Sending fiat to exchange from Barclays Isle of Man

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trek

New member
I'm thinking of sending some fiat to FTX (crypto exchange) from my Barclays account in the Isle of Man. Do I risk some termination for doing so? I guess they are not keen on receiving withdrawals but not sure about sending wire transfers. Is there anyone with some experience with this? Any guesses?
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
I'm thinking of sending some fiat to FTX (crypto exchange) from my Barclays account in the Isle of Man. Do I risk some termination for doing so?

Have you read the terms and conditions you accepted when you opened the account? Does it say anything there about crypto?


I guess they are not keen on receiving withdrawals but not sure about sending wire transfers. Is there anyone with some experience with this?

Don't guess just ask them directly.
 

CyprusLawyer101

Mentor Group Gold
Ask randomly one of their officers in a btw manner. See first wjat they say, before attempting anything.
 

pomegranate

New member
I'm thinking of sending some fiat to FTX (crypto exchange) from my Barclays account in the Isle of Man. Do I risk some termination for doing so? I guess they are not keen on receiving withdrawals but not sure about sending wire transfers. Is there anyone with some experience with this? Any guesses?
Was is it difficult to open an account with Barclays in the Isle of Man? is it a personal or corporate account?
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Was is it difficult to open an account with Barclays in the Isle of Man? is it a personal or corporate account?

It's easy. But Barclays do not open any longer for EU residents like yourself.
 

trek

New member
Don't guess just ask them directly.
I asked and they seem to be fine with any exchange except Binance.

Btw @trek do you reside on the IOM?
Yes, but I have a Barclays International account with an IoM sort code.
Was is it difficult to open an account with Barclays in the Isle of Man? is it a personal or corporate account?
It was easy and it is a personal account. Just look for the International account. Not sure if they still open such accounts, though.
 

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