WikiFX

Reply

From my own experience using CommBank, I have not found any support for cryptocurrency deposits such as Bitcoin or USDT into personal or business accounts. All of my deposit methods with CommBank have been via standard bank transfers, local ATM deposits, or salary payments—methods strictly within traditional banking channels. CommBank’s business model is that of a regulated Australian bank, primarily focused on conventional financial products, including retail and business banking, share trading via the CommSec platform, and investment services connected to Australian markets. There is no indication in their official documentation or support that they facilitate deposits or withdrawals in digital assets. As a regulated entity under ASIC and APRA, CommBank follows conservative compliance standards. This regulatory environment in Australia generally imposes strict limits on direct crypto interactions within mainstream bank accounts, both for anti-money laundering and risk control reasons. Even the detailed account options—from business to savings to investment—are clearly denominated in Australian dollars or other fiat currencies. For me, this means that any attempt to credit a CommBank account directly with cryptocurrencies would be either rejected or, at best, heavily scrutinized by compliance. In summary, for traders or investors interested in utilizing crypto assets, CommBank does not currently align with those needs. It serves best for those comfortable operating within traditional banking and regulated investment frameworks. If your strategy requires seamless movement between fiat and crypto, I would recommend you look at specialized crypto-friendly platforms outside of conventional banks like CommBank, after careful due diligence.