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Westpac, one of Australia's biggest banks, will only let customers send A$10,000 a month to crypto exchanges "Your bank account now comes with a monthly crypto allowance. Westpac…

Scott Melker
Published: 2026-10-29 21:35 UTC
Collected: 2026-10-29 22:47 UTC
Original language: Not supplied by source
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Original source excerpt

Westpac, one of Australia's biggest banks, will only let customers send A$10,000 a month to crypto exchanges "Your bank account now comes with a monthly crypto allowance. Westpac sets a $10,000 month…

Westpac, one of Australia's biggest banks, will only let customers send A$10,000 a month to crypto exchanges "Your bank account now comes with a monthly crypto allowance. Westpac sets a $10,000 monthly crypto payment cap from December. This is one of the biggest banks in Australia, which is a real place." "That is telling you that you can only send $10,000 a month to a crypto exchange. $10,000. What is this? A trading budget for ants?" "The bank will only let you send a little bit out, but you can send as much back to the bank as you want. So when you turn that $10,000 into a million dollars trading Trump-themed meme coins, you can deposit that money right back into Westpac." "I think this is absolutely absurd. Who wants a bank that tells them what they can do with their own money?"

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Scott Melker · Published 2026-11-13 22:23 UTC

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