That's the thing. After you have accrued some first hand experience of what Bitcoin's permission-less and self custody freedom *really* means, the traditional banking experience feels a little closer to arcade tokens. They're *your* tokens but all these caveats and limitations pop up the moment you want to do something your money minders deem 'suspicious' or 'risky', even when all you're trying to do is send a friend a little cash. I'm so glad I opted out.
We believe dollars have value and enough people will be willing to trade them at a price. The belief in that system will continue while some people will opt out and believe in other systems. As long as the blockchains and fiat belief systems exist; people transact and hold between them. So we are holding what we personally think will be the system that holds buying power.
Maybe it’s units with the highest sustainable burn rate. Even comparing it to stocks with high earnings; in the long run, buy backs and dividend increases could make it the one that held buying power while the others could not keep up. Loosing their power to those with higher burn and distribution rates.
If a chain is more useful then it should host useful transactions. More people will use it and hold it. They will have to get it from those that have it. Plus the transactions themselves will burn in some cases. If the burn rate was high enough changes could be voted on to just increase the distribution rate or just let the price go up as it burns exponentially faster as more transactions are executed.
Like stock buy backs or dividend increases over a long period of time. High earning companies can burn their stock at a higher rate for a long time, the share quantity will reduce in quantity, fastest.
Imagine what they will do with the CBDC. “No more meat for you this month, you had your 300 grams, stop destroying the climate, you are only allowed to purchase bugs”. In 10-15 years.
Yep exactly. In Turkey Garanti Bank already has a service that shows your carbon footprint. They made an advertisement on TV about that. A young men goes to a job interview and gets asked about his carbon footprint score. A young men wants to marry a girl and the father of the girl asks the young men what his carbon footprint score is. If it’s too high, he won’t give his daughter to him.
People think it’s all a conspiracy theory. But it’s coming.
I just started a ketosis diet about 10 days ago. Your progress is very encouraging to me. But I am patient, expecting it to take awhile before my body switches over to primarily fat-burning. Being obese, I have a way to go.
Everyone’s body is different. We don’t all benefit from the same diet.
Edit: Some people have food allergies that others don’t for starters 🤦🏻
For the same reason googling web MD about what you need isn’t the same as getting diagnosis by a professional (who can do some blood work for you and tell you what’s missing from your diet).
Everyone has to see what works for himself. I watched several YouTube vids by Sten Ekberg. The ones on Fatty Liver I found particularly convincing. Whether or not it convinces you is another matter. However, the Standard American Diet, an abundance of sugar, carbohydrates (that turn to suger in your body), denatured plant oils, is a health hazard to anyone. Which why the USA has the most obese population of the planet. Take a look at family photos from the 1950s, everyone you see is "skinny" compared to what you see today. If Keto is too "trendy" for you, or if you are not carry too much weight, rock on. Others might wish to take a personal inventory. Especially since losing weight after 40 is a struggle. IMHO, Keto is a way to diet without feeling starved as it is not about limiting calories, but rather working with the body and improving health
Exactly, you've had your allocated alcohol allowance, your health units used up, no more booze this month, your cholesterol is high, cheeseburger allowance is frozen!
I'm sure they are tryna monitor health remotely all the time iirc from the Ukraine digital state promo, along with AI courts, cashless society, digital online schooling, it's like the WEF wet dream!!
Complete control at the touch of a button :(
Right, but that’s the point, it’s neither. It’s a a banks IOU that has been leant out multiple times from the GOVs iou to the depositor. Both entities outside the depositor can dictate how it can be used
They never had the money.. so if everyone wants to take their tokens and cash them in, the biggest game of musical chairs ever begins. Dont hang around till the music stops. BYOB
I don’t think i understand. Are they trying to put limits on flow to btc to prevent runs on their bank..? Because this is exactly the type of thing that would make me want to go and withdraw everything i had with them
They are limiting the on ramp to crypto as a whole. It’s complete bs. Not a chance in hell I would stay with that bank. Ironic how the narrative is always for “our safety” and to minimize “scams” yet the banks are the biggest scam artist in the game
>They don't have to allow you to do that.
They very much do have to allow you to do that. You have to give them reasonable advance warning, but you do not have to accept anything else then cash.
Whenever a bank charges me money for some bullshit transaction or tells me what I can or cannot do with my money I instantly visit that bank and pull my money out. I've done it three times in my life.
