Not all banks treat crypto equally. Here’s who’s helping – and who’s hindering – your digital asset journey.
As crypto adoption in Australia continues to grow, the way your bank handles crypto-related transactions can make or break your experience. From buying Bitcoin to transferring funds to your favourite exchange, choosing a bank that doesn’t block or flag your activity is more important than ever.
We’ve reviewed the current landscape to bring you the most crypto-friendly banks in Australia for 2025. Whether you're a seasoned trader or just starting out, these banks are leading the way when it comes to supporting the crypto community.
Important note: While some banks are friendlier than others when it comes to crypto transfers, none of them offer crypto-backed loans. If you're looking to borrow against your digital assets, you’ll need to use a specialised provider like Block Earner*.
ING Australia
Status: Crypto-friendly (Avg Deposit Time: Instant to 2 hours)
ING is a consistent favourite among crypto users thanks to its no-fuss approach. Unlike some of the Big Four, ING allows payments to regulated Australian crypto platforms without unnecessary roadblocks. Transfers are generally smooth, and you’re unlikely to have your account flagged simply for investing in digital assets.
Good to know: ING has a crypto-friendly policy for crypto transfer and has no fixed monthly limits, making it a popular choice for many in the space. Most customers report smooth sailing when it comes to funding their exchange accounts.
Bendigo Bank
Status: Mixed (Avg Deposit Time: Same day)
Bendigo Bank generally supports transfers to AUSTRAC-registered crypto platforms, but it lacks a public stance on crypto. While most users report successful transactions, occasional delays or friction may occur depending on the destination platform.
Good to know: Bendigo Bank takes a risk-based approach and may block payments to crypto exchanges it considers high-risk. There's also a $10,000 monthly limit on crypto-related transfers — if you go over that amount, it's likely your transaction won’t go through.
St.George Bank
Status: Mixed (Avg Deposit Time: Same day)
St.George has maintained a relatively open stance towards cryptocurrency transactions. Customers report few limitations when transferring funds to exchanges. It's a strong pick for those who want traditional banking reliability without anti-crypto friction.
Good to know: There may be daily or monthly limits in place. They don’t publish a clear policy on these limits, many users say they’ve been able to move larger amounts — sometimes needing to fill out a form to bump up their limits. That said, some people have mentioned sending six-figure amounts to AUSTRAC-registered exchanges without any drama.
Up Bank
Status: Crypto-friendly (Avg Deposit Time: Same day)
A digital bank built for the modern user, Up has become a go-to for younger crypto investors. Transfers to major exchanges are quick and painless, and the app offers an intuitive experience.
Good to know: Up Bank, backed by Bendigo Bank, puts a $10,000 monthly cap on transfers to crypto exchanges. If you try to send more than that in a single month, your transaction will be blocked.
Macquarie Bank
Status: Not crypto-friendly (Avg Deposit Time: 24hrs if successful, Delays common)
Macquarie Bank's stance on crypto transactions is somewhat ambiguous. While some customers report successful transfers to AUSTRAC-registered exchanges like Block Earner, others have experienced blocked transactions, especially when dealing with international platforms.
Good to know: While Macquarie doesn’t publish a strict crypto transfer limit, users have reported inconsistent outcomes — with some transactions going through and others delayed or declined without clear explanation. You can expect Macquarie to limit crypto transfers to $10,000 per month.
National Australia Bank (NAB)
Status: Not crypto-friendly (Avg Deposit Time: 24hrs if successful, Delays common)
NAB isn’t as open as ING or Up, but it’s more flexible than some of its Big Four peers. It has imposed stricter rules on overseas platforms but continues to support AUSTRAC-registered domestic exchanges like Block Earner. However, they have a $10,000 monthly limit on payments to crypto exchanges and have blocked payments to high-risk exchanges.
Good to know: NAB allows crypto payments up to $10,000 per month but blocks transfers to certain platforms it considers high risk — often without notice. You may run into further restrictions if you use unregistered platforms.
ANZ
Status: Not crypto-friendly (Avg Deposit Time: 24hrs if successful, Delays common)
ANZ allows customers to transfer funds to reputable crypto exchanges, but with certain limitations. The bank imposes a $10,000 monthly cap on payments to crypto exchanges. Additionally, initial transactions may be subject to security reviews, potentially causing delays.
Good to know: ANZ enforces a $10,000 monthly transfer ceiling to crypto exchanges, potentially halting your investment plans once you hit the limit. Ensure you're using AUSTRAC-registered exchanges and be prepared for potential transaction reviews or delays.
Commonwealth Bank (CBA)
Status: Not crypto-friendly (Avg Deposit Time: 24hrs if successful, Delays common)
CBA made headlines in 2023 when it introduced monthly caps and started blocking crypto-related transfers. The bank claims these measures are for customer safety, but they also frustrate legitimate investors. CommBank limits the total amount deposited per calendar month to $10,000.
Good to know: CBA restricts crypto-related transactions to a maximum of $10,000 per calendar month, regardless of the number of exchanges you use.
Westpac
Status: Not crypto-friendly (Avg Deposit Time: Often blocked or delayed)
Westpac’s current policy makes it difficult to fund your crypto account. Since 2023, it has taken a restrictive stance, citing fraud prevention. Some customers have reported delayed or cancelled transactions when trying to interact with exchanges. Westpac imposes a limit of $10,000 per calendar month on payments made to cryptocurrency exchanges.
Good to know: Westpac caps crypto payments at $10,000 each month, making it difficult for active traders or large-volume investors to operate smoothly. If crypto is a regular part of your financial life, you might want to look at opening another bank account elsewhere.
What to Keep in Mind
While none of Australia’s major banks currently offer direct crypto buying or wallet features, some make it easier to interact with the crypto ecosystem than others. ING, Up, and St.George are among the most crypto-welcoming banks in 2025, while CBA and Westpac have taken a more conservative approach.
Before choosing a bank:
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Check if they allow transfers to your preferred crypto exchange.
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Look for any caps or daily/monthly transfer limits.
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Confirm they don’t block or delay transactions to registered platforms.
Bonus Tip: If you're using your crypto – for example, to back a loan – it's even more important to have a bank that won’t interfere with your transfers or repayments.
Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.
*Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) authorised representative 551024 of Mortgage Direct Pty Limited ACN 075 721 434 Australian Credit Licence 391876.
