UK Banks Face Backlash Over Restrictions on Strike Payments | Users Seek Alternatives

People are feeling the heat as banks in the UK tighten crypto payment policies. Chase's recent decision to block transfers to Strike has left many scrambling for viable banking options while seeking clarity on where to turn next.

Rising Discontent Over Payment Blocks

On April 25, 2025, Chase halted transactions to Strike, reflecting broader hesitance among banks to adapt to cryptocurrency. Users are actively searching for banks that still offer support for crypto-linked services, facing inconsistent experiences across financial institutions.

Users Share Mixed Outcomes

Insights from various forums reveal a blend of experiences:

• "NatWest is fine up to £1,000 per month."

• "Monzo is (currently) openly crypto friendly."

• "Nationwide has been okay."

• “I used to send standing orders to Monzo and then one to Kraken.”

However, others express frustration:

• “First Direct blocked my £480 transfer, but that was after my £20 test.”

• “Revolut are awful!! Worst experience I’ve ever had with a bank.”

This mix shows that while some users find smoother sailing with certain banks, others face unwelcome obstacles.

User Comments Highlight Confusion

An alarming trend is developing, as many customers report abrupt policy changes, engendering frustration. For instance, one noted:

"I got a text saying, 'we don’t allow payments related to crypto' after months of smooth transactions. Weird."

It's clear that this inconsistency drives many to seek alternatives, but which banks are still considered dependable?

Key Insights from Users

• ✅ Monzo remains a popular choice, with one commenting, "I've used Monzo for 5+ years with many crypto transactions and had no issues."

• ✅ NatWest appears to be accommodating, at least up to certain limits.

• ❌ Chase's decision has disrupted numerous customer plans, raising concerns about accessibility.

• ✅ Santander reportedly allows a £3,000 monthly limit for crypto transfers.

What’s Next for Customers?

The urgency for reliable banking options is rising as restrictions tighten. How will banks adapt to the growing need for crypto-friendly services in a tech-savvy world? With the spotlight on user experiences, many are left wondering if they will see more flexibility in the future as they navigate these ongoing challenges.