How to Buy Crypto with Heritage Bank

If you're a Heritage Bank customer seeking a safe way to purchase Bitcoin or other cryptocurrencies, we recommend opening an account with an exchange registered with AUSTRAC. Such platforms provide a secure environment for trading, allowing for direct AUD transfers from your Heritage Bank account and accepting debit and credit card deposits.

Follow these steps to get started on eToro, a well-recognised exchange renowned for its quick deposit options that include bank transfers, cards, POLi, PayPal, Skrill, and Neteller:

  1. Sign up for a free eToro account and complete the identity verification steps.
  2. Navigate to the 'Deposit Funds' section, generally found at the lower left corner of the user interface.
  3. Set 'AUD' as your currency of choice, pick a payment method, and initiate the transfer from your Heritage Bank account.
  4. After confirming your deposit, use the search feature to locate and purchase your desired cryptocurrency.
How to Buy Crypto with Heritage Bank.

Fees to Buy Crypto

All cryptocurrency trading platforms in Australia impose deposit fees, but eToro offers all its supported payment methods for free. On this exchange, the sole expense associated with purchasing and selling digital currencies is the trading fee, which is 1% of every transaction. The only additional cost is the $5 fee for withdrawing funds to your Heritage Bank account.

Does Heritage Bank Allow Crypto Purchases?

Yes, Heritage Bank permits its customers to send and receive Australian dollars (AUD) from regulated digital asset exchanges. However, they prohibit their clients from using unregulated exchanges, so it’s important to ensure you use a platform registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to ensure regulatory compliance in the country.

About Heritage Bank

Heritage Bank is Australia's largest customer-owned bank and is headquartered in Toowoomba. Established in 1875 as the Toowoomba Permanent Building Society, Heritage has grown into a financial institution with over 60 branches across southern Queensland and an extensive network of ATMs. As a customer-owned bank, its primary focus is on the financial well-being of its members.

This unique approach sets Heritage apart from traditional banks, as it allows for tailored financial solutions, competitive rates, and personalized services that cater to the specific needs of its customers. It provides a comprehensive suite of financial products, including savings and transaction accounts, home loans, personal loans, credit cards, and insurance products.


To sum up, Heritage Bank does not directly offer cryptocurrency, but it allows its clients to transfer funds to regulated and ASIC-licensed digital asset exchanges to trade tokens like Bitcoin. Our extensive research has determined that eToro is the top choice for Heritage Bank customers as it offers 24/7 customer support, competitively low fees, and a wide selection of assets.