UK banks face thousands of crypto transfer complaints ahead of 2027 rules
Image: CointelegraphA Stand With Crypto report shows 9,803 people filed 10,092 complaints about blocked or limited crypto transfers at major UK banks between May and August 2026. Lloyds received the most complaints, followed by Barclays and NatWest. Several banks impose transaction caps, while six ban crypto transfers entirely. The FCA opened applications for its new crypto framework in September 2026.
Key points
- Lloyds and Revolut have no published crypto transfer restrictions, yet customers reported difficulties completing transfers.
- Lloyds received the most complaints, followed by Barclays and NatWest.
- Several banks impose transaction caps, while six ban crypto transfers entirely.
Why it matters
The volume of complaints highlights barriers for users trying to move funds to FCA‑registered crypto platforms, potentially affecting adoption and business operations ahead of the 2027 regulatory regime.
What's unclear
It is unclear whether the banks listed will modify their crypto transfer limits before the FCA's 2027 regulatory framework takes effect.
The impact of the complaints on future banking relationships with crypto firms remains uncertain.
Sources · 2 publishers
Cointelegraph
Tier 1
Lloyds and Barclays among UK banks named in crypto transfer complaints, advocacy group says
Coverage timeline
- First reported by Crypto.news
- Also reported by Cointelegraph
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
