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Moving money from a business account to personal account.
 

Please would I have any problems with my bank if I frequently move money from my business bank account into my personal account? Please I'm already aware of the tax implications, my question is about how my bank will view this. I currently sell BTC via both PayPal and cash deposits into my bank accounts, however I'm looking for a way to send those funds via wire transfer to a BTC exchange to purchase BTC. Most BTC exchange want the deposits in your name or will have you apply for a institutional account with so much unrealistic requirements. So I'm thinking about transferring funds from my business bank account to my personal account to make the BTC purchase.

Re: Moving money from a business account to personal account.
 

I don't see why your bank would have an issue with you sending money from a bank account to a personal account

Re: Moving money from a business account to personal account.
 

Well the business bank accounts allows for larger cash deposits unlike a personal account. For example, chase bank doesn't allow cash deposits into a personal account but does for business account. Worried they might ask why I'm moving funds in that manner and close all my accounts.

Re: Moving money from a business account to personal account.
 

Why not ask them if they would have an issue with it?

Re: Moving money from a business account to personal account.
 

Best to ask the bank directly OP

Re: Moving money from a business account to personal account.
 

[quote=JamesNorth101;844764]I don't see why your bank would have an issue with you sending money from a bank account to a personal account[/quot

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