Nationwide restricts card payments to Binance
Nationwide has published a notice to its clients regarding card payments to crypto firm Binance.
Nationwide says it is restricting card payments made to the cryptocurrency firm Binance, and these restrictions can’t be removed at client request. Clients of the bank can still withdraw money from Binance into their Nationwide account.
Payments to the cryptocurrency firm Binance using Nationwide cards will be declined. Clients will not be charged and no money will leave their account.
Payments to Binance will remain restricted until further notice as Nationwide continues to review and monitor the situation.
Nationwide explains:
“Our number one priority is, and always will be, keeping you and your money safe. This is why we have taken the decision to restrict card payments made to the cryptocurrency firm Binance. This follows similar action from other providers, media coverage and regulatory uncertainty”.
Even with your direct consent in person or by telephone, Nationwide can’t remove the restriction and allow you to make a payment to Binance.