That is very helpful mate, thank you!
Difficult to know what they consider “large sums” but yeah that does show their attitude towards it.
Cheers.
That is very helpful mate, thank you!
Difficult to know what they consider “large sums” but yeah that does show their attitude towards it.
Cheers.
Just had a quick search, seems like 250k is the maximum for individual payments via FPS - so I’d assume around that margin, maybe less? Have no clue where the threshold is for it, but they do note it can vary bank to bank ![]()
I’ll be safe for a while then haha!
Thanks again.
Also worth noting Monzo does now work with Coinbase
Had a bit of a Google, and found this message a customer had received from Monzo asking them to not trade cryptocurrencies.
Yeah I have no issues with Coinbase, only Binance. I wonder if thats a business relationship type issue.
Wonder if @anon41219820 could provide us with an update, seems like they’ve fell back on what they said a few years back after all - unless it was due to the individual making multiples transactions that flagged up as fraudulent and kept requiring internal reviews possibly?
Germans banks and the government are embracing cryptocurrencies. Fidor bank supports crypto natively, and not like Revolut, but you can actually sent crypto and receive it. Also if you are holding yours crypto over a year, all profits you will make are tax free.
Some companies allows people to get their salaries in crypto aswell
Actually even if I won’t have an official answer here, I think Monzo is not really crypto friendly…
Very prejudicial…I’m not a trader. Just want to do my own investments with safety.
But it seems I have to switch then…
Right now I am just buying crypto, but if some day I will want to cash out, I will most likely open account on fidor.de
Ok but problem is fidor ends his operations in UK doesn’t it ?
& personally I agree most banks should support this ![]()
If you are lucky enough to have EU passport, you can open account in Germany
I have one I’m french but living in UK 
Don’t need a German address?
Unless something changed very recently, Fidor was available for non residents
Ok thanks
Me too, which is why I raised my original question
Crypto went “to the moon” recently, and people started thinking about withdrawing their profits
Personally I’d leave it in, it was forecast a 30% backfall which its currently experiencing (as of right now -4.67%) but it’ll recover - only reason why it went “to the moon” so to speak recently is because of a push by larger corporations putting into it.