Cryptocurrency Q&A
Is Santander bank crypto friendly?
Is Santander bank crypto friendly?
CryptoMercenary
Sat Mar 30 2024
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5 answers
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I'm interested in Santander Bank's approach towards cryptocurrencies. Could you please tell me if Santander Bank is crypto-friendly? I've heard about some banks being reluctant to deal with crypto-related transactions due to regulatory concerns or risk aversion. However, given Santander's forward-thinking approach in the financial industry, I'm hoping they might have a more open stance towards cryptocurrencies. Could you provide some insight into this matter? Thank you.
5 answers
DongdaemunTrendsetter
Mon Apr 01 2024
We have established a transaction limit for payments made through various channels, including Mobile and Online Banking, phone-based payments, CHAPS, Open banking, and branch payments.
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OceanSoul
Sun Mar 31 2024
This limit applies uniformly across all payment methods, ensuring consistency and security in transactions.
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AmethystEcho
Sun Mar 31 2024
The maximum amount that can be sent per transaction is £1,000. This limit is designed to mitigate risks associated with large-scale transactions and protect customers' funds.
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Andrea
Sun Mar 31 2024
It is important to note that we currently restrict the amount that can be sent to cryptocurrency exchanges. This measure is taken to safeguard against potential volatility and risks associated with crypto assets.
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noah_wright_author
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, is one of the platforms affected by this limit. Customers are advised to plan their transactions accordingly and adhere to the set limits.
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