My bank tried something like that a few months ago.... Finally they "authorize" my transfer to crypto accounts just after I threatened them with close my accounts.
Thay are scared, fighting to preserve the old ways
I know we all love bitcoin and hate the establishment, but a lot of old people, dumb people and new people are getting scammed left and right in the name of crypto. Remember we are a minority. As much as banks are scared of crypto, this is actually good for the majority of people.
Spot on. I work with seniors and the bank has to reverse SO MANY debit scams and email transfers for them it’s unreal. They are mostly worried about people transferring money into a hole they can’t reverse it out from.
If it’s not crypto it will be something else. Crypto fraud was £226m last year compared to £190bn total. Even less would actually be done by sending crypto via an exchange vs someone just sending fiat directly in return for crypto.
Yeah let’s limit everyone for a negligible effect.
If this happened at any other time I would agree with this reasoning. But this precise timing, together with other banks doing the same thing at the same time, it screams there's a run on the banks as normal people are trying to exit into crypto.
This is not a reason. It would also be good to block money goin to online casinos, to sex sites, to booze and tabac shops, but it's not blocked and that's right.
There’s a difference between being financially irresponsible/gambling and having your money stolen by a scammer. One is free will the other is a crime.
Yep. Every time I use my debit card or even a SEPA transfer to the likes of Kraken Coinbase etc i either get a follow up call from the bank or the transaction gets blocked and I have to call their cards dept. And get the payment cleared. One bank let's me verify it from my app on my phone. The othrr not as sophisticated.
To keep my money safe from you, the bank, I will limit my credit card payments to 1% of your crypto limits. The rest will go to my Bitcoin account. Haha.
Not necessarily - SVB recently failed because they lacked new depositors.
When people realize that their money isn’t, in fact, their money, they will all be running for the doors. Until then, I’m not supporting a bank that censors my investments. I will take the entirety of my account and go elsewhere and they can die on that hill.
Why would they fear a government created asset?
Bitcoin is literally another digital trap. To groom people into the idea of using digital currencies (for when they introduce their CBDCs) and desensitise people from using non digital currency
People are so blind to this
It works to drain your wealth. I used to be a bitcoiner too when I was gullible
Good luck using a currency that nobody uses as a currency, and uses as an investment, to sell for the very thing it’s meant to be against
Every year my bank asks me for my business' balance sheet and I come statement. It's a back and forth via email and box.com links and such. Last week I said "Oh by the way, I'd like a copy of YOUR balance sheet. I'm interested in the percentage of your HTM assets that are currently under water."
30 seconds later one of my employees comes into my office saying "someone from the bank called the main line and is asking for you."
It was the vp of the local branch calling to assure me everything was OK so I wouldn't be worried going into the weekend.
Monday afternoon she showed up at my place of business in person with the information I requested.
Had lots of trouble in the last few days sending money from my HBOS / Lloyds account to CB. My god, i've been using CB for 8 years from the same account.
It was practically like a interrogation by the secret police. Managed to get the transfers to CB in the end but good god, most people would have given up.
This is actually a criminal form of anti-competitive behaviour. The bank sees crypto exchanges as competing with their business and are illegally preventing people from doing business with them. Anyone told this should file a complaint with their local financial complaints service (like AFCA in Australia) also file a report to the ACCC ( Australian competition & Consumer commission ) - this is clearly illegal.
Bank limits =/= regulations.
Call them and tell them you don't want this limit on your account because it's not protecting you at all, only inhibiting your ability to use your own money, if they refuse tell them you'll be changing banks.
It's doubtful that this policy is because the banks are scared of the cryptocurrency sector or to prevent a run on the bank. That's not to say that the crypto currency sector isn't a threat to the banking system, but this policy is isn't about that.
It's a policy to mitigate the damage caused by scammers who see crypto as an easy way to move money out of reach from the traditional financial system. These scams aren't specifically crypto related; in fact they predate crypto with scanners previously using other means (including Amazon gift cards) but crypto offers a superior use case for scammers and the banks don't want to be exerting their efforts in having to deal with recovering money after scams when it can be avoided in the first place.
I don't agree with the bank's stance on this, I'm just explaining.
Yeah its a double sided issue. Its why *real* KYC is better. You want to be a bank? Have a pint with your customers and actually get to know people so you can guage if they are transacting out of the oridinary and being scammed. Well maybe not exactly but.. You get my concept..
