Summary: Suncorp Bank does not directly offer cryptocurrency investing services through its online banking platform in Australia. The only method available for Suncorp account holders to buy Bitcoin and crypto is through a licensed digital asset exchange.
We recommend a platform like eToro AU because they offer fast and cheap AUD transfer from Suncorp Bank via Bank Transfer, Debit Card or Credit Card.
- Trade 80+ cryptos and 8,000+ stocks, ETFs and more.
- Fast and cheap AUD deposits with Suncorp Bank transfers.
- Licensed by ASIC and a trusted broker in Australia.
Table of Contents
Can I buy Crypto with Suncorp Bank?
Unfortunately Suncorp Bank does not currently support any options to buy cryptocurrency directly through their banking platform. Most Australian banks are yet to implement native crypto-trading, but have announced plans to launch digital asset investing features in the near future.
How to buy Bitcoin or Crypto with Suncorp Bank
The easiest way to buy Cryptocurrencies in Australia with a Suncorp Bank account is through an ASIC licensed exchange like eToro. Their platform offers over 80 cryptocurrencies and 8,000+ stocks, ETFs, commodities and other assets for low trading fees.
You can get started in 4 simple steps from your Suncorp account:
- Sign up to the eToro trading platform.
- Select 'Deposit Funds' on the bottom of your screen to deposit AUD via Suncorp Bank.
- Once the AUD hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Input the AUD amount you want to invest and execute your trade.
Suncorp Bank Cryptocurrency Policy
Suncorp Bank does not have any policies that would prohibit their users from trading any form of digital asset or cryptocurrency. Suncorp bank account holders should not be concerned when investing in cryptocurrency as there have been no reports of funds being frozen when transferring from Suncorp Bank.
Deposit and Trading Fees for Suncorp
When investing in Bitcoin and other cryptocurrencies, there are two fees investors need to consider when depositing with Suncorp Bank.
- Suncorp Bank Deposit Fee: This fee is charged from Suncorp when you deposit AUD into your exchange account.
- Platform Trading Fee: This is the fee you will incur when trading your AUD for cryptocurrencies on an exchange.
About Suncorp Bank
Suncorp Bank is an Australian bank serving more than nine million customers throughout the country. Suncorp has a long and proud history dating back to 1902, when it first began operations as the Queensland Insurance Company.
The bank has grown significantly over the years and today offers a full range of banking and financial services products, including savings and transaction accounts, credit cards, personal loans, home loans, car loans, term deposits and superannuation. Suncorp also offers insurance products ranging from home and contents insurance to life insurance and travel insurance.
Suncorp Bank is a subsidiary of Suncorp Group Limited, an ASX listed company with more than $95 billion in assets.