Westpac will cap identified exchange payments at AUD 10,000 a month
BROBROK News · Based on reporting by DiarioBitcoin ·
Westpac said it will apply a cumulative monthly limit of AUD 10,000 to certain payments it identifies as going to crypto exchanges starting December 1, 2026. The policy may cover bank channels and selected card payments, while inbound withdrawals from exchanges remain unchanged.
Key points
- The cap is cumulative across eligible monthly payments the bank identifies as exchange-related.
- It may apply to online banking, the app, and certain credit and debit card payments.
- Westpac will no longer process branch payments it reasonably believes are meant for exchanges.
- There will be no exceptions or requests for a higher monthly limit.
- Withdrawals from exchanges to Westpac accounts are not affected.
Why it matters
The move adds another layer of restriction for customers moving funds from traditional banking into crypto venues. It also reflects continued bank efforts to reduce fraud risks linked to crypto payments.
Original headline: “Westpac limitará a AUD 10.000 mensuales los pagos identificados a exchanges”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.