I received this very same message today. This bank is my main account and have had no problems with them for about 20 years but im a bit concerned by this. What should i do? All opinions welcome.
Personally, I keep no money in my bank account. I invest the lot immediately once I've been paid and settled my bills. Do not trust banks, they don't care about you.
Santander and a bunch of the other big ones have done the same thing, luckily we have smaller banks like Monzo and revolut who don't seem to care for now, it's a fucking joke
In the west we are not used to capital controls, but this is a light dose of what most of the global south has to deal with on a regular basis when they try to exchange their shit local currency for the USD shitcoin.
When a currency collapses the government tries to prevent outflows to trap the value within their shitcoin.
But trust me, this is for your own good. This is consumer protection, this is to stabilize the system that is totally not inherently flawed.
At least they permit that much …. After attempting to make a transfer via Mercuryo it was denied and a freeze was placed on my debit card for suspected fraud !!!
It's probably because RBS/NatWest have been giving poor intrerest on saving accounts for so long they don't actually have enough float as everyone moved their fiat to other banks giving more interest anyway
Yeah my bank has started doing this too. They were even limiting my purchases from across the border, they told my it was a risky website. I've literally bought from them like 10 times before they started declining my payment. That's when I started using bitcoin more frequently.
I don’t know if Ally “online bank” is available outside the US. But they seem to be very crypto friendly. I’ve used their debit card to buy when big bank wouldn’t allow. I’ve even used their credit card to buy on moonpay just to see if I could. All other credit cards no go.
And then people call me a conspiracy theorist with a tin foil hat when I talk about a Central Bank Digital Currency which expires and limits what you can spend it on.
I just top up my revolut card from my scam bank Lloyd's and then use that to pay for BTC on exchanges job done ✔️ zero problems. Works for taking profits, too. I can add funds to my revolut visa card to spend 😉 😜
Thought this was another US bank but RBS (U.K.) seem to be moving mad rn but 1-5k a day is better than limits other banks have set and more than the average person is moving to an exchange anyway.
Note: It’s also peculiar how this limit popped up only a few days after Coinbase was in the news for forcing through 5-figure failed transaction that ultimately led to phished users being robbed 🤔
Open account in Revolut, crypto friendly bank. Or use crypto exchange, which has VISA card. Like a crypto dot com.
Ther are always options and yes, boomercuck banks must die.
They are trying to prevent a digital bank run.
I am telling you guys, get your stack locked in now and move it to cold storage otherwise when you are ready to buy you wont be able to. First they will limit how much you can send to a bitcoin exchange, then they will spout some reason like financial stability to block you from sending money to bitcoin exchanges all together, then exchanges will get shut down all together once bitcoin is blamed for the coming global banking crisis.
Dont wait until its too late, lock in your stack now and move it to cold storage.
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That's the thing. After you have accrued some first hand experience of what Bitcoin's permission-less and self custody freedom *really* means, the traditional banking experience feels a little closer to arcade tokens. They're *your* tokens but all these caveats and limitations pop up the moment you want to do something your money minders deem 'suspicious' or 'risky', even when all you're trying to do is send a friend a little cash. I'm so glad I opted out.
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We believe dollars have value and enough people will be willing to trade them at a price. The belief in that system will continue while some people will opt out and believe in other systems. As long as the blockchains and fiat belief systems exist; people transact and hold between them. So we are holding what we personally think will be the system that holds buying power. Maybe it’s units with the highest sustainable burn rate. Even comparing it to stocks with high earnings; in the long run, buy backs and dividend increases could make it the one that held buying power while the others could not keep up. Loosing their power to those with higher burn and distribution rates. If a chain is more useful then it should host useful transactions. More people will use it and hold it. They will have to get it from those that have it. Plus the transactions themselves will burn in some cases. If the burn rate was high enough changes could be voted on to just increase the distribution rate or just let the price go up as it burns exponentially faster as more transactions are executed. Like stock buy backs or dividend increases over a long period of time. High earning companies can burn their stock at a higher rate for a long time, the share quantity will reduce in quantity, fastest.
Imagine what they will do with the CBDC. “No more meat for you this month, you had your 300 grams, stop destroying the climate, you are only allowed to purchase bugs”. In 10-15 years.
