Crypto-friendly banks and neobanks in Australia

None of the big banks sells crypto, and they treat payments to exchanges very differently. Six banks publish a cap of A$10,000 a month, ME Bank and Virgin Money allow A$5,000, and nine restrict payments to exchanges without publishing a limit. HSBC declines every payment to an exchange. We found no published policy on payments to crypto exchanges for ANZ's classic accounts, Suncorp Bank, St.George and its sister brands, Up or Great Southern Bank.

Getting money back out is usually easier. ANZ Plus, Bankwest, Macquarie, BOQ, Bank Australia and Auswide Bank say you can still receive money from exchanges. CommBank is the exception: it now says it may restrict or decline some incoming payments from exchanges, so test a small withdrawal first.

CommBank no longer lets you set up new scheduled payments to crypto exchanges. Scheduled payments created before 30 September 2026 keep running and can be edited, but if you cancel one you can't set it up again. One-off payments still work within the A$10,000 monthly limit, and CommBank may hold some of them for up to 24 hours whatever the amount. It also now says it may restrict or decline some incoming payments from exchanges.

There is no way to apply for a higher limit or an exemption, and the limit applies in branch and over the phone as well as online. On a joint account, each holder has their own A$10,000. CommBank cites investment-scam findings in the latest Targeting Scams report as the reason for these changes. Bankwest, which CommBank owns, has its own A$10,000 monthly limit, and its page doesn't mention the scheduled-payment change.

Only at Revolut. It is now a licensed Australian bank and sells crypto in its app, but you can only buy, sell and hold it or send it to other Revolut users. None of the big four, Macquarie, ING, Up or the customer-owned banks we checked sells crypto. CommBank announced a crypto trading pilot for its app in November 2021 and paused it in May 2022.

Revolut's in-app fee is high for regular buyers. On the Standard plan, A$1,000 of crypto costs A$14.90 in fees (1.49%), against A$8.00 in taker fees for the same Bitcoin buy on Kraken Pro in our Australian exchanges test. Outside the banks, the investing app Superhero launched crypto trading through Bitstamp by Robinhood in August 2026, at 0.10% per trade, according to trade press.

Yes for buying, no for moving it out. APRA granted Revolut Payments Australia a banking licence on 21 July 2026, and Revolut says eligible AUD deposits are now protected by the Financial Claims Scheme up to A$250,000. Its crypto is a different product: Revolut says it is unregulated in Australia, isn't provided under its AFSL and isn't covered by the FCS.

Australian customers can't withdraw crypto to an outside wallet or send it to anyone outside the app, and Revolut's Australian crypto terms say your interest in the crypto doesn't entitle you to its keys. Revolut's global pages describe outside transfers and staking, but its Australian terms bar outside transfers and don't mention staking.

On the Standard plan, crypto costs 1.49% per trade with a minimum fee of A$1.99, rising to 1.99% once your combined currency, commodity and crypto exchanges pass A$2,000 in a rolling month. Metal customers pay 0.99%, with lower rates on large volumes. Our full Revolut review covers the rest of the app.

Scams. Australians reported A$2.18 billion in scam losses in 2025, up 7.8% on 2024, and investment scams were the costliest type at A$837.7 million, according to the National Anti-Scam Centre's Targeting Scams report. Crypto and digital currency exchanges were the costliest payment method reported to Scamwatch: A$121.3 million, or 36.2% of Scamwatch-reported losses. That category includes bank transfers into exchanges.

Banks have answered with caps and blocks. NAB, Westpac and Bendigo Bank began blocking high-risk exchanges in 2023, ING and HSBC followed in 2024, and several customer-owned banks now cap crypto payments at A$10,000 a month. BCU Bank ties its cap to the Scam-Safe Accord, the banking industry's commitment to stronger scam protections.

New law adds pressure. The Scams Prevention Framework Act 2025 is in force, and banks, telcos and digital platforms are designated sectors, but most of their obligations start on 31 March 2027. Crypto exchanges are not a designated sector.

First make sure the payment isn't a scam: a block is sometimes the bank stopping one. Then work within your bank's rules, or use an account at a bank with a published limit that suits you.

• Check the exchange's Australian company on AUSTRAC's register of virtual asset service providers, and make sure it isn't on ASIC's Moneysmart investor alert list.
• Don't keep retrying. NAB and HSBC say repeat attempts at a blocked payment will be blocked again, and Auswide Bank says they may be.
• Stay inside your monthly limit. CommBank says there is no way to apply for a higher limit or an exemption.
• Don't rely on credit cards. Bankwest credit cards can't be used to buy crypto, and St.George treats crypto bought on its credit cards as a cash advance.
• If you bank with CommBank, test a small withdrawal from the exchange first, because CommBank may decline some incoming payments.
• If someone is coaching you to send money to crypto, stop, call your bank and report it to Scamwatch.

Yes, through Australian exchanges. The ATO's data-matching program for the 2023-24 to 2025-26 financial years collects exchange records on roughly 700,000 to 1.2 million people and businesses a year, including identity details, linked bank accounts and transactions. Selling, swapping or spending crypto is a capital gains tax event, wherever you bought it. Our Australian exchanges guide covers the 50% discount and the changes from 1 July 2027.