Making a deposit to your Swyftx account by bank transfer is a secure and simple way to add funds.

It is important to make sure that the bank account you use is registered with the same name as your Swyftx account for a successful deposit.

Bank transfer deposits are available for Australian customers only.

How to deposit funds with a bank transfer

• App

  Step 1: Find your Swyftx details for the bank transfer

  1. From the Dashboard, select Deposit, then select Australian dollars.
  2. Select Bank transfer as the deposit method.
  3. Copy the details from the deposit information.

   

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  Step 2: Make a new deposit from your bank

  Deposits to your Swyftx account must be made from a bank account under the same name as your Swyftx account.

  1. Log into your bank.
  2. Create a new payment via bank transfer.
  3. Enter your Swyftx details from the deposit screen.
  4. You can enter anything you like in the reference field for your records. Your bank transfer deposit will still arrive safely if you don't add a reference.
  5. Enter the amount you want to send to complete the transfer.

• Web

  Step 1: Find your Swyftx details for the bank transfer

  1. Expand the side menu and select  Deposit.
  2. Select Australian Dollars from the list.
  3. Copy your details from the bank transfer tab.

   

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  Step 2: Make a new deposit from your bank

  Deposits to your Swyftx account must be made from a bank account under the same name as your Swyftx account.

  1. Log into your bank.
  2. Create a new payment via bank transfer.
  3. Enter your Swyftx details from the deposit screen.
  4. You can enter anything you like in the reference field for your records. Your bank transfer deposit will still arrive safely if you don't add a reference.
  5. Enter the amount you want to send to complete the transfer.

Deposit times

Within a minute if your bank uses Osko.

2-3 business days if your bank doesn’t use Osko.

Deposit delays

Your first bank transfer can take up to 24 business hours to arrive in your Swyftx account due to banks' security measures.

Additionally, Commonwealth Bank (CBA) and its related brand, Bankwest, impose 24-hour holds on deposits to crypto trading platforms. This is the banks' internal procedure, regardless of whether you've deposited to our exchange before.

If your deposit is delayed:

1. Check the deposit in your online banking. If it's showing as 'Pending', it is still with your bank.
2. Call your bank to enquire about the delay.

Banking business hours do apply. If, for example, you've made a deposit on a Friday or over the weekend, it's likely it will not arrive until the following Monday.

Limits

$30 AUD minimum deposit.

$50,000 AUD a day maximum deposit.

Limits include both cash and crypto transactions.

Fees for bank transfer deposits

$0

There are no fees for bank transfer deposits.

Your financial institution may charge a fee.

Verification

We may ask you to complete further verification after depositing.