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How to Cashout Wells Fargo to Bitcoin
all three of these sites offer the same service. They allow you to buy bitcoin with your bank account. All three are very similar but in this guide I use Coinbase as an example.
Wells Fargo Account To BTC ( Cashout Method )
sign up to Coinbase.com pretending you are the account owner of the Wells Fargo account. You will need a throwaway email account and burner phone number to register. Let’s say the account owner's name is Scarletta, email: Scarletta@gmail.com you sign up with this same details.
You'll have to verify your email so keep an eye on your inbox. When it arrives, click the verification link through the email to bring you back to coinbase.com. It will ask you to accept the terms of service… just sign the WF account holder's name and click submit.
Coinbase has 3 verification levels which determine how much you can withdraw per day. You start at Level 0 which just gives you access to a BTC wallet. If you want to withdraw/deposit money you’ll need to verify to Level 1. This requires you to verify a phone number and bank account. Google Voice numbers sometimes throw up a red flag to Coinbase so beware. Verifying the account to Level 2, or at least answering the security questions will help mitigate this issue.
To verify your bank account you will need the full account number and routing number.
Hopefully, you will be able to instantly verify your bank account by entering account details including username and password to Wells Fargo account. If this instant verification method fails, you will need to manually verify by allowing Coinbase to make 2 small deposits into the bank account. You will need to monitor the bank account for micro-deposits and enter these amounts on Coinbase. This takes 2-3 days.
Procedure To Get BTC through Bank
To prevent logging into Wells Fargo account over and over, signup for an account on mint.com using WF credentials. There you can monitor the account and be notified via email when the deposits are made.
To take things one level further, and give ourselves an even higher chance of making a successful purchase, let us verify the Coinbase account to Level 2.
Message @amdollar for the “Background Check and Credit Report” guide to get the security questions you will be asked when verifying the Coinbase account. Use the exact name, address, DOB, SSN for the WF account holder on Coinbase and verify the security questions. It will take 30 days from your first purchase to be Level 2 verified but Coinbase will trust that you are the real account owner since you passed their verification questions and will be less likely to cancel your buy Bitcoin orders.
Withdraw Limit and Flag Chances very Low
Keep your first withdrawal low (around $50) and the chances Coinbase will flag your transaction will be VERY low. After a successful first transaction, feel free to bump up the withdrawal to $100 and keep bumping it up after every successful transfer.
Tips for making successful withdrawals…
When buying Bitcoin, make sure you buy amounts that look like random purchases. For example, make purchases in amounts like $39.95 or $44.23 instead of $40 or $50. This will look less suspicious to the account owner if they notice the charge and there is less of a chance they suspect fraud and reverse the transaction.
Even though we are making small withdrawals initially, try to use accounts that have $1,000-$5,000. People with more money are less likely to be proactive when they see random charges. If they see the transaction, we are hoping they take a couple of days before they investigate and report it. This will give us enough time to receive BTC and transfer out of account.
Note: this same method might likely not work with some other bank logs
