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Buy Crypto with First Horizon Bank

Buy Crypto with First Horizon Bank

Adrian Graham
Fact Checked
Oct 1, 2022

Key Takeaway: First Horizon Bank does not support cryptocurrency investing services through its online banking platform. This means that investors will need to sign up with a licensed crypto broker to deposit USD with an ACH Transfer from their First Horizon account.

If you are looking to get started quickly, we recommend the eToro platform. They are one of the USA's most popular crypto brokers with over 18 million users that accepts fast and free bank transfers from First Horizon Bank accounts.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and Cheap US Dollar deposits from all US Banks via ACH Transfer, Debit Card or Credit Card.
  • Trade over 80 Crypto Assets on a trusted and regulated platform with low fees.
  • eToro USA LLC is licensed & registered with FinCEN as a Money Services Business & is a member of FINRA.
US Bank - eToro
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Deposit $100, get $10 Free
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

First Horizon Bank Crypto Policy

First Horizon Bank is a crypto-friendly bank in the United States that allows its customers to buy, hold and transact with the digital asset economy. The bank has not had a history of freezing customer accounts that are depositing or withdrawing funds from licensed crypto brokers in the country.

How to buy Digital Assets with First Horizon online

The easiest way to invest in Bitcoin, Ethereum and other cryptocurrencies with a First Horizon Bank account is with a licensed exchange that accepts ACH transfers. We recommend the eToro crypto broker because they offer instant and free USD deposits via ACH, debit card or credit card from a First Horizon bank account.

You can get started in 4 simple steps:

  1. Visit the eToro US trading platform and verify your identity.
  2. Select the 'Deposit Funds' button and find the USD bank transfer details.
  3. Login to your First Horizon Bank account and transfer USD to the account details shown.
  4. Select the crypto you want to buy on eToro and execute the trade.

First Horizon Bank Limits

There are limits on the amount of money you can deposit and withdraw from your First Horizon Bank account to cryptocurrency exchanges. The limit for deposits is $5,000 per day for personal accounts and $10,000 per day for business accounts. The limit for withdrawals is $500 per day for personal accounts and $1,000 per day for business accounts.

If you want to increase your bank limits, you will need to contact their customer support.

About First Horizon Bank

First Horizon Bank is a regional banking institution that serves customers in the southeastern United States. The bank operates more than 200 branches in Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, and South Carolina. First Horizon Bank is a subsidiary of First Horizon National Corporation (NYSE: FHN), a leading financial services company headquartered in Memphis, Tennessee

First Horizon offers a full range of banking products and services for personal and business customers, including checking and savings accounts, loans and credit products, online and mobile banking, and more.  The bank also offers a variety of specialized services, such as investment and wealth management, trust and estate planning, and commercial banking.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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