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Is it possible to deposit a check by phone using a bitcoin account at TD Bank?

avatarred cabarcasDec 27, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to deposit a check by phone using a bitcoin account at TD Bank. Can I simply take a picture of the check and have the funds deposited into my bitcoin account? Is this a service that TD Bank offers?

Is it possible to deposit a check by phone using a bitcoin account at TD Bank?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is possible to deposit a check by phone using a bitcoin account at TD Bank. TD Bank offers a mobile banking app that allows you to deposit checks by taking a picture of the check. However, it's important to note that the funds will be deposited into your TD Bank account, not directly into your bitcoin account. You can then transfer the funds from your TD Bank account to your bitcoin account if you wish.
  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, TD Bank does not currently offer the option to deposit a check by phone using a bitcoin account. However, there are other banks and financial institutions that do offer this service. It's worth checking with your bitcoin wallet provider or other banks in your area to see if they have this feature available.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the field of digital currency, I can confirm that TD Bank does not support direct check deposits into a bitcoin account. However, there are alternative methods to convert your check into bitcoin. You can deposit the check into your TD Bank account and then use a cryptocurrency exchange like BYDFi to convert the funds into bitcoin. This process may involve additional fees and steps, so it's important to research and understand the process before proceeding.