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Buy Crypto with Teachers Mutual Bank

Buy Crypto with Teachers Mutual Bank

Dylan Matthews
Fact Checked
October 6, 2022

Summary: Teachers Mutual Bank does not currently offer the option to buy cryptocurrencies through its online banking platform. That said, you can easily use your bank account to buy digital assets with a licensed crypto broker.

If you are looking to get started quickly, we recommend eToro as the best exchange in Australia for crypto, stocks and ETF investing from your TMB IB login.

Table of Contents

Best Crypto Platform for TMB

Platform Highlights

  • Instant and free AUD deposits from Teachers Mutual Bank.
  • Trade 8,000+ Shares, ETFs, Cryptos, Commodities & more.
  • Regulated and Licensed in Australia by ASIC.
Trade $100 and get $10 Free.

Is Teachers Mutual Bank Crypto Friendly?

Yes, Teachers Mutual Bank is crypto-friendly.  The bank has offered its customers the ability to buy and sell cryptocurrency from licensed exchanges since 2014. The bank has also partnered with a number of cryptocurrency exchanges and businesses to offer its customers the best possible experience when dealing in digital assets.

Teachers Mutual Bank.
Teachers Mutual Bank.

How to Buy Crypto with Teachers Mutual Bank

Teachers Mutual Bank does not currently offer the option to buy cryptocurrencies through their bank. However, there are a few ways that customers can still purchase digital currencies. The easiest and safest way to get started is by signing up to an AUSTRAC-licensed exchange based in Australia.

We recommend the eToro platform because they offer instant AUD deposits from Teachers Mutual Bank to trade over 8,000 cryptocurrencies, stocks, ETFs and other assets. You can get started in minutes with our simple 4 step guide:

  • Step 1: Sign up to the eToro trading platform and verify your identity.
  • Step 2: Select the 'Deposit Funds' screen at the bottom of your Dashboard.
  • Step 3: Login to your TMB account and deposit AUD into the unique deposit details provided to you by eToro.
  • Step 4: Once the Australian Dollars has hit your account, visit the 'Discover' page to find the Crypto or other asset you want to buy.
Deposit AUD from Teachers Mutual Bank and trade Crypto in Australia.

Can I buy Stocks with Teachers Mutual Bank?

Yes, you can buy stocks with Teachers Mutual Bank. The bank offers its customers the ability to deposit funds into a licensed share broker to invest in a wide range of assets through its online banking platform. You can use your TMB login to access a variety of investment products, including shares, ETFs, managed funds and more.

If you're looking for the best way to buy stocks with Teachers Mutual Bank, we also recommend using the eToro platform.

About Teachers Mutual Bank

Teachers Mutual Bank is an Australian mutual bank, owned by its members. The Bank was established in 1966 to help teachers with their banking and financial needs. Today, the Bank offers a range of products and services to both teachers and the general public.

The bank has a strong commitment to the education sector and provides support to teacher professional development and education research. Teachers Mutual Bank is a member of the Australian Banking Association and is an authorised deposit-taking institution (ADI) supervised by the Australian Prudential Regulation Authority (APRA).

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Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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