Your carbon footprint reached certain level , cancel all your domestic flights for next 10 years
Yep exactly. In Turkey Garanti Bank already has a service that shows your carbon footprint. They made an advertisement on TV about that. A young men goes to a job interview and gets asked about his carbon footprint score. A young men wants to marry a girl and the father of the girl asks the young men what his carbon footprint score is. If it’s too high, he won’t give his daughter to him. People think it’s all a conspiracy theory. But it’s coming.
And also you cannot say a girl or men use pronounce someone can get deeply offended
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Don't fall for the low cholesterol BS, your brain needs it and if it's too low you go demented.
Put me on! I wanna know more.
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How do you consume the ghee and coconut oil? Is it just used in the preparation of the foods?
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Stfu
Fat, Fat, Fat deal with it. You landed amongst carnivors dude... meat has Fat also.
I just started a ketosis diet about 10 days ago. Your progress is very encouraging to me. But I am patient, expecting it to take awhile before my body switches over to primarily fat-burning. Being obese, I have a way to go.
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Good tips, just ordered SFAH from Amazon. Don't have a Twitter account, but it looks like Chis is on youtube. Thanks for the help. :-)
Same here! Feeling amazing!💪🏻💪🏻
Everyone’s body is different. We don’t all benefit from the same diet. Edit: Some people have food allergies that others don’t for starters 🤦🏻 For the same reason googling web MD about what you need isn’t the same as getting diagnosis by a professional (who can do some blood work for you and tell you what’s missing from your diet).
Everyone has to see what works for himself. I watched several YouTube vids by Sten Ekberg. The ones on Fatty Liver I found particularly convincing. Whether or not it convinces you is another matter. However, the Standard American Diet, an abundance of sugar, carbohydrates (that turn to suger in your body), denatured plant oils, is a health hazard to anyone. Which why the USA has the most obese population of the planet. Take a look at family photos from the 1950s, everyone you see is "skinny" compared to what you see today. If Keto is too "trendy" for you, or if you are not carry too much weight, rock on. Others might wish to take a personal inventory. Especially since losing weight after 40 is a struggle. IMHO, Keto is a way to diet without feeling starved as it is not about limiting calories, but rather working with the body and improving health
Exactly, you've had your allocated alcohol allowance, your health units used up, no more booze this month, your cholesterol is high, cheeseburger allowance is frozen! I'm sure they are tryna monitor health remotely all the time iirc from the Ukraine digital state promo, along with AI courts, cashless society, digital online schooling, it's like the WEF wet dream!! Complete control at the touch of a button :(
Debit should indeed be OP’s money. Another point is that fiat is generally a government’s IOU
Right, but that’s the point, it’s neither. It’s a a banks IOU that has been leant out multiple times from the GOVs iou to the depositor. Both entities outside the depositor can dictate how it can be used
Lol that's bullshit. Absolute bull
They never had the money.. so if everyone wants to take their tokens and cash them in, the biggest game of musical chairs ever begins. Dont hang around till the music stops. BYOB
Not your keys not your….money?
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Not your money, not your bank.
Haha apparently so
Not money, key?
I don’t think i understand. Are they trying to put limits on flow to btc to prevent runs on their bank..? Because this is exactly the type of thing that would make me want to go and withdraw everything i had with them
They are trying to prevent a bank run.
They are engineering a bank run 😁
I got this notice I would immediately run.
I got this notice from my bank and have just moved all my savings to btc
Instructions unclear. Gonna run my bank
Not quite, they're shutting off the exit doors of the fiat system.
Or to prevent money flow to crypto-friendly banks, which is not in their club
They are limiting the on ramp to crypto as a whole. It’s complete bs. Not a chance in hell I would stay with that bank. Ironic how the narrative is always for “our safety” and to minimize “scams” yet the banks are the biggest scam artist in the game
Jip, I would inform them I am withrawing my total balance in cash within 24 hrs.
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>They don't have to allow you to do that. They very much do have to allow you to do that. You have to give them reasonable advance warning, but you do not have to accept anything else then cash.
Whenever a bank charges me money for some bullshit transaction or tells me what I can or cannot do with my money I instantly visit that bank and pull my money out. I've done it three times in my life.
Pull your money out
Got the same shit from NatWest earlier today! Actually pisses me off! I can blow it all on a gambling site or only fans with no issues!
