times.

cryptocurrency

dxhound2005 wrote: »

It seems like an economically illiterate approach to try to get a mortgage when you had the funds to buy it outright. Even in these ultra low interest rate times.

Nah I was 26% short and mortgages were a lower interest rate then personal loans. It's logical.

sabat

Cryptocurrency enthusiast who accuses banks of being economically illiterate literally doesn't know the meaning of the word economics...
Did you mean "financially" op?

Capt'n Midnight

Which Bank in Ireland is the most economically illiterate?

Not this one https://www.independent.ie/irish-news/blood-bank-sells-surplus-plasma-to-raise-800000-26622199.html

cryptocurrency

sabat wrote: »

Cryptocurrency enthusiast who accuses banks of being economically illiterate literally doesn't know the meaning of the word economics...
Did you mean "financially" op?

Man picks holes in spelling on internet. Get up champ, I know you are hurt but get up.

cj maxx

Salary Negotiator wrote: »

The sperm bank. I’ve only ever been able to make a deposit, withdrawals aren’t allowed apparently.

Disgraceful.

You must have some 'wad' deposited by now !