CBA blocking transfers to crypto sites
Monthly sums over $10,000 to be stopped
Aim is to protect 'customers from scammers'
Emails seen by Daily Mail Australia have been sent out to Commonwealth customers notifying them that the measures will be rolled out at the start of September or in 30 days from the notice being sent.
'We're introducing new measures to help protect you from scams and fraud,' the bank stated in the emails.
'We may limit the amount you can pay to certain accounts or merchants, for example those we believe to be associated with cryptocurrency exchanges, to no more than $10,000 in total from all of your accounts each calendar month.'
In its revised terms and conditions the bank advises it may 'suspend or close your account, cancel or suspend your card or other access method' to stop crypto-associated payments going though.
prototype 0 points 1.7 years ago
then fight against it.