Suncorp Bank does not currently offer services for their customers to buy Bitcoin or Crypto through their bank branch. However, they do let you deposit AUD for free and instantly to cryptocurrency exchanges like CoinSpot to get started investing.
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Suncorp Bank is one of Australia's largest and most popular retail banks, boasting over 1 million customers across the country. Despite their size, they still do not provide any support for cryptocurrency trading, or crypto custody.
This means that Suncorp Bank account holders and digital investors will need to use a regulated cryptocurrency exchange in Australia to buy crypto.
As a customer of Suncorp, you can deposit Australian Dollars instantly and freely to CoinSpot. The CoinSpot platform is one of the few cryptocurrency exchanges that offer completely free deposits and withdrawals for clients of Suncorp. They also offer low trading fees at 0.1%
Below is a simple guide to getting started with Suncorp.
Submit your verification documents to complete your onboarding
Visit the 'Deposit AUD' screen and connect your Suncorp account
Deposit the amount of AUD you want to invest
Select the 'Buy' screen in the navigation menu and select the crypto you want to buy
Input the dollar amount you want to purchase and click 'Buy'!
Suncorp Cryptocurrency Policy
Suncorp does not have any adverse banking policies towards Bitcoin and other popular cryptocurrencies. They freely allow customers to deposit and withdraw from trusted and regulated cryptocurrency exchanges around the world.