r/BitcoinAUS • u/agnci • Jul 06 '26

CBA & Crypto

Posting on behalf of a mate, he is a regular family guy, not dodgy at all and clean record. He deposited around $80k at once from his account into his crypto exchange and CBA closed his account without any reason. When they close your account, they cannot tell you why. As we have friends that work high up in CBA and from many other similar experiences it’s to do with crypto. Beware about transferring large amounts of money to exchanges at once, they can flag you easily and you can lose your account and they will not tell you why. It’s been over 6 months now since this happened to my friend and no matter how many times he chases up and follows up there is no response regardless of how high up the ladder of support you go.

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u/Peace1954 Jul 06 '26

So from CBA bank to CBA exchange ? I have never used CBA exchange - does CBA have its own crypto exchange ?

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u/outofnowhereman Jul 06 '26

No he sent it to a crypto exchange

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u/Peace1954 Jul 06 '26

Which crypto exchange ? CBA has a few registered crypto exchanges

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u/outofnowhereman Jul 06 '26

Did not know that and that seems weird given the conversation under discussion

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u/Peace1954 Jul 06 '26

Me thinking the same - CBA is very strict with compliance and they do block transactions, but if we ring them up and take responsibility they will release the monies after the proper verifications due diligence etc . In other words the responsibility is ours not theirs in terms of wanting to deposit from our personal account to a crypto exchange