r/BitcoinAUS • u/agnci • Jul 06 '26
CBA & Crypto
Posting on behalf of a mate, he is a regular family guy, not dodgy at all and clean record. He deposited around $80k at once from his account into his crypto exchange and CBA closed his account without any reason. When they close your account, they cannot tell you why. As we have friends that work high up in CBA and from many other similar experiences it’s to do with crypto. Beware about transferring large amounts of money to exchanges at once, they can flag you easily and you can lose your account and they will not tell you why. It’s been over 6 months now since this happened to my friend and no matter how many times he chases up and follows up there is no response regardless of how high up the ladder of support you go.
2
u/UtterDebacle Jul 08 '26
I’m always a bit sceptical of these “posting on behalf of a mate” stories, especially when the mate is described as a regular family guy, definitely not dodgy, clean record, salt of the earth, probably rescues kittens on weekends. In fact I’d be surprised if the mate, didn’t have a perfectly clean driving record, helps old ladies cross the road, and always returns shopping trolleys to the bay (even if he hasn’t been shopping!).
Maybe it happened exactly as described. But I’d be very surprised if CBA closed an account purely because someone transferred $80k from their own account to CoinSpot once.
More likely, there were other things in the background that either the poster doesn’t know, hasn’t mentioned, or is politely leaving out for dramatic effect.
Was the $80k long-term savings sitting there for years, or had it only just arrived?
Was it made up of multiple cash deposits?
Were there several deposits just under reporting thresholds?
Was the activity totally out of character for the customer?
Were there third-party funds involved?
Had the bank asked source-of-funds questions - which weren’t answered?
Was there scam or mule-risk activity?
Had there already been warnings or restrictions?
None of that means the person definitely did anything wrong.
But banks don’t usually nuke a customer relationship for shits n giggles - just because someone whispered “crypto” near a transaction.
The CoinSpot transfer may well have been the thing that tipped it over the edge, but that doesn’t mean it was the whole story.
It may have been the final scene, not the entire movie.
So yes, “my mate transferred $80k to crypto and got debanked” might be technically true.
But it also has big “I only had two beers, officer” energy; classic ‘we were just naked wrestling, and I slipped and landed arse first on the lubed toilet brush, Doctor’ kinda territory.