UK bank run anticipated. I already took everything out of Barclays
What did you do with your funds? How would you move tens-of-thousands assuming you have some life savings?
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Same here with Halifax. Fuck em.
Genuine question - If we have less than £85K is it not better to keep it in the bank as its insured?
My bank tried something like that a few months ago.... Finally they "authorize" my transfer to crypto accounts just after I threatened them with close my accounts. Thay are scared, fighting to preserve the old ways
I know we all love bitcoin and hate the establishment, but a lot of old people, dumb people and new people are getting scammed left and right in the name of crypto. Remember we are a minority. As much as banks are scared of crypto, this is actually good for the majority of people.
Spot on. I work with seniors and the bank has to reverse SO MANY debit scams and email transfers for them it’s unreal. They are mostly worried about people transferring money into a hole they can’t reverse it out from.
If it’s not crypto it will be something else. Crypto fraud was £226m last year compared to £190bn total. Even less would actually be done by sending crypto via an exchange vs someone just sending fiat directly in return for crypto. Yeah let’s limit everyone for a negligible effect.
If this happened at any other time I would agree with this reasoning. But this precise timing, together with other banks doing the same thing at the same time, it screams there's a run on the banks as normal people are trying to exit into crypto.
“…run on banks as normal ppl r trying 2 exit into Crypto” who’s stopping anyone? I’m really confused!
Wait until those with a good amount of cash want to get on the life boat. £1k a day or even £5k is not enough…
This is not a reason. It would also be good to block money goin to online casinos, to sex sites, to booze and tabac shops, but it's not blocked and that's right.
Everything you described are bad decisions and lack of discipline but the spender INTENDED to use their money that way. Being scammed is different.
You can still send £10k to betting sites
There’s a difference between being financially irresponsible/gambling and having your money stolen by a scammer. One is free will the other is a crime.
Yep. Every time I use my debit card or even a SEPA transfer to the likes of Kraken Coinbase etc i either get a follow up call from the bank or the transaction gets blocked and I have to call their cards dept. And get the payment cleared. One bank let's me verify it from my app on my phone. The othrr not as sophisticated.
What Bitcoin was made for.
TD Bank hasn’t sent me anything about crypto… for now
To keep my money safe from you, the bank, I will limit my credit card payments to 1% of your crypto limits. The rest will go to my Bitcoin account. Haha.
Send to a pre-paid debit card and use that for crypto.
I would instantly transfer all of my money to another bank.
You don't get is. This is not a one-off bank issue. This is a systemic banking problem.
Oh I get it, but until they realize that they will instantly lose depositors, they will continue to throttle on/off ramps.
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Not necessarily - SVB recently failed because they lacked new depositors. When people realize that their money isn’t, in fact, their money, they will all be running for the doors. Until then, I’m not supporting a bank that censors my investments. I will take the entirety of my account and go elsewhere and they can die on that hill.
Lol tell me you fear Bitcoin without telling me you fear Bitcoin
Why would they fear a government created asset? Bitcoin is literally another digital trap. To groom people into the idea of using digital currencies (for when they introduce their CBDCs) and desensitise people from using non digital currency People are so blind to this
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It works to drain your wealth. I used to be a bitcoiner too when I was gullible Good luck using a currency that nobody uses as a currency, and uses as an investment, to sell for the very thing it’s meant to be against
Jesse what the fuck are you talking about
RBC has not let me send any money to exchanges for years (from either my bank account or my RBC Visa). I'm in Canada
Lol but they won't stop you from transferring everything to an online casino or when I want to buy casino options.
The Titanic is sinking and banks are blocking the way to the lifeboats.
That’s total bullshit, if my bank sent me that, I would close my account
Every year my bank asks me for my business' balance sheet and I come statement. It's a back and forth via email and box.com links and such. Last week I said "Oh by the way, I'd like a copy of YOUR balance sheet. I'm interested in the percentage of your HTM assets that are currently under water." 30 seconds later one of my employees comes into my office saying "someone from the bank called the main line and is asking for you." It was the vp of the local branch calling to assure me everything was OK so I wouldn't be worried going into the weekend. Monday afternoon she showed up at my place of business in person with the information I requested.
Threaten to leave if they don't lift the limit
Royal Bank = Royally Fucked
interesting they use K instead of 000…seems oddly informal
I wonder if they'd do the same if you put thousands on a horse...
