See also: Deposits or withdrawals via third-party payments processors (TPPPs).
Below is a list of banks that are against deposits to or withdrawals from Kraken and other cryptocurrency exchanges. If you want to deposit or withdraw cash on Kraken, you'll need to use a bank that's not on this list.
- Fire (Ireland)
- Rietumu Banka (Latvia)
- Qatar Bank Authority has blacklisted cryptocurrency exchanges
This list is just a tiny sample. The challenge is that most banks look at transfers on a client-by-client basis, rather than an out-right ban, so be sure to maintain a good relationship with your branch. We can provide a letter if your bank requests one.
Ironically, most of the issues we've seen with funding have been with online-only "cloud" banks. In contrast, traditional banks with physical branches have generally worked fine with our clients.
If your bank doesn't like transfers to or from cryptocurrency exchanges for whatever reason, you can try opening an account with one of the banks we work with.
In your Kraken account, on the deposit instructions page for each cash funding method, you'll see the relevant funding provider's name as part of the instructions. For example, for the EUR deposit method Fidor Bank AG (SEPA), we work with Fidor bank; for the EUR deposit method Clear Junction (Instant & SEPA), we work with Clear Junction, etc.
Alternatively, if you have another bank in mind, our funding team can check its Bank Identifier Code (BIC) to see if we've had any recent issues with it.