Regulation· ★★★· bearish·

UK banks face 10,092 complaints over crypto transfer restrictions

  • —Lloyds logged 2,297 complaints, Barclays 1,569, NatWest 1,278 and HSBC UK over 1,000
  • —Barclays and HSBC cap transfers at £2,500 per transaction and £10,000 per 30 days
  • —NatWest allows £1,000 daily and £5,000 per 30 days; Santander caps at £3,000 monthly
  • —Six providers, including Starling, TSB and Chase UK, impose outright bans on crypto transfers
Why it matters: The restrictions are set to persist even after the FCA's new regime takes effect in 2027, keeping UK retail access to crypto constrained.
Source: crypto.news