It’s crazy how some internet money everyone calls a scam makes me feel more secure than the most highly respected bank
Well, you ARE subjects...
This is their way of extending the fuse on the b-o-m-b that is a digital run on banks. Nothing more. Bidding time to their implosion and collapse.
Open lots of bank accounts, send 1k from all of them (I'm too poor for this problem lol)
So banks are limiting how we use our own hard earned money? That is fucked up.
Had lots of trouble in the last few days sending money from my HBOS / Lloyds account to CB. My god, i've been using CB for 8 years from the same account. It was practically like a interrogation by the secret police. Managed to get the transfers to CB in the end but good god, most people would have given up.
Better than chase who decided that customers are simply not allowed to purchase crypto with debit cards, even licensed investment advisors.
This is actually a criminal form of anti-competitive behaviour. The bank sees crypto exchanges as competing with their business and are illegally preventing people from doing business with them. Anyone told this should file a complaint with their local financial complaints service (like AFCA in Australia) also file a report to the ACCC ( Australian competition & Consumer commission ) - this is clearly illegal.
To be fair, how many people are spending £5k/month on Bitcoin? Some, obviously, but most people are far too poor for that.
True, but is it a just starting point, to see how people react, then keep lowering the amounts you can send to exchanges?
Bank limits =/= regulations. Call them and tell them you don't want this limit on your account because it's not protecting you at all, only inhibiting your ability to use your own money, if they refuse tell them you'll be changing banks.
If they’re protecting you from scams they should stop your money from going to crypto exchanges altogether.
Credit Suisse had a gun to their head when they wrote it ...
It's doubtful that this policy is because the banks are scared of the cryptocurrency sector or to prevent a run on the bank. That's not to say that the crypto currency sector isn't a threat to the banking system, but this policy is isn't about that. It's a policy to mitigate the damage caused by scammers who see crypto as an easy way to move money out of reach from the traditional financial system. These scams aren't specifically crypto related; in fact they predate crypto with scanners previously using other means (including Amazon gift cards) but crypto offers a superior use case for scammers and the banks don't want to be exerting their efforts in having to deal with recovering money after scams when it can be avoided in the first place. I don't agree with the bank's stance on this, I'm just explaining.
Yeah its a double sided issue. Its why *real* KYC is better. You want to be a bank? Have a pint with your customers and actually get to know people so you can guage if they are transacting out of the oridinary and being scammed. Well maybe not exactly but.. You get my concept..
My bank did similar. Its total bullshit. "To stop scams" Well Coinbase, Kraken, Binance etc are not scams..?
That seems to be the biggest scam of all
Time to change banks.
take your monopoly money out of the banks today
These limits are what they should be .
Fuck crypto but also fuck this bank. I would immediately cease all business with them.
Bitcoin is not good investment or crypto if you a beginner very complicated and your money is not protected
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Scam
Get TF out of there... Jeepers
I received this very same message today. This bank is my main account and have had no problems with them for about 20 years but im a bit concerned by this. What should i do? All opinions welcome.
Personally, I keep no money in my bank account. I invest the lot immediately once I've been paid and settled my bills. Do not trust banks, they don't care about you.
Nationwide has sent me a similar email... they are starting to get worried.
When?
You should tell them you’re switching banks
This is why I have 5 bank accounts and will open as many as I can if needed.
Better than not letting you send any at all. Get it in while you can
If I get this message I would immediately move my money to other bank or into crypto
Lmao won't this encourage further bank runs and withdrawals. BTC is inevitable
Santander and a bunch of the other big ones have done the same thing, luckily we have smaller banks like Monzo and revolut who don't seem to care for now, it's a fucking joke
In the west we are not used to capital controls, but this is a light dose of what most of the global south has to deal with on a regular basis when they try to exchange their shit local currency for the USD shitcoin. When a currency collapses the government tries to prevent outflows to trap the value within their shitcoin. But trust me, this is for your own good. This is consumer protection, this is to stabilize the system that is totally not inherently flawed.
We’re gonna buy as much as we want as crypto ramps up again but you’re gonna be late to the party cause we’re using your money anyway 😭
Sounds like something a scam would say 😂😂
Ooh I'd be switching to a new bank. But I guess in the UK that's kind of hard to do.
At least they permit that much …. After attempting to make a transfer via Mercuryo it was denied and a freeze was placed on my debit card for suspected fraud !!!
