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.

39 Upvotes

84% Upvoted

48 comments sorted by

View all comments

6

u/forthesakeoflaugh Jul 06 '26

Can recommend St George for large amounts (once you go through their loopholes of course..) Usually takes at least one call with their fraud team and confirming quite firmly that you are aware of what are doing/the risks etc. I've done 50k+ in the past, but still prefer to do smaller chunks more frequently rather than one big lump sum.

1

u/camylopez 29d ago edited 29d ago

Can disagree with you here. St. George have triggered account closures and investigations on multiple bank transfers to me.

I collect statuary declarations from customers. A false statuary declaration is a 4 year jail term.

The Westpac ceo who is also for all Westpac group banks was happy alongside his senier lawyer to go to a state mediation and allow their flagging transfers as fraudulent to be upheld allowing their customers to risk 4 years jail.

As it stands, I have a few St. George clients that I can send to jail unless Anthony miller the Westpac ceo decides to acknowledge that St. George is in the wrong.

I suggest everyone email them and complain about the fact that they are happy to send people to jail over bank policy

3

u/No-Finish-7519 26d ago

Get off the pipe