Buying Bitcoin in Australia can be frustrating due to inconsistent bank policies—what one bank permits, another may block. Stricter capital controls, including monthly outbound limits and 24-hour PayID delays, add to the challenge.
Some banks treat Bitcoin transactions with suspicion, assuming criminal intent or scam involvement, leaving no presumption of innocence.
Below is a summary of bank stances by BSB, though individual transaction rejections often relate to specific account concerns rather than broad anti-Bitcoin policies.
Consider using a Community Bank.
Best of luck!
If you feel the bank has acted unconscientiously, consider collecting your evidence and submit a claim to AFCA. Each claim could cost the bank around $4,000 + compensation to you.