If in case you have a checking account linked to Coinbase that was linked manually as an alternative of utilizing instantaneous verification aka Plaid, Coinbase has unlinked it. Right here’s the textual content of the reply I acquired once I requested why it occurred.
“As a part of our continued effort to make sure the protection and safety of our clients, we’re updating the cost methodology linking system for all banks that assist instantaneous verification system (Plaid). Any buyer financial institution accounts that assist Plaid will now not be allowed to make use of the older, take a look at deposit methodology.
For these clients whose financial institution accounts have already been unlinked from their Coinbase account, we perceive this may occasionally have brought on some confusion. Your checking account will have to be relinked utilizing our instantaneous verification system to make sure your cost methodology makes use of the most secure, most dependable service.
In case your present checking account is supported by Plaid, however your financial institution was initially linked by way of take a look at deposit, please bear in mind that your account could also be unlinked within the close to future to assist instantaneous verification.
For relinking a Plaid supported checking account, you possibly can confirm your account by getting into your on-line banking credentials with the moment verification course of – chances are you’ll both full this throughout a Purchase or Deposit, or by navigating to your Settings > Fee Strategies in your Coinbase account.”
I’m executed. The rewards are minuscule at this level already and I’d thought-about dropping them however this was the final straw.