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Westpac Limits Crypto Exchange Payments
From December 1, Westpac will limit payments to identified cryptocurrency exchanges across relevant accounts and methods to a cumulative monthly allowance of A$10,000. In-branch exchange payments will be stopped, while withdrawals from exchanges remain unchanged. The policy applies to online banking, the Westpac App, credit cards, and debit cards, and each customer has a cumulative monthly limit of A$10,000 across their relevant products and payment methods. Joint accounts have a limit of A$10,000 per customer. Westpac will also stop supporting in-branch payments to identified exchanges.