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Ally Bank froze my account because I accept crypto as a contractor

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by COINS NEWS 98 Views

I'm a crypto developer and receive money for my contractor services through bridge.xyz, a company recently acquired by Stripe, so fully legit and compliant.

I started receiving payment months ago already, but only when I tried to pay my landlord they froze the wire transfer because it got flagged, then afterwards they started asking about the crypto payments.

I had to explain that Bridge is just a crypto>fiat service, but they still found it suspicious that crypto was used, so now they're doing a month long "investigation".

Luckily I didn't have much on the bank left. From now on I'll try to keep a minimal amount of money in banks as possible, try to use a crypto debit card for most expenses and maybe use a crypto bank (I had Juno but sadly they are part of the Synapse debacle, Tuyo seems promising)

submitted by /u/iamalex_
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