UK Banks' Cryptocurrency Payment Limits Revealed Amid APPG Inquiry
UK lawmakers have sent letters to major banks asking about their cryptocurrency payment policies. In response, a survey found that twelve of fourteen UK banks and fintechs already publish exact limits on cryptocurrency payments on their own websites.
The Crypto and Digital Assets All-Party Parliamentary Group (APPG) wrote the letter in August 2026, citing Economic Secretary to the Treasury Lucy Rigby's statement earlier this year that licensed firms should not face restrictions 'simply because of the sector they belong to.'
According to the survey, banks have varying limits on cryptocurrency payments. For example, HSBC UK caps crypto payments at £2,500 per transaction and £10,000 across any rolling 30 days, while NatWest set a £1,000 daily and £5,000 monthly limit in March 2023.
The APPG is conducting a formal inquiry into the issue, with written evidence due by 31 August 2026. The UK Cryptoasset Business Council has also argued that blanket restrictions may breach Regulation 105 of the Payment Services Regulations 2017 and the FCA's Consumer Duty.