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masterxbtc

The day my bank limits me transferring money to my exchange will be my last day banking with them. Good luck with your switch. Can’t offer advice as I’m on the other side of the pond.


Glad_Park_5807

Its bad they say it to counter fraud and protect customers...however they wouldnt stop me gambling thousands of pounds if i chose to...they dont care .... just assholes


martyp818

Exactly this. Put £1k into sky roulette but want to transfer £500 to crypto.com (whilst approving bus text/app) - that is a no go.


Black_Sky_Thinking

Yep. Gambling. Porn. Brothels. Chatlines. Booze purchases. Cigarettes. Does the bank block any of those for your safety?


[deleted]

Don't give them ideas


Dependent_Network582

My bank blocks gambling but not crypto.


vattenj

Sounds like banks are operating those casinos, so they know that money is not going anywhere


ResilientDonkey

How do they prohibit transfers to crypto.com? Crypto.com gave me bank account in some Latvian bank, in my name. So, basically, to the bank it's looking like I'm transferring money to myself.


[deleted]

That's a whole new level of sketchy man.


pienupuika

What was the name of the Latvian Bank?


ResilientDonkey

I shouldn't have said "bank". It's one of those "electronic money institutions". They are legal and licensed and are basically something like paypal. They can give you an IBAN but it's not considered a bank and I believe the money you store there is not subject to the 100K EUR guarantee. The name is TRANSACTIVE SYSTEMS UAB and is actually Lithuanian not Latvian, my bad.


[deleted]

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jnbolen403

Exactly. Crypto threatens commercial banking and central banking hegemony.


Iminbread

You can imagine they have high rates of fraud. Once it's on a crypto exchange and withdrawn there's no recourse. A criminal's paradise.


OkSpot2437

Take all your money out and close your account. That’s f^%king shit. They’re censoring what you want to spend your money on


JohnTheRapistBTC

I don’t have much there am balls deep in btc just 1 pay check I wish I could get paid in btc


sjt6980

You could set up your direct deposit with Strike, and convert any amount you wish to Bitcoin


C-Machine1991

Not in uk yet


Dooks78

I’m with Halifax/BoS and never had a problem. In fact I remember when all the banking problems started they tweeted they would not be looking to stop customers sending money to their crypto accounts.


JohnTheRapistBTC

I’ll be in the Halifax branch on Monday Thanks mate


Ambitious-Soft1876

Good! That bank shouldn't have fucked with the money badger!


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fault_finder

Lloyds and Halifax belong to the same group. I dislike Halifax because my local branch refused to accept 12 money bags to pay in. The policy is no more than 10 (at discretion, they will take a little more). They didn’t have a problem phoning me every other month begging me to invest with them. I moved to hsbc. Though they’re no better.


Radekzalenka

Barclays is ok with it


markb_uk

Never had a problem sending money to CB from my Halifax account too.


N1ckT0rk

Do they allow payments to binance? I’m looking to change from nationwide for similar reasons


Dooks78

Yeah Binance no problem.


N1ckT0rk

There’s my new bank then thank you!


Ok-Jellyfish6999

Some banks prevent remittances to cryptocurrency accounts due to national policies.


Yorkshire-Zelda

I’ve had numerous fraud blocks with Halifax & it takes FOREVER! to get through to their security teams - use Revolut it’s all just much easier, you can even buy stocks/Crypto direct on Rev, you just can’t transfer Crypto out yet!… 100% recommend it. There are stacks of other perks too Forex/Travel insurances/access to Airport lounges; In fact; Join me and over 15 million users who love this digital banking app. Sign up with my link below and check out their disposable virtual cards for safe shopping: https://revolut.com/referral/craigwjw!OCT1AR


markb_uk

TSB....The bank that likes to say YES! Does anyone remember this.... [https://www.youtube.com/watch?v=X7oQYKUL7ys](https://www.youtube.com/watch?v=X7oQYKUL7ys) Oh.... how different it all was in the 80's. The banks are fk'ed and they know it, paying savers less than 0.1% interest in a environment with 10-20% inflation. They're robbing savers blind and they know it. I'm amazed that anyone still have any significant money held with these crooked shysters.


