Which Australian Banks are Crypto Friendly?

If you’ve ever had a crypto transaction blocked, reversed, or just flat-out ghosted by your bank, you’re not alone. Australian banks have a reputation for being notoriously unpredictable — and in many cases, outright hostile — when it comes to crypto.

To help you navigate the minefield, we’ve broken down the current state of play: which banks support your crypto hustle, which ones are neutral, and which ones you might want to avoid entirely.

Let’s get into the good, the bad, and the ugly.

Crypto Friendly Banks

• Westpac
• ANZ (not ANZ Plus)
• NAB
• Revolut
• ME Bank

Crypto Neutral Banks

• Macquarie Bank (Direct Deposits and PayID seem to be fine if under $10k, Credit Card seems to be hit or miss)
• Great Southern (fine under $10k)
• UBank (hit and miss, depends on your standing)
• Wise (hit and miss, depends on your standing)

Crypto Unfriendly Banks

• Bank of Queensland (BOQ)
• Commonwealth Bank (CBA/CommBank)
• HSBC
• ING
• Bankwest
• ANZ Plus (not regular ANZ)
• Bank Australia

Ultimately, your personal relationship with the bank matters just as much as the bank’s general stance on crypto. Factors like your transaction history, account activity — even your postcode — can influence how your account is treated. You might run into roadblocks others don’t, even at a so-called “crypto friendly” bank. So stay informed, stay cautious, and always keep a backup plan.