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My bank is now blocking deposits to my exchange - what solutions do people recommend (UK)?

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I was previously using Halifax bank to make cash deposits to and withdrawals from Kraken with no issues.

Recently Halifax has moved to Lloyds, and I have had to do the simple migration over to the Lloyds app (everything else the same).

Now, I'm getting blocked when I try to make a deposit to Kraken.

I've tried both the usual easy bank transfer in Kraken, and a manual bank transfer from Lloyds to Kraken.

When trying the manual transfer I get a message saying I need to ring Lloyds to discuss whether it's fraudulent, etc.

Apparently even though Halifax and Lloyds are under the same umbrella, Lloyds is stricter on transfers to crypto exchanges.

My other bank account providers aren't listed on the available banks to use.

I understand this is a common problem - so what do people recommend as the best solution to get around this issue?

Should I just ring Lloyds and get them to unblock this - but could it still be likely to be a regular problem for future deposits and withdrawals?

Or what about creating a third party bank account in between Lloyds and Kraken - Google suggested Revolut as a good option?

Edit: one word swiftly added for clarity

submitted by /u/North_Dog_5748
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