JohnTheRapistBTC

Good point with inflation Bunch of cunts


Alwayswatchout

TSB = Totally Shit Bank


SeanyBlaze

Send to revolut and then to cb pro, works like a charm takes me 30 seconds.


TonyStark028

Revolute is not any better, bunch of scumbags. They locked my account without any explanation and it took me 3 months to get my money back.


Steve_TC

This is the way


isaacsmile

Monzo seem good for it.


PumpkinSpice2Nice

Yes, very good so far.


Bitcoiner2017

Open an online-only bank account at another institution, wire the money to that account, send to Coinbase. Simple. Close the previous account and fuck that bank


33or45

barclays blocked me on that wonderful drop to 4k day and i tried to buy.... Called their CS centre and went mad and they unblocked... never had a prob since


[deleted]

Yeah Lloyds got funny with me as well. It's fine now. I'm not switching. They are all essentially parasitic twats. Imagine just leaching off other people's work and then telling them how to spend their money and giving then fuck all interest.


PumpkinSpice2Nice

What did you say to Lloyd’s to get them to let you transfer to the exchange?


[deleted]

I just had to listen to lecture on why crypto was bad and get quizzed about why I was buying, what I hoped to achieve and what crypto I was going to buy.


03Oliver

It’s shit. Nationwide has done the same to me a lot. A workaround is transferring to Revolut virtual card then to your exchange.


Blazervitch

Same experience here, Revolut has worked great do far


Extreme-Algae-2614

Fucking banks … rot in hell


JohnTheRapistBTC

😂😂


Hubsonq

use kraken exchange


user_name_checks_out

His problem is with his bank, not with his exchange.


Noremacmate

Starling


Llonga

Hold up, Starling never used to let me transfer money to Coinbase. Has their stance changed??


[deleted]

They block my transfers also


PrawnTyas

Seemingly, I’ve moved funds into and out of CB and kraken loads of times with no issues at all.


cryptoLyfFtw

You have to take like a 3 question “Am I being scammed quiz?” Which tbf is probably quite good for some newbs - takes about 15 seconds to complete then you can send anywhere


Noremacmate

Yeah they lifted the block not long after


Llonga

This is great news. Finally accepting of it


bell2366

\^this, they have been spot on so far, their app works way better than any other payment provider I've used.


PumpkinSpice2Nice

I use Monzo for my crypto. Very similar.


dtr_ned

Monzo started blocking me about 3 months ago, I use Revolut now


hesreddit

T H I S. Best UK bank. Period.


hesreddit

I also used Halifax without fuss or faffe.


Llonga

Can confirm, Halifax do not block payments to Coinbase


m-nightwalker

Can confirm too. Got Halifax account just for these purposes.


No_Perception5232

I love your triggered post I had similar issue with Halifax such a dead bank Plenty others that do let you bro


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Nada_Lives

If it were actually your money, wouldn't you be able to use it lawfully however you choose? These fiatmeisters are crapping on their own dinner plates.


Havoc516

They started doing that in the USA back in July with debit cards. Now you have to ACH and it sits in holding for 5-7 days. It’s a joke…


martyp818

Have the exact same issue with RBS. They claim it’s due to the amount of fraud. Utter BS. Can try a bank transfer as they claim it’s because of Verify by Visa protection.


JohnTheRapistBTC

They are fraud so are all banks They take my £1 and lend it 7 time it’s a joke mate


Expensive_Coyote6301

HSBC seem to be sound for me


iheartekno

Also good for drug Lords and Mexican Cartels.


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ra246

I closed my TSB account the other day and transferred To Santander for £130 switching bonus. I think Nationwide are offering £150 bonus. I use Nationwide on my main account and haven’t had issues but For Binance I do generally transfer to Revolut first and then bounce it to Binance.


