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Comments (48)
That’s not your money. It’s coupons they allow you to use how they allow you to use them.
Not your keys not your….money?
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
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
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.
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.
Lol tell me you fear Bitcoin without telling me you fear Bitcoin
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.
To be fair, how many people are spending £5k/month on Bitcoin? Some, obviously, but most people are far too poor for that.
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.
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.
I just started banking with them a week ago…. now this…
Bitcoin is not good investment or crypto if you a beginner very complicated and your money is not protected
[removed]
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.
Nationwide has sent me a similar email… they are starting to get worried.