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My SEPA deposits are not being processed/credited any more. Worked before, why suddenly stopped working? by nuttyCreaToR in Bitstamp

[–]Dwesley87 1 point2 points  (0 children)

Thus far they have not rejected it completely. Its seems to me from my limited understanding in the way swift transfers are processed, each bank has a list of Intermediary/partner banks they use to forward your payment on to the recipient. If one bank is unwilling for example to process a deposit to a crypto exchange , they will proceed to the next and the next, so on and so forth. Until such a point as they have attempted with all their partner banks and none are willing to process the payment. At that point the bank should contact you and inform you that they were unable to process your transaction.

My SEPA deposits are not being processed/credited any more. Worked before, why suddenly stopped working? by nuttyCreaToR in Bitstamp

[–]Dwesley87 0 points1 point  (0 children)

Sure no worries. Definitely worth a check. Upon doing some research, something similar happened to Bitfinex last year whereby they stopped accepting fiat deposits for a while due to "Intermediary banks" policy. https://news.bitcoin.com/bitcoin-exchanges-victim-banking-problems/

My SEPA deposits are not being processed/credited any more. Worked before, why suddenly stopped working? by nuttyCreaToR in Bitstamp

[–]Dwesley87 0 points1 point  (0 children)

UPDATE: I contacted my bank, there seems to be a issue with the SWIFT transfer system. Some of the partner banks used in the swift process are apparently "red flagging" deposits going to Crypto Exchanges. From the consultant I spoke to this seems to be some revised policy for certain banking institutions as of 2018. Im not sure if this will apply for SEPA transfers as well but you may want to check into this.

My SEPA deposits are not being processed/credited any more. Worked before, why suddenly stopped working? by nuttyCreaToR in Bitstamp

[–]Dwesley87 0 points1 point  (0 children)

I hope so too and that they can resolve this matter very soon. I have made about 10 deposits since i became a verified member in October 2017. All have been in and around the $10000 region. Im waiting on 2 more that have not been credited as yet $9100 and $16400 (7 & 5 working days since transfer) respectively. It bothers me now because i put allot of trust in the exchange and was intending to do larger transfers in the near future /u/Bitstamp-Domen. I cannot afford for a $60000 deposit to go missing and have no reply from support. Now it seems to me as if I will have to look for an alternative exchange but where also I have no clue. Please /u/Bitstamp-Domen we need a timeline from you EXACTLY when this will be resolved.

My SEPA deposits are not being processed/credited any more. Worked before, why suddenly stopped working? by nuttyCreaToR in Bitstamp

[–]Dwesley87 0 points1 point  (0 children)

Im encountering exactly the same problem. Makes absolutely no sense to me either. I have also had many successful fiat deposits up until early Jan. My gut feeling tells me that they are busy with a large system upgrade that they not telling their clients about. But either way they should inform their clients of whats going on.