crypto friendly bank
Commonwealth Bank of Australia
Headquarters: Sydney, Australia • Founded: 1984
About Commonwealth Bank of Australia
Commonwealth Bank of Australia is ranked #42 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
Australia Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
Australia Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is Commonwealth Bank of Australia safe for crypto?
Yes, Commonwealth Bank of Australia is a regulated financial institution that allows crypto purchases and custody through integrated, licensed partner exchanges, offering a bridge between fiat and digital assets.
Is Commonwealth Bank of Australia FDIC insured?
Yes, standard cash deposits are insured under the Australia Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Commonwealth Bank of Australia support business accounts?
Yes, Commonwealth Bank of Australia supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Commonwealth Bank of Australia operate in?
Commonwealth Bank of Australia operates primarily in Australia, and supports international clients from AU.
What are Commonwealth Bank of Australia's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Commonwealth Bank of Australia?
No, Commonwealth Bank of Australia only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.
Coverage
Target Audience
individual, business, institutional
Minimum Deposit
$100
Mobile Banking Apps
iOS, Android