UK and US Banks Diverge on Crypto Transaction Policies
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Major British and American banks are charting starkly different courses on cryptocurrency transactions, creating fragmented access for customers. In the UK, Revolut and Lloyds Group permit bank transfers and card-based crypto purchases, while Barclays and HSBC UK impose strict limits—£2,500 per transaction and £10,000 monthly. Nationwide caps daily transactions at £5,000, and NatWest and Santander enforce even tighter monthly restrictions.
Meanwhile, Virgin Money, Metro Bank, Starling Bank, TSB, and Chase UK have outright banned crypto transactions. This contrasts with US banks, which maintain rigid controls but avoid blanket prohibitions. The divergence reflects deepening institutional skepticism despite crypto's global proliferation.
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