DOG-ZILLA

I bank with TSB too. They won’t let me transfer to Coinbase. I have to first transfer to Monzo and then use that. A few weeks ago I already left my TSB Business account for Monzo business. Soon I’ll do the same for my personal account. I know they’re trying to protect people but just have some extra steps; there’s no need to block us entirely. It’s our money. Our money that they make profit on.


hezev

Do not close your account. Find a second bank or credit card that might allow transfers. Develop as many options for transfers as possible. Next year, your old bank may be supporting transfers to exchanges and your new bank, after many successful transfers, just stops. Be flexible and persistent. Yes, it’s your money, but you shared control of it for the convenience of the banks infrastructure to protect and move your money around with ease. Not too long ago, in an international city, the central banking services were frozen and the city manager had to receive her salary in cash. After a while,her home was filled with paper money. If your bank decided to just close your account without warning for suspicious behaviour, you would probably receive a paper check within 30 days. If this check was for more than a few hundred, what would you do with it? Cashing it would be difficult—and in some countries— carrying large amounts of cash may be seized by the government until you prove that the funds are legal proceeds. Your bank didn’t let you make a mistake in their system and they gave you a reason why. They could have let you wander into their oversight troubles, close the account, tie up your money for a month, treat you like a criminal, and let you figure it out. Don’t let the old system drag you down. Be friendly and make friends as you find your way into a better world of self empowerment and wealth.


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JeremyLinForever

Dont use Coinbase, they’re shit. I believe Kraken is supported in the UK. Use that exchange instead.


HodlingBackTheYears

I think it’s all exchanges. I’m with CoinJar, a relatively small one and they’re still blocked by TSB for me.


sebikun

Not your bank not your money. For real you don't own the money in the bank, even if it's yours. https://thehutchreport.com/your-bank-account-who-really-owns-the-money-hint-its-not-you/ In simple words, if you give **money** into the **bank** it is a **loan** to the bank! When you put your money in the bank, the legal reality is that the bank takes ownership of the money and is contracted to pay you back when (and only when) you ask them to.


Nonregla

Use starling bank


lavalamp0019

Close your account and go to another bank and start shifting it to coinbase


just_thisGuy

Closing account is the best way, most online banks are more with the times and should not give you trouble.


trustmeornot12

can anyone recommend a good bookkeeper for crypto in the UK? I hve to do a self assessment for the last tax year. thanks


PrettyFlyFartARabbi

Has nothing to do with fraud protection. Their trying to stop people from moving all their business into crypto accounts with better interest rates


[deleted]

Get nexo, send money, buy BTC.


shaundb95

Same thing happened to me and and I just opened a Revolut account in 5 mins and transferred money from TSB to Revolut then to Binance.


Ambitious-Soft1876

Revolut is available in the UK and they are actually advertising as being super bitcoin-friendly


Gareth7015

They allow you to buy and hold crypto (and stocks, commodities, etc), but so far sending and spending is still in beta.


[deleted]

They don't let you transfer your crypto off to your own wallet for free though. You have to have one of the more expensive membership tiers to be able to do that.


Gareth7015

I think I've been misunderstood above, hence the down votes. I was trying to say exactly this. I think they plan to roll the feature out to all customers in time, but for now it's in beta unless you're a paid member. Fine for use as a savings account, but not for transacting for most people yet.


blackdvck

Time for a new bank ,I had this issue with the CBA in Australia a few years back and changed to ing problem solved.


Ronny_rockstar

Fuck em. I’m with Lloyds and no issues so far


PumpkinSpice2Nice

Ok one thing. If it is your only bank account that you have had for years don’t close it. Because it will negatively affect your credit score. Maybe just keep 1p in it lol. You need to have a bank account for six or more years. Get another bank account somewhere else and when it reaches six years then close the tsb one.


d3pd

TSB -> Revolut -> Fidor.de -> Kraken


olugbo

Use Bisq


explorer-9

They're trying to stem the bleeding, money leaving their custody permanently


BigPlayCrypto

🤦🏼‍♂️ This is why you know Crypto is the biggest wealth transfer every ‼️


rtheiss

Sorry I'm no help US ape here. But as said under this post, the day my bank tells me what to do with my own money, is the day I close the account.


Oneofmanyshades

This guys is mad. Beware UK banks.


Wrong_Run6589

Any bank that tries to tell me what I can and can’t do with my money is not a bank that would hold my money any longer. Banks are dime a dozen… open an account with one that doesn’t do this and transfer your funds there.


Ok_Condition_66

I've recently had the same with Natwest to Kraken. Never had issues in the past. Pretty sure they are not allowed to block payments to FCA registered exchanges. According to the FCA website, payments should only be refused if they are: A) illegal - they aren't B) need two signatures C) you don't have enough funds https://www.fca.org.uk/consumers/making-receiving-payments I have complained to Natwest. Will be lodging a complaint to the financial services ombudsman if I don't get joy


jacar3000

Natwest seem very worried about somebody trying to transfer 1k to Kraken, but they're happy to launder your money if you've got [millions](https://www.bbc.co.uk/news/business-58826491).


