# UK banks blocking crypto payments — what to do

Banks set their own crypto policies. If a transfer is blocked, call your bank, try a different account or payment method, and only use FCA-registered exchanges. Blocking is frustrating but not always a sign the exchange is fraudulent.

## Key facts
- Each bank has different crypto rules.
- FCA registration does not force banks to allow payments.
- Faster Payments may work when cards fail.
- Never bypass checks via unregistered third parties.
- Keep records of all purchases for tax.

## Why banks block crypto payments

Banks manage fraud and money-laundering risk. Some treat all crypto outbound payments as high risk regardless of FCA registration. Policy changes frequently — what worked last year may not work today.
## Steps to try

1) Confirm the exchange on the FCA register. 2) Call your bank and ask if crypto transfers are permitted from your account type. 3) Try a bank transfer instead of debit card. 4) Some customers use a separate account with a bank known to allow crypto transfers — research current policies yourself.
## What not to do

Do not pay strangers to 'buy on your behalf'. Do not use unregistered offshore platforms to avoid bank blocks. Both increase scam and tax-record risk.

## FAQs
### Is it illegal for banks to block crypto?

Banks can restrict permitted uses of accounts under their terms. Crypto itself is legal to buy when using registered firms.

## Sources

- [FCA — Cryptoassets for consumers](https://www.fca.org.uk/consumers/cryptoassets)

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— Digital Assets UK (https://digital-assets.co.uk/buying/uk-banks-blocking-crypto/), reviewed 2026-06-23. Source: https://www.fca.org.uk/consumers/cryptoassets