Banks are scared HODL on!

in cryptocurrency •  7 years ago 

So I have been scaling in to my positions weekly over the last month during this dip. I have been withdrawing funds from a bank account I set up when I started my current job and have set aside 10% of my income for investing for the last 4 years. Today a few hours after making another transfer to Coinbase I get a call from my bank. In the name of fraud protection the woman from the bank started in with some questions.

The first one was "We have noticed alot of large transfers coming out of your account lately, were you aware of this?"
To which I simply answered "Yes Mam I am aware of all the transfers" At this point I though the conversation would be over, but no.

The next question she asked was "How often do you look at your accounts?"
"Weekly" I answered. Then I tried to end the conversation by stating that I was thankful for the text message alerts I get when a large transaction happens in my account. Which when you think about it would eliminate the reason for this call in the first place because I have to acknowledge the text with "Yes" it was me or "No" it wasn't.

Now here is where it really got interesting. She proceeded with "Can I ask you where you are sending all of these transfers?"
To which I replied "Another account"

She then asked "Can I ask what kind of interest rates your getting in that account?" I was thinking of saying something like "Moon Rates" However I simply said "No I would not like to disclose that"

She then proceeded to tell me that I had a lot of benefits available to me with my money in their account. Blah Blah I just said "thank you and told her to have a great day"

I am sure they are aware where my money is going even though I transfer from that bank to another account that offers lower wire fees, I also use my card with this bank to DCA frequently.

I know this woman was just doing her job to protect me from fraud, but the fact that the her questions went to another almost probing level made me think a little bit. I wouldn't be surprised if banks have started to take note of customers who are transacting with Coinbase and other exchanges. I know the credit card companies are because they are charging cash advance fees to buy on Coinbase. Just another thing to reassure you that even in the face of this big market dip Bitcoin and Cryptocurrency are making waves in the traditional financial sector.

HODL! To the Moon!
Take er' Easy
Ryan

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