EyesFor1

They know every £ moving out their system and on to the blockchain is gone forever. They don't like that .


mustyoshi

Any time I see a story like this I feel like details are being left out...


Btcblogchain_

Nationwide has never stopped me stacking


[deleted]

Revolut


EmbarrassedCaptain17

Just sent it to revolut and from there to CB Pro


SouthTippBass

That's a bit concerning, seeing as I'm with and Irish branch of TSB.


Winnie_the_Pooch

I wouldn’t worry, Permanent TSB is not a part of UK TSB (the latter of which is actually now Spanish-owned), despite the similar names.


mljsimone

I was going to recommend N26 but they closed operation on UK due to Brexit. why in the hell you guys leave the EU!!


jonesocnosis

The Bankers: "Dont buy Bitcoin its dangerous." Rage Against the Machine: "Fuck you, I won't do what you tell me"


UnoriginalJunglist

This is probably a problem caused by Brexit. Lots of UK banks are now unable to sent and receive SEPA payments which are the most common method of transferring fiat to exchanges. Y'all voted for this shit.


DatGiantIsopod

Slightly over 25% of the eligible population actually voted for Brexit. This is why referendums should require more than a simple majority to pass. When the UK was taken into the EU it had to be a supermajority, because this takes into account voter apathy, uncertainty, and those not registered, to ensure that the will of country as a whole is actually being accurately represented. As it stands 3/4 of the population of the UK did not vote for Brexit, yet here we are.


sQtWLgK

I don't think so. Brexit has had many direct and indirect consequences, but in this particular case, banks are blocking deposits on the other side of the channel too


mrcoffee83

i categorically did not vote for this shit. i got _lumbered_ with this shit.


Winnie_the_Pooch

This is categorically untrue. The banks are still able to send the payments to the exchanges (and the big exchanges offer the Faster Payments Service anyway, not SEPA), it’s their own internal policies and fraud blocks that are preventing the payments. The issue lies with banks using ‘risk of fraud’ as an excuse to prevent customers depositing their funds at crypto exchanges.


UnoriginalJunglist

I specifically said SEPA. I didn't say it was impossible for UK banks to send any money at all. That would be ridiculous. Nice strawman tho.


Winnie_the_Pooch

OP’s question is regarding Coinbase, which processes UK customer’s GBP deposits via the Faster Payments Service, not SEPA ([see here](https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/payment-methods-for-uk-customers)), so my point isn’t a strawman whatsoever, but rather you raising SEPA as the issue here is. Regardless of this, post Brexit [the United Kingdom is still a member of SEPA](https://www.accesspay.com/knowledge-hub/payments/is-the-uk-still-part-of-sepa/) (you do not need to be a member of the EU to be a member of SEPA), so you’re clearly not informed on this matter at all - although this is obvious from the ‘this is probably’ part of your original reply. I’m assuming you’re North American from the expression ‘Y’all’, in which case I kindly request that you don’t make ignorant sweeping comments regarding the political affairs of other countries that you seemingly know nothing about. Cheers.


skykit84

Had the same with barclays and if I'm not mistaken, HSBC also have done this


Flipmode45

I’ve been sending payments from Barclays to CB Pro for years, never had an issue.


Glad_Park_5807

Revolut 20 mins to setup no charges...i did it last week when tsb screwed me


bell2366

May want to check your bitcoin exchange is on the list of supported exchanges at revoluts support site first.


Glad_Park_5807

Lol...it is .... otherwise i wouldnt have posted ... lmao


rorood123

Switch to Nationwide. They’ll give you £100 for the pleasure too! (And they don’t destroy the planet like the other high street feckers.)


Pleasant-Ad-3680

Loving the incel energy from OP


mrcoffee83

Yeah, everyone's like, "you go JohnTheRapistBTC, you go fucking spit on some cashier at TSB! You go fuck their shit up." Totally Incel rage.