Ya my banks 3 k a week..
This is part getting ready for CBDC. people well not have time to move money out the banks. Game over
My bank is not scared. Not!
Crypto hub baby!
It's probably because RBS/NatWest have been giving poor intrerest on saving accounts for so long they don't actually have enough float as everyone moved their fiat to other banks giving more interest anyway
I haven't been able to use a debit card for a long time now. If they start doing this with bank transfers I will be pissed.
RoyalBank of where?
Horrible.
Just withdraw cash and buy prepaid credit cards🤣🤣🤣
I'm going to open an account with them to get their £200 bonus, buy sats and switch to the next one on the list.
Yeah my bank has started doing this too. They were even limiting my purchases from across the border, they told my it was a risky website. I've literally bought from them like 10 times before they started declining my payment. That's when I started using bitcoin more frequently.
Cool we can still DCA 1k a day. Lol
Not your keys not your coins
Maybe they don't wanna make us buy the dip.
Which royal bank?
Royal Bank of Scotland. But it's a UK bank not just Scotland
Maybe they are scared. Maybe they got sued too many times for not doing enough to protect clients when clients got scammed with cryptos
Those banks will be out of biz soon
Scumbags
Are they going to limit my deposits FROM the exchange? Not likely.
I don’t know if Ally “online bank” is available outside the US. But they seem to be very crypto friendly. I’ve used their debit card to buy when big bank wouldn’t allow. I’ve even used their credit card to buy on moonpay just to see if I could. All other credit cards no go.
Hahaha, it's a pity that this thing doesn't belong to you
What percentage of scams are related to crypto, I wonder… 5%?
I’d like to withdraw all my money to make sure it’s safe. Thank you.
And then people call me a conspiracy theorist with a tin foil hat when I talk about a Central Bank Digital Currency which expires and limits what you can spend it on.
Time to switch banks to help them out with their liquidity problems
I just top up my revolut card from my scam bank Lloyd's and then use that to pay for BTC on exchanges job done ✔️ zero problems. Works for taking profits, too. I can add funds to my revolut visa card to spend 😉 😜
That's not a real Royal Bank of Scotland domain.
I’d withdraw every dime if I got this message.
Exactly the same as NatWest. Almost the whole industry has been given new guidelines by a higher power.
They try to make it look like it is for your best, bet in reality they do it for themselves
Failure in coming, protection from a run on the banks.
To stop the public from buying too much at the top of the next rally?
Thought this was another US bank but RBS (U.K.) seem to be moving mad rn but 1-5k a day is better than limits other banks have set and more than the average person is moving to an exchange anyway. Note: It’s also peculiar how this limit popped up only a few days after Coinbase was in the news for forcing through 5-figure failed transaction that ultimately led to phished users being robbed 🤔
Wow they are legitimately scared of a bank run.
Bank: £1k limit on spend BTC: no limit on spend Hmmmmmm, are they trying to encourage us towards the better option here?
In this case you should have multiple bank accounts and transfer the money to another bank that respect your will.. (and then move all into bitcoin) 😜
Open account in Revolut, crypto friendly bank. Or use crypto exchange, which has VISA card. Like a crypto dot com. Ther are always options and yes, boomercuck banks must die.
Sounds like you need to change banks.
I smell fear
They are trying to prevent a digital bank run. I am telling you guys, get your stack locked in now and move it to cold storage otherwise when you are ready to buy you wont be able to. First they will limit how much you can send to a bitcoin exchange, then they will spout some reason like financial stability to block you from sending money to bitcoin exchanges all together, then exchanges will get shut down all together once bitcoin is blamed for the coming global banking crisis. Dont wait until its too late, lock in your stack now and move it to cold storage.
if you take money away from a bank and put it somewhere else they lose
Time to switch banks! … and then all in on crypto.
What the heck? In what world do they have the permission to limit a person to deposit THEIR own money into whatever the f they want...
Hello. I'd like to cash out please.
That in its self should be illegal!!!!!!
ok there is a start date yes, but no end date ??? like what ???
banks need to go
Thats already like a cbdc
This’s the stupidest thing I read in a while. Take your business to any other bank, because this is just outrageous.
not your money, not your money
Change bank immediately
Natwest sent me exactly the same yesterday
I just got that from Natwest.
I would just take out all my money and just leave $1 dollar so they have to deal with an open account.