Santander impose £3,000 per month limit on Bitcoin related exchange transfers from the UK. The escape routes are constricting… #Santander #impose #month #limit #Bitcoin #related #exchange #transfers #escape #routes #constricting..


Santander impose £3,000 per month limit on Bitcoin linked trade transfers from the British isles. The escape routes are constricting…

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Comments (32)

  • Mediocre_Suspect_203 Reply

    Time to change the bank

    November 4, 2022 at 4:31 am
  • hollyberryness Reply

    Still blows my mind a bank can tell you how you can or can’t spend your own money. Absolutely bonkers and my brain can’t seem to really grasp it, even though it’s been reality my entire life.

    November 4, 2022 at 4:31 am
  • cookmanager Reply

    Get out!

    November 4, 2022 at 4:31 am
  • inserters_hartsock Reply

    Use bisq for buying? If you using the exchange for buying only you could completely avoid them this way. If you trade, you can still use bisq to buy outsude the exchange and transfer the crypto afterwards

    November 4, 2022 at 4:31 am
  • LargeDog4965 Reply

    Switch to another bank & get a switching incentive for it. You’ve got to have money in the banks somehow. It’s how the world is, but don’t show them any loyalty whatsoever. They are not your friend.

    November 4, 2022 at 4:31 am
  • Khorisin Reply

    Just send it through Revolut

    November 4, 2022 at 4:31 am
  • ButtBlock Reply

    Is this the start of capital controls in the UK I wonder?

    November 4, 2022 at 4:31 am
  • ride_the_LN Reply

    Never bank with just one entity. As long as their policies differ, you can transfer your money to the one that works better while you swap one out.

    November 4, 2022 at 4:31 am
  • mcrech Reply

    Start using bisq and attent local meetups. Buy from people p2p.

    November 4, 2022 at 4:31 am
  • New-Base-6316 Reply

    Heil Santander

    November 4, 2022 at 4:31 am
  • dr_meme_o Reply

    well, did you really think it was your money…?😉

    November 4, 2022 at 4:31 am
  • JerryLeeDog Reply

    Auto ban if you don’t change banks now

    I would tell them it’s a direct result from this policy. Heck, I’d love this opportunity honestly

    November 4, 2022 at 4:31 am
  • ObiTwoKenobi Reply

    This is bullish af.

    For me it reads like it is something that happens frequently enough, that they had to make a statement. One final effort to try and curtail the logical next evolutionary step in finance.

    November 4, 2022 at 4:31 am
  • escape1979uk Reply

    Santander > Revolut > EUR > Coinbase > BTC > Cold Storage

    No need to be a prisoner…

    November 4, 2022 at 4:31 am
  • Mektzer Reply

    In the true spirit of Satoshis vision, they won’t allow their most wealthy customers to buy too much bitcoin so that the network remains as decentralized as possible.

    November 4, 2022 at 4:31 am
  • bitcornhodler Reply

    I bet they will allow you to spend more than that on a gambling website.

    November 4, 2022 at 4:31 am
  • ProcedureOk8501 Reply

    Just send the money to revolut and buy there,relly low fees🤔

    November 4, 2022 at 4:31 am
  • donaudelta Reply

    i suppose it’s about debit. use credit card instead. and reimburse it in full. in my country very few banks allow debit but all credit cards work for this.

    November 4, 2022 at 4:31 am
  • bitsteiner Reply

    When banks are limiting withdrawals you know …..

    November 4, 2022 at 4:31 am
  • grey-doc Reply

    Crypto.com accounts are tied to a bank account with a routing and account number.

    You can just have your paycheck direct deposited straight to the exchange.

    Other exchanges may have similar offerings.

    November 4, 2022 at 4:31 am
  • mcblee Reply

    This isn’t new. Santander blocked all my payments to and from exchanges in 2021. Had to switch and go via PayPal.

    November 4, 2022 at 4:31 am
  • TriSamples Reply

    I want to understand why crypto is a threat to banks. Can anyone explain it. There are sure a lot of scams and banks want to avoid any liability but there’s no real reasons to limit but still allow. I don’t get the advantage for the banks or even the disadvantages. The government might have issues but the banks? Is it coming from the govs as a fiat protection issue.

    November 4, 2022 at 4:31 am
  • NefariousnessSome945 Reply

    Get the money out, then buy P2P with cash

    November 4, 2022 at 4:31 am
  • lunar2solar Reply

    Have any smart people tried to solve the on/off ramp quagmire yet? We can’t have a centralized bank granting us permission for this nonsense.

    November 4, 2022 at 4:31 am
  • bobbyv137 Reply

    CBDCs incoming to the U.K. Few years max.

    November 4, 2022 at 4:31 am
  • stickypix Reply

    Well, they already won when they convinces us to use Social Media as a way to communicate with each other. We’re doomed lol

    November 4, 2022 at 4:31 am
  • hitayte Reply

    This is probably because customers were getting hacked with their balances converted to crypto. The £3,000 a month limits the damages incase your account is hacked.

    November 4, 2022 at 4:31 am
  • Goosebo Reply

    I’d just send to Wise —> Exchange.

    It’s ridiculous a bank thinks they can tell you how to use your money. It’s obvious they’re scared.

    November 4, 2022 at 4:31 am
  • Hiran_Gadhia Reply

    Get a Monzo account and use it as a go between.

    November 4, 2022 at 4:31 am
  • kaaasje Reply

    Isnt this easy to bypass via a ‘debit card’? i.e. transfer £3000+ to debit card, buy crypto

    November 4, 2022 at 4:31 am
  • Available_Bed_1913 Reply

    pssss Wise…

    November 4, 2022 at 4:31 am
  • WiseCapitalOrg Reply

    this is UK only after brexit, I live in EU and we dont have these issues!

    November 4, 2022 at 4:31 am

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