The best way to buy Bitcoin with your Suncorp Bank account is by using a regulated and licensed cryptocurrency exchange like eToro.

They offer free deposit methods for Suncorp Bank account holders to buy and sell over 50 cryptocurrencies including Bitcoin, Ethereum and Solana.

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Can I buy Bitcoin with Suncorp Bank?

Unfortunately Suncorp bank does not currently support any options to buy cryptocurrency directly on their banking platform. Most Australian banks are yet to implement this but have announced plans to launch the crypto-investing feature in the near future.

Not to worry, there are many alternative and secure options for Suncorp Bank account holders to invest in Bitcoin and other cryptocurrencies. You simply need to link your Suncorp Bank account with a secure, licensed cryptocurrency exchange like eToro.

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How to buy Bitcoin & Crypto with Suncorp Bank

We recommend using eToro as it's the most secure and affordable way to deposit Australian Dollars from your Suncorp Bank account. It is one of the most secure cryptocurrency exchanges in Australia and offer $0 deposit and trading fees.

Follow the guide below to get started.

  1. Sign up to eToro Australia
  2. Complete your verification and press 'Deposit Funds'
  3. Enter the amount of AUD you wish to invest and press 'Continue'
How to buy Bitcoin Suncorp Bank

You will then be redirected to this page with instructions on how to proceed with the bank transfer. Please note that bank transfers can take from 4 to 7 working days to reflect in your account.

Suncorp Bank - eToro Bank Wire Transfer

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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.

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Deposit Fee & Trading Fee

When investing in Bitcoin and other cryptocurrencies, there are two fees investors need to consider when depositing with Suncorp Bank.

  • Deposit Fee - This fee is charged when you deposit AUD¬†into your exchange account
  • Trading Fee - This is the fee you will incur when trading your AUD for Bitcoin (BTC)

However when depositing Australian Dollars from your Suncorp Bank account to your eToro account, it is completely free. To make it better, eToro also do not charge any fees to trade Bitcoin, meaning you will pay zero fees when investing in Bitcoin through their exchange.

For a comprehensive review of eToro and its features, please visit our eToro Review page.

Visit eToro Australia
Posted 
March 31, 2022
 in 
Crypto Banks
 category

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