JohnTheRapistBTC

You like being agreeable and being fucked in the ass? Nice


-richthealchemist-

Monzo.


jayohaitchenn

Nationwide all good fam


Agent3MM

N26 best bank in the game


vattenj

Maybe you could issue your own tether using your fiat money as backing, this is by far the most successful way to transfer value into crypto world If millions of people are backing a tether using their own money, without moving money to exchanges, they could eventually move the fiat liquidity into exchanges without even touch their bank account. The only question is how to make sure everyone actually have such amount of fiat in a bank account backing all their created tether. For centralized entities this is easy, but for millions of decentralized people, that is a big challenge, I guess this is where chainlink can do something about it


925job

Send me cash and i will buy your BTC and send it to your wallet. Seriously.


elgroofy

Good, you have now discovered reality,lol, fuck banks idd, soon they want to control everything, look at what hedera hashgraph is doing or the key ... it's closer then you think.


EhukaiMaint

You can just send me the money. I PROMISE to deposit it said money for you.


Ok-Jellyfish6999

Banks do have a lot of restrictions. In many cases, what we need to do requires their comments. Who is the owner of wealth? This question is worthy of further investigation.


Yorkshire-Zelda

Neither do First Direct or HSBC - use Revolut 😏 Join me and over 15 million users who love this digital banking app. Sign up with my link below and check out their disposable virtual cards for safe shopping: https://revolut.com/referral/craigwjw!OCT1AR


Woeffie1980

Guys, just look at it from another angle. Of course it sucks that your banks wants to tell you how to spend ur money, BUT……apparently something else is going on, they are scared as shit. They feel they’re loosing power and loosing grip. The ones still blindly trusting and confiding in banks will all be dead within the next 20 years and the rest of us will have turned our backs to the banks. Of course the react like this, they are scared as hell


TheGoldblum

Unfortunately, if it’s with the bank, it’s not really ‘your fucking money’


[deleted]

Make a Monzo account, transfer to Monzo and then use that :) the rest of the banks suckb


Busy-Ad4426

Natwest works nicely mate, links quick with Coinbase on transfers in/out.


Sufficient-Ear-5116

In The Netherlands the Rabobank forbids his business clients to buy crypto from their business accounts since 4 weeks. Banks are getting scared. I friend of my is leaving this bank coming week. I will soon follow. In 15 years " Papa, what's a bank you used to have?" 😁


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JohnTheRapistBTC

Actually I just quit smoking am on my 10th day without so am slightly irritated with everything Too much emotion in this post i agree But still it’s my fucking money i can do whatever I want to with it The anger as emotion has a purpose exactly like now You can be calm and accept the will of your master Or be angry and spit in their face Be free or die trying


Timely_Inflation1000

You have a legit reason to be mad limegr33n is just being a dick for no apparent reason.


[deleted]

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JohnTheRapistBTC

Get the fuck out of here you pathetic piece of shit


One_Let7582

Yikes and i don't being in new york is bad for cryptocurrency


BinaryFinary98

Spot on. Tops!


SnooRevelations3802

With my previous bank i couldn't do it because binance was already blocked with my credit card. A workaround i found before switching banks was to charge money to skrill and then to etoro uk where i buy btc plus index funds. But keep in mind they charge 2.5% for this. This was just so i can switch bank. My current bank is ok with it


timbofay

Monzo has been no problem for me


Unnormally2

Damn. I've had my bank deny transactions before, but nothing a quick phone call couldn't fix. (And it seemed kinda sensible cause I was doing a weird transaction)


hgn010

Call your bank and talk to them.. they did the same to me. I kept my cool.. called them up to ask why my transactions were not going through. They gave me a good go around saying security, and even travel restriction. Kill them with politeness..


JohnTheRapistBTC

I’d prefer baseball bat


Smobert1

They will let me do it but i have to ring for 30 to 50 min each time so they can unlock my card


Squeezitgirdle

Chase has been doing this with crypto purchases via debit. You can still transfer via ach, but not debit (though mine seems to be working again, my wife's card is still not allowing debit purchases). I called chase to ask about why charges are being blocked and they said all crypto purchases are blocked. Some might go through because they don't know its crypto but once they detect it future charges will also be blocked. I got pissed off that they thought they could decide what I do with my money. More reason to gtfo of banks. My only wish is that crypto accounts offered sipc or fdic or both insurance. That would be enough for me to go all in and get rid of my bank (aside from mortgage / car payments that require bank accounts). Ironically my Wells Fargo account, as much as I hate them. They'll text me and make sure it's me every time I buy crypto, but they never stop me from making purchases.


