Westpac limits crypto exchange deposits driven by fraud rules

Westpac's crypto-payment policy, effective Dec. 1, sets a cumulative monthly allowance of A$10,000 across a customer's relevant accounts and payment methods. The bank's payment policy lists online banking, the Westpac App, credit cards and debit cards among the channels where the limit may apply. App transfers and card payments share the customer's cumulative allowance wherever Westpac applies the policy to those products and payment methods. Once the cumulative amount reaches A$10,000 in a calendar month, Westpac may reject additional eligible payments to exchanges until the next month begins.

Source: CryptoSlate