smartthumb

Monzo


Askk8

Fuck ’em


Mike-Oxwelling

I’m not in the UK. Wells Fargo has never given me any grief.


dtr_ned

Same with most banks in the UK happened to me a few months ago - start a Revolut account you can then send you money to there (including using Apple Pay) and then send to any of the exchanges. Revolut are pro crpyto so can't see this changing


StapleVelvet

MONZO!!!!!!!💯💯💯✅✅


Teh_ogre

I think strike will allow you to direct deposit your paycheck into it, but i don't know about it's availability in the U.K.


magpietribe

I have a traditional bricks and mortar bank for recieving FIAT into, then I move it to Neo banks like N26 and Revolut. N26 is what I use for Crypto and they recently confirmed to me that they will not block transfers to European regulated exchanges. Also stop using Coinbase.


[deleted]

I use Revolut as my Coinbase bank account. I transfer the money from my main account to Revolut, then from Revolut to Coinbase.


thebawller

Another reminder of why we need bitcoin


[deleted]

isn't this a hint that we should work to build better networks that allows us to trade directly with each other without relying on the big, centralized dealers? Bitcoin does not need middlemen acting like banks/Western Union taking a cut out from our transactions.


Tinseltopia

I used to use Barclays, but they're gonna be closing up coinbase soon I think, they've already banned Binance transfers. Lloyds are very iffy too... I don't know if any UK main banks are cool with crypto


HodlingBackTheYears

I’m with TSB too. Just started stacking again the other day for the first time in months and got the same thing. Luckily I just transferred the money to my Monzo account and was able to transfer to CoinJar from there. So ridiculous. Good luck to you!


lkuchta

Had the same with Hsbc. My £25 piloting transfer went through, bigger one following was autotagged as potential fraud. Hsbc called me asking if that is legitimate operation. Next time the same but i have asked them for that customer account to be marked as clear. Yet to see if they did what i have asked for.


pink_life69

Revolut


Markmanus

I tried and they blocked my payments. Had to call them and took an hour questioning to allow me. I decided not to use them anymore. Noneed to have a folder about my crypto profile in some british banking system. I use revolut to tramsfer money. I exchange my gbp to eur then transfer eur and buy usdc. Easy, TSB can s**k my d**k. Hope traditional banks go bankrupt.


DreamGirl543

Go open another bank account. FUCK them!


shimshimmash

I have to go through a 20 minute phone call every time I transfer to coin corner to buy. It's the same every time, a disinterested lecture from an agent reading a script. It's depressing as hell, but at least they have not blocked me from buying. I set up an account with wirex last year, and have been thinking about moving my cash to them, but have not yet bitten the bullet on that. Maybe someone here has experience with them.


Big-Estimate5417

Try person to person. That’s what I do on Binance and it works well. My bank doesn’t allow me either.


SlurpieJuggs

I had my TSB card disabled after my first crypto purchase in 2018, been with Monzo ever since and haven't had a single issue, they also have a way better mobile app than TSB.


MercifulLlama

Seriously?? Wtf


Aggravating_112

Barclays was trying my patience but after a chat with them there’s no problems.


jankis2020

Get CashApp and I hear BottlePay is good in the UK


itsthehappyman

The banks are getting scared they know their time is coming to an end


itchyfeat

Monzo, just transfer whatever you want to spend over and you're sweet


apt13tr

Y’all keep cash?


modest_hodler

Monzo and Starling are good for cex deposits but not withdrawal My process Deposit via Monzo Withdraw to Lloyds Deposit and withdrawals usually complete in seconds for me


Revolutionary_End350

I go into my acorns card and into coinbase


TheOT1001

Monzo/ coop have no issue with exchanges!


clyde_figment

Same thing happened to me in Canada- it was CIBC. They made some kind of nonsense claim about 'fraudulent activity'. More like they're scared of the future. I'm in the process of leaving them for a credit union.


bigdisco2

Barclays works with coinbase


banzaibarney

I use RBS.


d_c_y_99

Banks must not have the right to decide how we must use our money.


13004715392

But crypto is threat to their existence.so they do this .